Vent Africa is a non-custodial platform that facilitates crypto-to-cash conversions, enabling users to easily exchange cryptocurrencies like USDT and BTC for NGN. By streamlining the off-ramp process, Vent Africa simplifies cryptocurrency transactions for the African market.
Funding
Funding not disclosed
Founders
Product
Problem
In emerging markets, converting cryptocurrency to local fiat currency can be slow, expensive, and unreliable, often relying on P2P exchanges with associated risks and delays. Many users lack access to efficient and secure off-ramp solutions for their digital assets.
Solution
Vent Africa provides a non-custodial platform that enables users to instantly convert cryptocurrencies such as BTC, USDT, and Solana to Nigerian Naira (NGN). The platform streamlines the off-ramp process by providing a direct connection to local bank accounts, eliminating the need for intermediaries. Vent Africa automates transactions, ensuring users receive Naira payouts immediately after their crypto deposit is confirmed on the blockchain. The service supports multiple payout options, allowing users to add up to four BVN-linked personal accounts.
Target Audience
Vent Africa primarily targets cryptocurrency users in Nigeria who need a fast, reliable, and secure way to convert their digital assets into local fiat currency.
Features
- Supports conversion of Bitcoin (BTC), USDT (BEP20 & TRC20), and Solana (SOL) to Nigerian Naira (NGN)
- Non-custodial system ensures crypto is not stored on the platform, enhancing security
- Automated payouts credited to user's bank account upon confirmation of crypto deposit
- Multiple payout options, allowing users to add up to four BVN-linked personal accounts
- Mobile app available for iOS devices
- 24/7 customer support