Tapnob Launches Bitcoin-Powered Naira Settlement Platform

Tapnob, a financial technology startup, announced the launch of its Bitcoin-powered naira settlement platform designed to simplify cross-border money transfers. 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.

This innovation aims to tackle persistent challenges associated with traditional remittance systems, including high transaction costs and delays. According to a press statement signed by Chief Executive Officer Fishon Amo, the platform focuses on providing faster and more transparent transactions, bridging global digital assets with local financial systems.

The platform supports businesses, allowing merchants, including hotels and travel agencies, to accept international payments and receive settlements directly in naira without needing a foreign bank account. Tapnob disclosed that from July to December 2025, the platform recorded a million transaction volume driven by large organizational adoption and maintained a strong user retention rate.

Chief Technology Officer Mubarak Aminu emphasized the system's reliability and efficiency, combining Bitcoin's Lightning Network with stablecoin systems for local payouts.