For Kaduna families receiving money from abroad — no agents, no queues, live market rate.
The old routine — a trip to a cash-pickup agent, ID checks, queues, and a payout at the operator's rate — is disappearing across Kaduna. ~12,000 Monica users now receive money from abroad as USDT: it lands on their phone in minutes, converts at the live market rate, and pays out to any bank in under 60 seconds. From Barnawa, Ungwan Rimi, Sabon Tasha, no part of the process requires leaving the house.
Verify on Monica with BVN or NIN plus a selfie — about 4 minutes. Open the USDT wallet, copy the TRC-20 address, and WhatsApp it to your person abroad. Every transfer they ever send arrives at that same address with a push notification. Convert when you like the rate; withdraw to any Kaduna bank account.
| Route | Fees on $500 | Typical timing | What the receiver actually gets |
|---|---|---|---|
| USDT → Monica.cash | 0% platform fee — only the network fee (~$1 on TRC-20) | Seconds to a few minutes on-chain, then under 60 seconds to the bank | ≈ ₦810,000 at the live market rate, full amount, any Nigerian bank |
| Western Union | 5%–8% + exchange-rate markup | Minutes to days | Agent or bank payout at a marked-down rate |
| MoneyGram | 4%–7% + rate markup | Minutes to days | Cash pickup limits apply ($200 per IMTO payout rules) |
| Bank wire (SWIFT) | $25–$50 flat + correspondent fees | 2–5 business days | Lands in a domiciliary account at the official rate |
| Fintech remitters (Remitly, WorldRemit, etc.) | 1%–4% + rate spread | Minutes to 2 days | Rate is set by the app, usually below the open market |
"School fees deadline was the next morning. USDT from Canada to naira in my account the same night. That saved my semester."
"I used to lose almost ₦40,000 in fees every month sending through Ria. Switched to USDT and my mum gets the full amount in her Access Bank."
"The dollar I send is the dollar they receive. After years of watching WorldRemit shave both ends, that still feels strange — in a good way."
"No more asking my cousin to queue for cash pickup. I send USDT, she taps withdraw, and the money is in her Moniepoint in minutes."
Install Monica, verify with BVN or NIN (about 4 minutes), and share your permanent USDT address with whoever is sending — family abroad, a client, an employer. Deposits convert to naira at the live rate; withdrawal reaches any bank used in Kaduna in under 60 seconds.
All of them — every NIBSS-connected bank works, including GTBank, Access, Zenith, UBA, First Bank, plus Opay, Kuda, Moniepoint and Palmpay wallets. ~12,000 Monica users already cash out this way across Barnawa, Ungwan Rimi, Sabon Tasha.
The live USDT/NGN market rate shown in the app at the moment you convert — no markup, 0% platform fee.
No. The entire flow is in-app — there are no agents, no cash pickups, and no offices to queue at. That's the point.
Under 60 seconds from conversion to bank alert once the deposit has confirmed on-chain. Digital banks typically show the alert in 5–10 seconds.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's Virtual Asset Service Provider (VASP) framework — with provisional licences issued to Nigerian exchanges from August 2024 — receiving and converting stablecoins is legal in Nigeria.
Permanent USDT address, live-rate conversion, every Nigerian bank. Free setup in about 4 minutes.
Download Monica