Hedge Against Inflation
Protect income from naira devaluation by instantly converting NGN to USDC. Users lock in USD value the moment funds are received, avoiding the impact of volatile FX swings.
Category
- Digital Wallets
- Fintechs
- Payments
- Remittances
Use Cases
- B2B Payments
- Cross-Chain Transfers
- E-commerce Payments
- Payment Settlement
- Payouts and Payroll
Circle Products Used
- USDC
- CCTP
Blockchains Supported
- Avalanche
- Base
- Ethereum
- Polygon PoS
- XRPL
On/Off-Ramps
- Yes
Platform
- Android
- iOS
- Web
Free/Paid
- Free
Region
- Middle East and Africa
Country
- Nigeria
Support
Black Financial Consulting Group
A compliance-first stablecoin wallet enabling Nigerians to hedge against inflation, save in USD, and instantly access local liquidity.
KomKom Wallet is a compliance-first stablecoin platform designed to help Nigerians protect their income from inflation and FX volatility.
Through KomKom, users can:
- Instantly convert NGN to USDC at transparent, upfront rates, preserving value in USD.
- Access a USD savings fund with competitive yields, powered by regulated partners.
- Spend or withdraw back to NGN on-demand through trusted on/off-ramp partners.
- Leverage enhanced features for SMEs including higher limits, invoicing, and priority settlement.
Our infrastructure is built on Circle’s Cross-Chain Transfer Protocol (CCTP) to ensure fast, auditable settlement across supported networks. With MSB registration in Canada (FINTRAC) and operations aligned to CBN’s VASP guidelines in Nigeria, KomKom prioritizes compliance, security, and trust as competitive advantages.
Combining USD value preservation, instant liquidity, and yield opportunities in one seamless platform, KomKom is targeting the $21B Nigeria remittance corridor while addressing everyday currency stability needs for freelancers, SMEs, and households.
Use Cases
Cross-Border Remittances
Diaspora senders in the U.S., UK, and Canada can transfer funds seamlessly to Nigeria via USDC, with fast conversion into NGN through local on/off-ramp partners at transparent rates.
USD Savings & Yield
Users can grow their savings through a regulated USD yield fund, earning competitive returns in USD while retaining on-demand access to their funds.
SME Payments & Settlement
Small businesses can benefit from higher transaction limits, invoicing features, and priority settlement. SMEs can also invoice in USD, receive funds in USDC, and convert to NGN instantly.
Freelancer & Gig Worker Payouts
Nigerian freelancers and digital workers earning in USD can receive payments in USDC, store funds securely in KomKom, and withdraw them into NGN with lower costs and faster access compared to traditional banks.
Cash-In / Cash-Out Agent Network
KomKom expands financial access for underbanked users via a network of trusted agents. Customers can fund their KomKom Wallet with cash (NGN) or cash-out USD earnings locally through agent partners.
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