Breedjr, a crypto-to-naira payout platform, has exceeded $4 million in total payouts since its launch in 2025, as it unveiled an upgraded system aimed at delivering faster transaction settlements and greater transparency for users.
The latest update is targeted at a growing base of traders, freelancers and frequent converters who depend on efficient conversion of digital assets into naira. With the new features, users can generate a receiving address within the application, view exchange rates before initiating transactions, transfer funds from any exchange, and receive naira directly into Nigerian bank accounts in under 60 seconds.
The company said the improvements are designed to enhance both speed and clarity, particularly for users handling higher transaction volumes. Settlement times have been further optimised across supported assets, including USDT, USDC and BTC, while exchange rates are now confirmed upfront to eliminate uncertainty during conversions.
Chief Executive Officer of Breedjr, Ikenna Eneje, said the upgrade addresses a key challenge faced by crypto users.
“For many active crypto users, the challenge is not receiving digital assets—it’s being able to convert them into naira quickly and with confidence, especially at higher volumes,” he said.“What we are building goes beyond speed. It’s about creating a payout experience users can trust when transaction size truly matters.”
The milestone and product enhancement mark a strategic shift in the company’s positioning within Nigeria’s crypto-to-naira market. Breedjr noted that its growth has been largely driven by high-frequency users generating significant transaction volumes, a segment it is now prioritising.
The development comes amid rapid changes in Nigeria’s cryptocurrency landscape. The country ranked among the leading markets globally for crypto transaction volume in early 2026 and continues to dominate peer-to-peer trading activity. Stablecoins such as USDT and USDC remain central, serving both as a hedge against naira volatility and a channel for receiving international payments.
Meanwhile, the regulatory environment has become more structured following the enactment of the Investments and Securities Act 2025, which places virtual asset service providers under the oversight of the Securities and Exchange Commission, increasing compliance requirements across the sector.
Breedjr’s mobile application is currently available on Android and iOS platforms, offering users a streamlined interface for converting digital assets into naira quickly and securely.
0 Comments