Swapam is a crypto-to-fiat platform built for Nigerians.
We enable fast and secure conversion and off-ramping of digital assets to Naira, offering an efficient alternative to traditional off-ramping.
In addition, our platform supports utility bill payments and cross-border payments and remittances, creating a complete financial solution for freelancers, crypto traders, and digital nomads.
A Nigerian graphic designer completes a project for a client in Europe who pays in digital dollars. The designer receives these funds in their Swapam wallet and instantly converts them to Naira, receiving the funds in their linked Nigerian bank account within minutes and bypassing traditional bank delays and high conversion fees.
A digital nomad traveling or residing temporarily in Nigeria earns income in stablecoins from international sources. They use Swapam to convert portions of their stablecoin holdings into Naira as needed for local expenses like accommodation, food, and transportation, enjoying quick access to local currency.
A user has just converted their stablecoins to Naira within the Swapam app. They can then immediately use that Naira balance within the same app to pay for essential services like electricity bills (e.g., Ikeja Electric, Eko Electric), buy airtime (MTN, Glo, Airtel, 9mobile), purchase data bundles, or pay for cable TV subscriptions (DSTV, GOtv).
Someone living in the diaspora wants to send money to their family in Nigeria. They can purchase stablecoins and send them to their family member's Swapam wallet address. The family member in Nigeria can then instantly convert the digital dollars into Naira, making the remittance process faster and cheaper than traditional money transfer services.
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