Cash-in App: Send Crypto, Receive Naira
What is Cash-in App?
Cash-in App is a mobile app service that enables users to easily and seamlessly convert their crypto into naira, which is directly sent to their local bank accounts. It is a virtual asset service that provides you with equivalent fiat value for your cryptocurrency, and it is the first of its kind in Nigeria.
You may think of Cash-in App like a vending machine. But in its case, when users send crypto into the machine (Cash-in App), they get Naira on the other side (their local bank accounts) instantly. So, Cash-in App users understand that when they send crypto to their designated Cash-in address, they intend to receive its equivalent value sent to their local bank accounts immediately, and not for the funds to be stored in the Cash-in App. No funds storage or funds management is done in Cash-in App, since it does not offer a wallet or wallet service.
How does Cash-in App work?
1. Download the Cash-in mobile app from either Play Store or Apple Store.
2. Open the app and create a profile by providing your personal and naira banking details, then your Cash-in addresses will be auto-generated and assigned to your profile.
3. Any crypto sent to your Cash-in address will automatically be converted into naira and sent to your registered bank account.
The Cash-in App service works using a mobile app, blockchain infrastructure, and utilizes local banking settlement system via vendors. Users are required to download the app and set it up so that their unique Cash-in addresses can be autogenerated and displayed within the app. When crypto is deposited into a user’s Cash-in address, the value will automatically be processed and sent to their registered local bank accounts, in Nigerian Naira (NGN). No hassles.
Why is Cash-in App important?
Cryptocurrencies present the best utility-mix for money: asset security, store of value, and liquidity (easily sellable or transactable). However, most people who use crypto are often unable to transact with it because they find it difficult to sell it for cash-equivalent seamlessly, safely and fast.
Some limiting factors which contribute to this anomaly are the often-cumbersome processes in crypto exchange P2P platforms, lack of trust in private P2P processors, the absence of a crypto point of sale system that enables people to convert crypto into cash instantly, as easily as slotting a debit card into a POS machine. Cash-in App exists to help facilitate and provide security for the facilitation of crypto-to-naira services within the Nigerian market.
What can Cash-in App be used for?
1. Sending money (crypto) to a naira bank account. The bank account will receive the naira equivalent of the crypto sent instantly and automatically.
2. Receiving salaries or job payments in crypto, but getting the naira equivalent instead.
3. Paying for products or services using crypto, but the vendors will get the equivalent in naira.
4. Selling your crypto for naira instantly, with topnotch security of funds, speedy transactions and best market rates guaranteed.
5. Receiving donations in crypto but getting naira equivalent instantly.
Cash-in App helps you move from crypto to fiat seamlessly, enabling you to do more with your crypto whenever you need it. No hassles.
The goal of Cash-in App is to make spending crypto easy for its users, and to promote harmony between digital assets and fiat, encouraging naira demand in order to help power businesses and transactions within Nigeria’s economy.
Download Cash-in: crypto to naira app from Play Store or Apple Store.
For further enquiries about the Cash-in mobile app, you can visit our website, or contact the Cash-in App team via email at info@cash-in.app.
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