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By Sowemimo Pelumi

Nigeria’s crypto economy is becoming increasingly competitive as more fintech companies enter the race to simplify bitcoin to naira conversion for millions of users.

While peer-to-peer trading once dominated the market, a new generation of platforms are now focusing on automation, compliance, and instant payouts, a shift many analysts say reflects the maturity of the Nigerian cryptocurrency adoption landscape.

Among the platforms gaining traction is Monica Cash, a crypto conversion platform operated by Monica Technologies Limited.