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Cryptofully, Facilitating Money Transfer To Nigerian Bank Accounts Through Bitcoin

Fintech

Dec. 18, 2020, 10:21 a.m.

Cryptofully is a Nigerian startup that was launched in 2020 to facilitate money transfer to any Nigerian bank account using Bitcoin. The startup also offers the service of buying airtime and payment of bills using their app.

Sending money to Africa with Money Transfer Organisations (MTO) attracts fees, Cryptofully does not charge any fees on transfers.

As Bitcoin and other cryptocurrencies gain popularity in the region, the startup intends to make crypto-based money transfer the future of remittances to Africa and within Africa.

Cryptofully is a cryptocurrency exchange and trading platform as well. The founders hope to push cryptocurrency transactions, investment, and trading into the mainstream in Nigeria and later in other African countries.

The Startup launched an early version of their project that focused on remittance and offers a better experience, when sending money to any Nigerian bank account from anywhere in the world. This made it possible to easily exchange bitcoin for Naira.

Article by Carris Addico

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tag: Banking, Bitcoin, Online Payments, Nigeria, Cryptocurrency, Money Transfer, Remittance,

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