Palmpay — a leading digital wallet with instant alerts. 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 Palmpay in 5–10 seconds typical, riding the same NIBSS instant rails as any local transfer. The sender never needs your Palmpay 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.
"Sent $500 from Germany on a Sunday night. My brother confirmed the Opay alert before we finished the phone call."
"The rate is the real difference. WorldRemit pays out at their own rate; with USDT my family gets the open-market rate — that's an extra ₦15k on $500."
"School fees deadline was the next morning. USDT from the US to naira in my account the same night. That saved my semester."
"The dollar I send is the dollar they receive. After years of watching Remitly shave both ends, that still feels strange — in a good way."
Yes. Convert USDT to naira on Monica at the live rate and withdraw directly to your Palmpay 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 Palmpay 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 Palmpay 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.
Download Monica