Cryptofully has launched the beta version of its payment platform to offer borderless payment that allows a fast, affordable, and reliable exchange of value – from bitcoin to naira.
Cryptofully is a crypto trading and payment platform with the mission to make cryptocurrency simpler and more accessible so that people can use it for everyday payments – remittances, bills, airtime, and even business purchases.
To begin on this journey, they launched an early version today that is focused on remittance and offers a better experience in sending money to any Nigerian bank account from anywhere in the world within minutes. On this early version of Cryptofully, anyone can easily exchange bitcoin for naira.
With the mission of simplicity, Cryptofully is targeted at not just people who are already very conversant with bitcoin and other cryptocurrencies but also new (curious bitcoin users); and so they intend to leverage a lot on education and community building, so as to ensure that new adopters of cryptocurrency find an easy and reliable home with Cryptofully.
“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 high 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.
Commenting further on how it works, he added: “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. Secondly, enter recipient details: Enter the bank account details of the person you’re sending money to.
“Third, Get wallet address: Cryptofully provides a unique bitcoin wallet address for your Nigerian bank account. Finally, Send money: Transfer bitcoin to the unique wallet address and the recipient will receive the naira value instantly.”
While the journey to full adoption of cryptocurrency in everyday payment begins with remittance to naira, over the next few weeks, the startup intends to roll out more interesting features like the Cryptofully wallet, Payments links, P2P transfers, Lending, and much more.