The full flow has four steps. One: the receiver installs Monica in Nigeria, verifies with BVN or NIN (about 4 minutes), and shares their USDT TRC-20 address. Two: the sender buys USDT on their local exchange. Three: the sender withdraws to the shared address, selecting TRC-20 as the network. Four: on confirmation, seconds to a couple of minutes, the receiver converts at the live USDT/NGN rate and withdraws to any Nigerian bank. First transfer? Send $10 as a test before the main amount.
Buy USDT on any exchange abroad (Coinbase, Kraken, Binance), withdraw it to the receiver's Monica.cash deposit address on the TRC-20 network (~$1 fee), and they convert to naira at the live rate, bank payout in under 60 seconds after the deposit confirms.
A verified Monica.cash account, BVN or NIN plus a selfie, about 4 minutes, and any Nigerian bank account for the naira.
About $1 in network fees on TRC-20. Monica charges 0% to receive, convert, and withdraw.
Seconds to a few minutes for on-chain confirmation, then under 60 seconds from conversion to bank alert, 24/7, weekends included.
0% conversion fee on the Nigeria side. Live market rate. Every Nigerian bank.
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