“Can stablecoin and Bitcoin rails replace correspondent banking as the default infrastructure for cross-border money movement into and out of Africa?”
Bitnob started as a consumer Bitcoin savings/remittance product in Africa and evolved into a B2B cross-border money movement platform. The company now positions itself as an embedded finance infrastructure provider — offering payouts to 40+ countries, multi-currency wallets (NGN, USDT, USDC, BTC), USD virtual Visa cards, and crypto-backed lending — with crypto rails (Bitcoin, Lightning, stablecoins) as the underlying settlement layer.
Bitnob discloses Bitnob (self-operated wallet infrastructure) as its banking provider, according to the Embedded Finance Index 2026.
Bitnob does not disclose a bank charter of its own; its banking services are provided through Bitnob (self-operated wallet infrastructure).
Bitnob processes payments through Bitnob Payouts (self-operated), Bitnob Stablecoin rails (self-operated, USDT/USDC on Tron, Polygon, Solana) and Bitcoin / Lightning (self-operated).
Bitnob's cards are issued through Undisclosed third-party Visa issuer (Bitnob acts as technology/distribution partner).
Bitnob uses Bitnob Payouts (self-operated) for FX and cross-border payouts.
Bitnob's crypto products run on Bitnob (self-operated) and Bitnob (self-custodied infrastructure; also supports non-custodial wallet builders per docs).
The Embedded Finance Index 2026 maps 6 layers in Bitnob's stack: Payments / PSP (Bitnob Payouts (self-operated), Bitnob Stablecoin rails (self-operated, USDT/USDC on Tron, Polygon, Solana) and Bitcoin / Lightning (self-operated)); Banking / BaaS (Bitnob (self-operated wallet infrastructure)); Card issuing (Undisclosed third-party Visa issuer (Bitnob acts as technology/distribution partner)); Lending (Bitnob Lending (crypto-backed business loans) and Office mortgage-style loans collateralized by BTC/USDT/USDC); FX & payouts (Bitnob Payouts (self-operated)); Crypto (Bitnob (self-operated) and Bitnob (self-custodied infrastructure; also supports non-custodial wallet builders per docs)).
Bitnob is founded in 2020 and headquartered in Nigeria.
Get a read on where your own stack stands against Bitnob and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.