In recent years, obtaining foreign currency for personal and business needs has become increasingly difficult and we have all had our fair share of the hassle in our parlance "everybody go chop breakfast" The complicated, intrusive and slow processes of commercial banks along with their non-competitive fees aren't appealing. Cross boarder currency platforms aren't much better than the banks when it comes to charges, fees and rates either. It is therefore not surprising that a disruptive ecosystem akin to Airbnb, Uber, Just Park and many other similar platforms; involving individuals directly sourcing foreign currency through peers has emerged. Read More
The Greek Philosopher, Plato is quoted to have written “our need will be the real creator”. It is this need that created IRIS (www.iris-ng.com). The needs of many Nigerians seeking foreign exchange for both private and business purposes.
The method adopted within the IRIS platform is Bartering or in more familiar terms Trade by Barter; matching individuals who have FX or Naira with a swap partner. Peer to Peer (P2P) currency swap isn't new, it goes on amongst acquaintances, colleagues and friends. More recently, WhatsApp and other social media platforms have been used to facilitate P2P currency swaps. These however come with limitations around Trust, Privacy and Trade volumes.
www.iris-ng.com is here to eliminate these challenges, and redefine P2P currency swaps. The secure platform allows users maintain their privacy, agree rates that are suitable to them, receive funds without the fear of being scammed and trade with multiple peers where required.Show Less
We see a future where we are the #1 currency swap platform in Africa. By providing a platform that is accessible, intuitive, and secure.
Charity begins at home and our primary mission now is to provide a very simple platform which allows Nigerians swap currency, quickly, efficiently and cost effectively.
The best and most effective values are often the simplest. Our values are:
Confidence: our transparent processes inspire confidence around the transaction and security of funds.
Privacy:Our customers can transact without intrusion
Efficiency:Transactions are completed at the speed of the customer and void of unnecessary delays.
How Iris P2P Works
Search for a Swap partner with preferred swap rate
You can see buyers and sellers based on their currency needs and preferences and agree on the swap rate.
Initiate Transaction
The buyer will then initiate the transaction by sending the funds to IRIS account through the agreed upon payment method
Release of funds
Once the IRIS confirms receipt of the funds, they will release the agreed upon amount of the other currency to the seller.
Confirm transaction
Both parties will need to confirm the completion of the transaction through the P2P exchange platform.
Partners
Iris partners with seasoned compliance experts, global payment processors, and bank identity providers.
Resources
Contact Details
+234-817-946-9534
info@iris-ng.com