“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
— Ayn Rand
Friday
9:42 PM
The landlord’s message came on a Friday.
“Tumi, your rent is due next Monday. Please sort it out by Monday, or we will have to make other arrangements.”
The landlords in Nigeria are very much special. They like to get paid before rent is due.
I read the message like three times. I put my phone face down, then picked it up again.
I had money. That was the thing. I had money.
There is a 2,500 USDT sitting pretty in my Binance wallet, untouched, from a client in Amsterdam who had paid me two weeks ago.
9:51 PM
I needed to convert my crypto to Naira. Fast.
I transferred the USDT to Bybit and found a P2P buyer with a 4-star rating and 142 completed trades. His name was CryptoKing_NG.
Cool, cool, this will be quick, I thought.
He accepted the trade. But nothing prepared me for his disappearance.
Everywhere fess blurrr…
Twenty minutes. Thirty minutes.
I am not broke, I told myself. I am just temporarily unable to access what is already mine.
My patience expired, and I filed a dispute. Bybit froze the transaction, and my USDT was now locked, leaving me stuck somewhere in between a wallet and my bank account.
I had 2,500 USDT in my wallet and ₦0 in my Bank account. My rent is due in 72 hours.
I was stranded.
Saturday
8:03 AM
I borrowed money from my brother.
I paid the landlord with the money from my brother and a bank loan.
An Eternity Later. . .
My USDT unlocked three days later, and I withdrew it from ByBit.
By now, I had paid two transaction fees and borrowed money I did not need to borrow. And I would have to repay with interest ooo.
Meanwhile, I had 2,500 USDT the whole time.
The Things Nobody Tells You About Using Crypto in Nigeria
Sometimes, it is not the buying of crypto that really frustrates people; it is the conversion or swapping of crypto to Naira.
You can watch your assets and portfolio grow on a screen, but what use is a growing portfolio if you are unable to spend when needs call for it?
The moment you need to pay rent, buy groceries, send money home, or settle a vendor, you are at the mercy of a P2P market or crypto-to-cash app that may be slow, unreliable, and sometimes dishonest.
Disputes definitely freeze your funds, wrong accounts can delay your money, sellers may disappear, scammers may disguise themselves as buyers, so many things could go wrong for the most flimsy reasons. All of these make using crypto in Nigeria very stressful.
The whole process of using crypto in Nigeria assumes you have enough time and that you don’t need to use your money urgently. The irony is that most people don’t have that time.
Freelancers who get paid in USDC by international clients, remote workers earning in crypto, Nigerians in diaspora making cross-border transactions to family or friends in Nigeria, crypto traders, and Nigerians who save in dollars with stablecoins, and business owners receiving crypto payments from customers all hit the same wall, which is the gap between what is in their wallet and what lands in their bank.
What if Using Crypto in Nigeria Could Be Easy, Quick and Risk-Free?
What if there was an app that skipped the P2P or automated crypto-to-cash apps process, where you first need to convert before making a bank transfer?
I mean, imagine an app that allows you to convert your crypto directly into spendable cash like Naira without having to look for P2P traders or WhatsApp/Telegram vendors, one that skips the stranger in the middle, that just converts crypto assets directly to Naira, and sends it straight into any bank account of your choice.
What if you could go beyond crypto conversion and actually start spending crypto? Like actually using crypto in Nigeria for your everyday life?
Just what if?
Enough of the ‘what ifs’ because making crypto spendable as Naira is exactly what Resolva does.
Turns out that all I needed to do was: download the Resolva app, set up an account, enter my landlord’s bank account number, select the crypto asset I have (in my case, USDT), enter the amount of Naira I needed to send to him, and send the equivalent in USDT. The Naira would have landed in his bank account instantly, the same way a regular bank transfer works, except that the money leaving my end is crypto.
Most crypto-to-cash apps stop at your own bank account. First, there’s the headache of payment delays, scam risk and bad rates. Then, when the Naira eventually hits your bank account, you have to make a bank transfer to the recipient.
Resolva has completely taken away that headache away. It makes using crypto in Nigeria easy. With Resolva, you can go from crypto to bank instantly.
Resolva For Individuals (Resolva App)
Resolva is a direct crypto-to-bank payment service that lets you cash out crypto or make bank transfers to anyone with crypto. You can actually spend your crypto in Nigeria. That’s right! You can pay anyone with crypto, and they’ll receive Naira. It doesn’t matter if they know or understand what crypto is. Your crypto is sent straight to their bank account in the Naira they are used to. Now, using crypto in Nigeria is easy, fast and straightforward.
Here’s how Resolva works:
- Enter the recipient’s bank details.
- Choose your preferred crypto asset USDT, USDC, Bitcoin (BTC), Ethereum (ETH) or Solana (SOL) and cash to receive (Naira).
- Copy the provided wallet address and send the selected crypto to it.
- Cash (Naira) is credited directly to your recipient’s bank account instantly.
Ready to Start Using Crypto in Nigeria Easily?
Become a Resolva Pal today and experience a faster way to move between crypto and Naira. Using crypto in Nigeria will never be stressful again
Resolva For Businesses (Resolva Merchant)
Resolva also works for businesses and merchants. With Resolva Merchant, business owners can accept crypto from customers worldwide while receiving Naira directly into their Nigerian bank account. Your customer pays in crypto, and you receive cash. Everyone is happy. Using crypto in Nigeria as a payment method for your business has never been this straightforward.
Signing up on Resolva Merchant means your business can now expand its customer base to crypto holders. After all, Nigerians already hold and want to make payments with crypto. In fact, many people are using crypto in Nigeria on a daily basis. Now, you no longer have to reject crypto payments from them because you don’t understand crypto or don’t want to deal with crypto wallets or crypto volatility. All you need is a Resolva Merchant account. And the best part is that you can use it to manage crypto payments for multiple businesses, which comes in handy if you have more than one business.
For merchants, it’s just as simple:
- Create a Resolva business account and link your bank details.
- Get your unique payment QR code and share it with customers online or in person.
- Your customer can scan and pay in USDT, USDC, BTC, or SOL from anywhere in the world.
- Naira settles directly into your linked bank account.
Start Accepting Crypto from Customers
Expand your customer base by accepting crypto payments from customers while you receive Naira. No crypto knowledge required! Become a Resolva Merchant today.
