All users must complete registration and KYC up to Tier 3 before accessing local or international transaction services. Upon onboarding, customers receive:
An NGN bank account
A USDC wallet address
6.1 Local Transactions
Customers use their NGN account to send and receive NGN locally within Nigeria. Transactions are monitored for unusual patterns, structuring, or suspicious behavior.
6.2 International Transactions
Customers may:
Send USD to the United States using NGN from their bank account
Send CNY to China using NGN
Send USD to the United States using USDC
Stablecoins (USDC) are used in the background to facilitate settlement and
liquidity, even where not visible to customers
6.3 Large Transactions and Digital Assets
For transactions of up to USD 50,000 or equivalent, customers may transact
directly using USDC on Arbitrum.
Customers may:
Deposit USDC into the platform; or
Purchase USDC using NGN within the app
Such transactions are subject to Enhanced Due Diligence (EDD) and