Cash-in is an automated application that facilitates the conversion of cryptocurrencies to Nigerian Naira, allowing users to liquidate their crypto assets and receive funds in their local bank accounts within five minutes. The platform eliminates service fees and provides competitive market rates, catering to individuals and businesses seeking efficient and hassle-free transactions.
Funding
$24.1K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals and businesses in Nigeria face challenges in converting their cryptocurrency holdings into Nigerian Naira quickly and reliably. Existing methods often involve high fees, complex processes, and potential delays in receiving funds in their local bank accounts.
Solution
Cash-in provides a streamlined mobile application that enables users to convert cryptocurrencies to Nigerian Naira and receive the equivalent value directly in their bank accounts. By providing users with a dedicated Cash-in wallet address, the application automates the conversion process once cryptocurrency is detected in the wallet. Cash-in supports multiple cryptocurrencies, including BTC, USDC, USDT, and BUSD, across various blockchains. The platform integrates with Transak, allowing users who do not currently own crypto to purchase it within the app using fiat currency.
Target Audience
Cash-in primarily targets Nigerian residents, the diaspora community sending money to Nigeria, freelancers and remote workers receiving payments in cryptocurrency, online and offline merchants accepting crypto payments, and general cryptocurrency users seeking to liquidate their assets into Naira.
Features
- Automatic conversion of cryptocurrency to Naira upon receipt in the user's Cash-in wallet address.
- Direct deposit of Naira equivalent into the user's registered Nigerian bank account.
- Support for multiple cryptocurrencies: BTC, USDC, USDT, and BUSD.
- Integration with Transak for in-app purchase of cryptocurrency using fiat.
- Referral program that rewards users with Naira for every dollar their referrals cash-in.
- Real-time transaction monitoring and notifications.