A financial technology startup, Tapnob, has announced the launch of a payments platform designed to simplify cross-border money transfers by leveraging Bitcoin infrastructure for instant conversion of digital assets into naira.
In a press statement signed by the Chief Executive Officer, Fishon Amos, on Thursday, the company said the platform, which went public on July 15, 2025, enables users to send cryptocurrencies such as Bitcoin, USDT, and USDC, with recipients receiving the naira equivalent within seconds at locked-in rates.
The firm noted that the innovation addresses persistent challenges associated with traditional remittance systems, including high transaction costs and delays, as well as the risks tied to informal peer-to-peer crypto exchanges widely used across Nigeria.
According to the statement, Tapnob is focused on providing a faster, more transparent bridge between global digital assets and local financial systems.
Amos stated further that the platform is designed to simplify global payments without requiring users to have technical knowledge of cryptocurrency.
“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 said.
The statement added that the platform also supports businesses by enabling merchants, including hotels, travel agencies, event organisers, and freelancers, to accept international payments and receive settlements directly in naira without the need for foreign bank accounts.
Tapnob disclosed that between July and December 2025, the platform recorded millions in transaction volume, driven largely by organic adoption, while maintaining strong transaction success and user retention rates.
On its technical framework, the company explained that it combines Bitcoin’s Lightning Network with stablecoin systems and local payout infrastructure to deliver near-instant, low-cost transactions.
The Chief Technology Officer, Mubarak Aminu, emphasised that the system was built to ensure reliability and efficiency.
“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.
The company further highlighted broader trends in Africa’s financial ecosystem, noting that cryptocurrency adoption continues to rise, with increasing use of stablecoins for value preservation amid currency volatility.
Tapnob lamposted that its platform is positioned to support this shift by providing compliant and seamless conversion between digital currencies and local fiat, thereby enabling faster and more reliable financial transactions.
Arewa PUNCH reports that the platform is operated by Reala Innovative Solutions Limited.