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Monica Technologies Limited
Monica Technologies Limited operates Monica, a Nigerian crypto-to-naira off-ramp. Users can convert supported cryptocurrencies to naira, withdraw to Nigerian bank accounts, pay bills, transfer naira, and use a virtual USD card.
Lagos, NG
Monica
Project Links
Description
Monica is a direct crypto-to-naira off-ramp product operated by Monica Technologies Limited, based in Lagos, Nigeria, positioned as aligned with the SEC's Virtual Asset Service Provider (VASP) framework and NDPA data protection requirements. Users send Bitcoin, Ethereum, Solana, Tron, BNB, USDT or USDC (across networks including Bitcoin mainnet, ERC20, TRC20, BEP20, Solana and Base) to a permanent Monica deposit address and receive naira directly into their Nigerian bank account, typically within 60 seconds of on-chain confirmation, with 0% conversion and withdrawal fees and no P2P vendor or order book involved. Beyond crypto off-ramping, Monica offers bill payments (airtime, mobile data, DStv/GOtv, electricity, betting wallets, gift cards), instant naira transfers to any Nigerian bank or other Monica users, and a virtual USD Visa card fundable from crypto or naira for spending with global merchants such as Netflix and Spotify. Monica reports over 500,000 verified users, more than ₦500 billion in processed transactions, and a 4.5-4.7★ app store rating, and is distributed via iOS and Android apps (at monica.cash/app) plus an API (monica.ng/api), marketing itself as a faster, safer alternative to P2P platforms and exchanges such as Binance P2P, Breet, Roqqu, Busha, Quidax and Luno.Category: On/Off Ramp