General Overview of The Cardify Wallets System

This article explains the different components of the Cardify wallets system with special emphasis on the Naira and Dollar wallets.

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The Cardify System is made up of three (3) wallets at this time. The NGN, USD and GBP wallets. Each of these wallets is equipped with a deposit and withdrawal function, users of the Cardify platform can deposit and withdraw NGN and USD in the following ways:

Deposit Methods

Deposit NGN with Peerstack

Peerstack is a peer-to-peer system which allows users to deposit NGN seamlessly by fetching from a pool of other users that would like to satisfy the task.

Deposit NGN with Unique Account

Cardify users can generate a unique account and deposit funds directly to such unique accounts.

Deposit NGN with Another Cardify Account

Cardify users can make internal transfers within the system, users can input the username of other users to send funds within the Cardify System.

Deposit USD with Digital Currencies

Users can deposit to their Cardify USD wallets by leveraging their preferred stablecoins as defined by the system at every point in time, at the time of this publication, USDT, and BUSD are among the available methods.

Withdrawal Methods

Withdraw NGN with Peerstack

Peerstack is a peer-to-peer system which allows users to withdraw NGN seamlessly by fetching from a pool of other users that would like to satisfy the task.

Withdraw USD with Digital Currencies

USD can be withdrawn through specific digital currency protocols on the Cardify system, these protocols become obvious with the “withdrawal” button’s availability on such sub-wallet.

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