# Monica > Nigeria's fastest crypto to naira off-ramp Monica is a Nigerian fintech platform that converts cryptocurrency to naira and offers bill payments, airtime, gift cards, and a virtual dollar card. It serves Nigerian users seeking fast, low-fee access between digital assets and everyday spending. Monica is a Nigerian financial technology company that operates a crypto to naira off ramp, converting a range of supported cryptocurrencies into naira for payout to verified Nigerian bank accounts. The platform is built for Nigerian consumers who want a quick, low-fee way to turn digital assets into spendable cash, alongside everyday financial tools within a single mobile app. It positions itself as an alternative to peer-to-peer trading and exchange order books, aiming for payouts within roughly a minute of onchain confirmation. Functionally, Monica operates as a principal off ramp rather than a custodial wallet or exchange. Users send supported cryptocurrency to a Monica-issued deposit address, and once the transaction is confirmed onchain, ownership passes to Monica while the company becomes contractually obligated to pay the equivalent naira amount to the user's bank account through the national instant transfer rail. The company states it aligns with the virtual asset service provider framework applicable in Nigeria and follows anti-money laundering and data protection practices, without holding a banking licence. Beyond conversion, Monica's app includes bill payment tools covering airtime, mobile data, and utility bills, a marketplace of digital gift cards, and a virtual dollar card funded from crypto or naira balances for spending with international merchants. Naira transfers can also be sent to other banks or between Monica users. The service is used by individuals across Nigeria looking to move between crypto holdings, naira, and routine payments through one application. - Type: Company - Sector: Payments - Status: Active - Founded: 2023-02-01 - Profile: https://thegrid.id/profiles/monica ## Products - [Monica.cash](https://thegrid.id/profiles/monica): Monica enables crypto-to-fiat conversions, bill payments, and financial services through a mobile application, supporting Bitcoin, USDT, and Ethereum conversions to Nigerian naira while providing airtime purchases, utility bill payments, and gift card access. (Peer to Peer & Remittance, Live, Main Product) - [Monica](https://thegrid.id/profiles/monica): Monica is a mobile application that converts cryptocurrency into Nigerian naira and provides everyday financial services. It lets users send crypto to a personal deposit address and receive naira payouts to a bank account shortly after on-chain confirmation, alongside bill payments, airtime and data top-ups, gift card purchases, a virtual dollar card, and person-to-person transfers. The app targets Nigerian consumers seeking a faster alternative to peer-to-peer crypto trading or exchange withdrawals. (Peer to Peer & Remittance, Live, Main Product) - [Monica Off-Ramp API](https://thegrid.id/profiles/monica): The Monica Off-Ramp API is a developer platform that lets registered businesses programmatically convert customer cryptocurrency deposits into naira settlements. It issues per-user deposit wallets, tracks on-chain deposits through webhooks, locks a conversion rate on confirmation, and pays out naira to a corporate bank account within seconds. Businesses undergo a separate know-your-business onboarding and are charged a per-transaction fee capped at a fixed dollar amount, distinct from the consumer app experience. (Payment network, Live) ## Links - [Main](https://monica.cash) - [Terms of Service](https://monica.cash/terms-and-conditions) - [Privacy policy](https://monica.cash/privacy-policy) - [Blog](https://monica.cash/blog) - [Instagram](https://instagram.com/monicanigeria) - [Twitter / X](https://x.com/Monicanigeria) - [Facebook](https://www.facebook.com/monicanigeria1) - [Threads](https://www.threads.com/@monicanigeria) - [Telegram](https://t.me/monicanigeria) - [TikTok](https://tiktok.com/@monicanigeria) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP