Helping you get the most out of your money 💪🏾
Fiat, in Africa, is limiting and inconvenient. It’s tedious to move across borders, and if you manage to, you’ll often lose a decent chunk to extortionate exchange rates and fees. Crypto, particularly USD stablecoins, is a godsend in this situation. They’re digital dollars, which are much easier & cheaper to transfer.
Accrue has a simple mission — to be the gentlest introduction to everything crypto can do for everyday people. We’re thrilled to roll out yet another gentle intro — cross-border & third-party payments facilitated by fully-abstracted stablecoin rails.
Any Accrue user can now:
- Send fiat (cedis or naira) cross-border to any bank or mobile money account in Ghana or Nigeria in less than five minutes. (More African countries are coming in 2023)
- Send cash directly to a third-party bank or mobile money account from your USD stablecoin balance.
- Send $$, stocks, and crypto to your friends on Accrue, instantly and for free. (No e-Levy! 😉)
- Receive local currency (auto-converted to stablecoins) or crypto from anyone, anywhere, with your Deposit Link. You can then HODL or withdraw to your bank or mobile money account in minutes.
Say goodbye to cross-border payments that get stuck for days 👋🏾
When you initiate a local currency payment on Accrue, we pair you with one of our highly available Cashramp agents, who will send your chosen bank or mobile money account cash, at the best (real-time) exchange rates, in less than five minutes. You can even chat with our agents throughout the entire process. Also, your money is safe and escrowed if anything ever goes wrong. Log a complaint, and our Customer Success team will step in and resolve it as soon as possible.
To get started:
- Make sure you’ve got the latest version of the app
- Head to Home > Send Money > Send local currency
- Choose which country you’re sending money to
- Choose which agent you want to process your payment and follow the instructions.
- Sit back. You or your beneficiary will receive cash in less than five minutes.
You’re in safe hands 🐥
This feature is still in beta, but we have several delighted users using it in wide-ranging ways.
- Terencia (a Ghanaian user) uses Accrue to send money to her relatives in Nigeria from the comfort of her home.
- Joshua (a Ghanaian user) uses Accrue to send donations to a church in Nigeria.
- Gbadebo (a Nigerian user) uses Accrue to send money between his Nigerian bank account and Kenyan MPESA account.
- Gideon (a Nigerian user) uses Accrue to send money between his Nigerian bank account and his Ghanaian mobile money account in less than five minutes.
- Richard (a Nigerian user) uses Accrue to pay for his dentist appointments directly from his USD stablecoin balance.
- Other people send cash, crypto & stock gifts to their loved ones and pay for services, food, and more instantly!
Try it out for free! 🥳
Depositing local currency or crypto has always been free on Accrue. We’re making local currency payments to any bank or mobile money account free throughout December — our holiday present to you.