Carbon — the digital lender-bank hybrid. Money from abroad, straight to your account at the live rate.
Someone abroad sends USDT to your permanent Monica deposit address — from any exchange, any country, any time. When the deposit confirms on-chain (seconds to a couple of minutes on TRC-20), you convert at the live USDT/NGN rate and withdraw. The naira lands in Carbon in 5–10 seconds typical, riding the same NIBSS instant rails as any local transfer. The sender never needs your Carbon details, and you never need a domiciliary account.
Cost: the whole chain costs the sender about $1, against the 8.8% World Bank average for traditional remittances. Rate: conversion happens at the live market rate — not a remitter's payout rate. Control: money arrives as dollars (USDT) and you decide when to convert, which many families use to hold value against naira moves. And it works at 3am on a Sunday exactly as well as Tuesday noon.
"My parents are retired and not tech people. They only see the Moniepoint alert — I handle the USDT side from the US. Simple."
"The rate is the real difference. Sendwave pays out at their own rate; with USDT my family gets the open-market rate — that's an extra ₦15k on $500."
"First time I tried it I sent just $20 to test. It worked so fast I sent the real $800 immediately after."
"Rent for my family house in Surulere goes through this route now. Landlord gets a bank transfer, I pay no remittance fee at all."
Yes. Convert USDT to naira on Monica at the live rate and withdraw directly to your Carbon account — payout typically completes in 5–10 seconds typical after you tap withdraw.
5–10 seconds typical after conversion. The transfer rides NIBSS instant rails, the same system Carbon uses for regular instant transfers.
0% conversion fee and 0% withdrawal fee on Monica. The only cost in the entire remittance chain is the sender's ~$1 network fee.
No — that's a nice property of the route. The sender only ever sees your USDT address. Your Carbon account details stay inside your own Monica app.
The live USDT/NGN market rate displayed at the moment you convert. No remitter markup.
Yes. Monica supports withdrawal to every NIBSS-connected Nigerian bank and wallet — add as many payout accounts as you like.
0% fees on the Nigeria side. Live market rate. Setup takes about 4 minutes.
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