Fintech company Due Network has announced its upcoming launch of a global payment platform in Nigeria aimed at facilitating seamless, multi-currency international transactions for both businesses and individuals. The platform is designed to support borderless accounts that simplify cross-border money transfers, making it easier to transact internationally with local currencies.

According to Due Network, which has already enabled access to global liquidity in over 50 markets, the platform will allow Nigerian users to make payments in naira through the Nigeria Inter-Bank Settlement System (NIP) to vendors abroad, who can receive payments in their local currencies, such as euros. Robert Sargsian, CEO and co-founder of Due Network, noted during a virtual press event, “The global payments ecosystem is plagued by inefficiencies. Receiving funds, paying international vendors, and moving intra-company funds across countries is often costly, slow, and difficult. We’re here to change that.”

Due Network’s platform operates on decentralized ledger protocols to enable clients in Nigeria to hold and transact in digital US dollars, euros, and other currencies. These digital assets can be used to facilitate transactions across Sub-Saharan Africa, the UK, Europe, and the United States, expanding the reach for Nigerian businesses and individuals.

The company emphasizes that all accounts on the platform are noncustodial, meaning that clients retain full control and custody of their funds without intermediary involvement, including from Due Network itself. The London-headquartered firm states, “With Due, clients have direct, unrestricted access to their funds, eliminating dependencies and ensuring seamless, unrestricted financial operations.”