The platform, operated by Monica Technologies Limited, has spent the last three years building automated crypto to naira conversion infrastructure for users looking to receive direct bank payouts without depending entirely on manual peer to peer coordination.

Its growing usage reflects broader changes within the Nigerian crypto market, where more users are prioritising instant settlement systems and smoother withdrawal experiences amid rising cryptocurrency adoption across the country.

The increasing use of stablecoins for business payments, remote work earnings and cross border transactions has also contributed to stronger demand for platforms offering direct crypto withdrawal Nigeria services.

Within the Lagos crypto ecosystem, Monica Cash is increasingly being mentioned among platforms helping users process faster payouts for BTC, USDT, ETH, BNB, TRX, SOL and USDC transactions.

An analyst familiar with Nigeria’s fintech market said users were gradually moving toward automated conversion systems that reduce delays and transaction coordination issues commonly associated with traditional P2P trading.

“Users now want crypto to naira platforms that can complete bitcoin withdrawals quickly without the delays often associated with manual peer to peer trading. Faster settlement is becoming one of the biggest priorities within Nigeria’s crypto market, and Monica.cash is increasingly becoming part of that shift,” the analyst said.

The analyst added that users within the market are beginning to describe Monica.cash as the best bitcoin app in Nigeria for everyday crypto transactions following conversations and posts about the platform on social media.

Nigeria remains one of Africa’s most active crypto markets despite uncertainty surrounding CBN crypto regulation and oversight of digital asset activities by regulators. Rising inflation, foreign exchange pressure and demand for alternative payment systems have continued pushing Nigerian cryptocurrency adoption higher.

Monica Cash currently supports automated conversion and withdrawal services that allow users to exchange BTC, USDT, ETH, BNB, TRX, SOL and USDC for naira within seconds through direct payout systems linked to local bank accounts.

“We are focused on making crypto to naira transactions easier for users who want direct withdrawals, smoother settlements and less dependence on manual peer to peer systems,” a Monica Cash spokesperson said.

Some users within Nigeria’s crypto community also pointed to the Monica.cash app’s zero fee crypto in Nigeria model for selected transactions as one of the reasons it has continued gaining visibility among traders and freelancers seeking quicker crypto cashout in Nigeria services.

The broader shift toward faster crypto to naira conversion systems is continuing to reshape how many Nigerian users handle bitcoin withdrawals, stablecoin settlements and digital asset payouts across the country.

Traditional cards with limited spending caps can be inconvenient. Users often face declined transactions when trying to make large purchases, struggle to top up their balance quickly, and constantly have to monitor their limits to avoid card blocks.

These issues become even more significant when shopping on international platforms. Due to currency conversion and additional fees, global shopping can become very costly.

The Ultima virtual card from PSTNET offers a solution to all these problems. It imposes no spending limits on its users.

With it, you can easily buy plane tickets, book hotels, pay for digital service subscriptions, purchase clothing and accessories, and even make large transactions. For example, you can order electronics or designer furniture from overseas stores.

PSTNET Virtual Cards for Global Shopping

PSTNET issues virtual cards for media buying with a 3% cashback on online transactions. The Ultima, virtual card for shopping, is ideal for active users who regularly make online payments and use their card for global purchases. PSTNET offers free cards when a certain monthly spending threshold is reached.

All PSTNET cards are highly secure, featuring 3D Secure technology and two-factor authentication.

Ultima is an unlimited card, meaning there are no restrictions on how much you can top up or spend.

Additionally, it has a favorable fee structure:

• 0% transaction fee
• 0% fee for declined transactions or transactions on frozen cards
• 0% withdrawal fee
• 2% top-up fee
• $7 monthly maintenance fee
• $99 annual maintenance fee (currently available at a 48% discount)

Moreover, users can issue an unlimited number of Ultima cards to manage their expenses.

For companies and businesses, PSTNET offers the option to create branded White Label cards. These cards can be integrated into brand products, allowing companies to offer additional services and enhance customer loyalty.

How Does the Ultima Card Work?

To start using the Ultima virtual card, simply complete a quick registration on the PSTNET platform. The process takes just a few minutes and requires you to create an account via Google, Telegram, WhatsApp, Apple ID, or email. Once registered, you can issue the card through your user dashboard.

Immediately after issuance, the card becomes active, and you can top up your balance. It’s important to note that user verification is only required if the top-up amount exceeds $500. This threshold acts as an additional security and transparency measure.

The Ultima card is suitable for converting crypto assets into fiat money with automatic conversion. It’s accepted wherever Visa and MasterCard are, making it a versatile tool for global shopping.

Topping Up Your Ultima Card

The Ultima card can be topped up in several ways:

It supports 18 cryptocurrencies, including BTC, USDT (TRC 20, ERC 20), ETH, BNB, XRP, TRX, BCH, USDC (Ethereum), USDC (Tron), ADA, SOL, MATIC, BUSD, LTC, DASH, DOGE, TON, and USDT.

Additionally, the card supports top-ups via SEPA/SWIFT bank transfers and other Visa or MasterCard cards.

To top up your card, simply log in to your user dashboard and choose your preferred funding method. With a wide range of supported currencies and top-up methods, you can easily manage your finances and transfer funds to your card anytime.

User Interaction and Support

For user convenience, PSTNET offers several channels for technical support. You can reach out for assistance via Telegram chat or use other communication methods like live chat or WhatsApp.

Additionally, there’s a special Telegram bot that sends service notifications and 3D Secure codes, helping maintain a fast interaction with the system and protect user payment data.

Conclusion

The Ultima virtual card from PSTNET is a convenient and secure solution for safe global shopping. Its main advantage is the absence of spending limits and transaction fees, making it ideal for active users. The support for multiple cryptocurrencies and fiat currencies, along with easy registration, makes the card accessible to users of all experience levels in financial technologies.

Moreover, PSTNET offers opportunities for businesses by creating branded White Label cards, which can be a powerful tool for increasing customer loyalty and providing additional services.

For those who frequently shop online or work with cryptocurrencies, the Ultima card is a simple and cost-effective way to manage finances and make purchases worldwide.