Key Highlights
- Tapnob launched a platform that lets people send crypto and receive naira instantly.
- It aims to address common problems like high fees, slow transfers, and unstable exchange rates.
- Nigerian businesses can accept international payments and get paid directly in naira without needing foreign bank accounts.
Tapnob, a fintech startup based in Nigeria, has introduced a new payments platform designed to make cross-border money transfers easy by using Bitcoin infrastructure.
According to a local report, the company’s CEO, Fishon Amos, announced the launch last Thursday. The platform reportedly went live on July 15, 2025, and is built to enable Nigerians to send digital currencies and have the receiver get naira almost instantly.
The company said the system is designed to fix common problems Nigerians face when sending money from abroad, such as high fees, slow delivery, and unstable exchange rates. Tapnob explained that the service is designed for ease of use, meaning people do not need deep technical knowledge of cryptocurrency to operate it.
How the platform works for everyday users
Users can send cryptocurrencies like Bitcoin, USDT, and USDC through the platform. Once the payment is completed, the receiver gets the naira value within seconds. The rate is locked in at the time of the transaction, so there is no surprise change in value.
Amos said the goal is to make global payments simple while still allowing people to use systems they already trust.
“We’re building infrastructure that allows people to send and receive money globally while still interacting with the local systems they trust. Speed, transparency, and reliability remain our core priorities,” he added.
How businesses can benefit
Tampod said the platform also works for business. Merchants such as hotels, travel agencies, event organizers, as well as freelancers, can accept payments from international clients and receive them directly in naira. This is expected to remove the need for foreign bank accounts, which are often difficult to access.
The company also disclosed that between July and December 2025, the platform recorded millions in transaction volume. It attributed this growth to organic adoption, alongside strong transaction success rates and user retention.
On the technical side, the system combines Bitcoin’s Lightning Network, stablecoin systems, and local payout infrastructure to deliver near-instant transfers at lower costs.
Chief Technology Officer Mubarak Aminu said the system was built for consistent performance. “Under the hood, we are combining Bitcoin and stablecoin rails with local payout systems to make transfers feel instant. The goal is to build a system users can depend on every time,” he said.
Broader context
The launch comes as cryptocurrency use continues to grow across Africa, with many users turning to stablecoins to protect value during periods of currency instability.
Traditional cross-border payment systems in Nigeria are still known for delays and high charges, which have led to the rise of informal peer-to-peer crypto exchanges.
Tapnob said its platform is designed to offer a safer and more structured option by providing a compliant and smooth link between digital currencies and local money systems, making transactions faster and more reliable.
Also Read: CBN Starts Pilot Program to Watch Crypto Firms in Nigeria
