Nigerian Crypto startup; Cryptofully has launched an early version of its payment platform to provide international remittance services that allow for faster, cheaper, and secure exchange of value – from the cryptocurrency (bitcoin) to Naira.

Cryptofully is a cryptocurrency exchange platform with a mission to make cryptocurrency less difficult and more accessible, so that everyone can use it for everyday transactions – remittances, bill payments, airtime, and even commercial business purchases. Today, the company launched a platform that is focused on remittance and gives a great experience (fast, cheaper, and secure) when sending money to any Nigerian bank account from anywhere in the world. With the beta version of cryptofully, users can easily exchange bitcoin for Naira and cash out directly with their Local (Nigerian) bank account.

“We understand that international money transfers are not a walk in the park. Most of them are inefficient and/or quite expensive. Thankfully, bitcoin to Naira exchange isn’t as expensive and the process is much faster. Bitcoin money transfers have proven to be the best way to send and receive international payments because sending bitcoin is extremely easy. Beyond remittance made easy, bitcoin provides great investment opportunities, wealth preservation and we only expect more and more perks in the future.” –  Tega Gabriel, Communications Manager at Cryptofully.

How does it work?

  1. Enter the amount of money you want to send: Enter the amount of money you want to send (in Naira) and the bitcoin equivalent is calculated instantly.
  2. Enter recipient details: Enter the bank account details of the person you’re sending money to.
  3. Get wallet address: Cryptofully provides a unique bitcoin wallet address for your Nigerian bank account.
  4. Send money: Transfer bitcoin to the unique wallet address and the recipient will receive the naira value instantly. Check out their Medium post to learn how it works in detail.

While the journey to full adoption of cryptocurrency in everyday payment begins with remittance to naira, over the next few weeks, Cryptofully intends to roll out more interesting features like the Cryptofully wallet, Payments links, P2P transfers, Lending, and much more.

Read this next

The evolution of human economic development has taken different dimensions starting from the early stone age to the medieval period, to the barter exchange era, cowry’s usage, paper money/currency, and now bitcoin. For starters, Bitcoin is a cryptocurrency; a digital asset designed to work as a medium of exchange that uses cryptography to control its […]

More From TC
Features, Technology
25th September 2020

Short answer? It depends. Long answer? There are more critical things to worry about. At least, that is what experts and experience with advanced technologies like this say, especially  if you live in Africa. If you write things—news articles from standard press releases or reportage from a war zone, code, poetry, communiques, fiction—if you write […]


The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — At 7:03pm on Tuesday, Zenith Bank put out a short statement on its official Twitter account. The […]

TechCabal is a Big Cabal Media brand

Copyright © 2020
All rights reserved

Privacy & Terms