Terms of service

Who we are

CrAza Technologies Limited (RC 9932233) is a private company limited by shares, incorporated in Nigeria under the Companies and Allied Matters Act 2020, with its registered office at 1, Antarex off Okoribi, Uwvie, Asaba, Delta State, Nigeria. It develops and operates the CrAza application. These terms govern your use of it, and take effect when you first use it. In development. Mobile app launching soon.

What the service does

CrAza is software. Through it you can pay participating Nigerian shops in naira from a balance denominated in a US-dollar stablecoin. That balance is held by a licensed third-party custodian, not by us, and the naira is paid to shops by a licensed Nigerian payment provider, not by us. We record your payment instructions, pass them to those partners, and show you and the shop their status.

We are not an exchange, a bank, a bureau de change or a money transfer operator, and we do not hold customers’ or shops’ money. You cannot buy or sell digital assets through CrAza, and you cannot withdraw naira to your own bank account. A balance may be spent at a shop. Sending it out as the asset itself, to an address you control, will be available once withdrawals open.

Prices and charges

Before you confirm any payment we show you the naira amount and the rate it is based on. That is the price, with everything included; confirming is your agreement to it, and nothing is added afterwards. We are paid for our software by the licensed partners, under our agreements with them. A shop receives the full naira amount of the sale and is charged nothing.

Payments are final

A confirmed payment cannot be reversed. If something has gone wrong with a purchase, that is a matter between you and the shop. Contact us and we will help where we can, but we are not a party to what you bought.

Your account

Keep your PIN and your phone secure. Tell us immediately at hello@craza.app if you believe someone else has access. We may suspend an account where we suspect fraud, where we are required to, or where these terms are broken.

Shops

A shop must register a Nigerian bank account in its own or its owner’s name, which we verify before approving it. Shops are responsible for the goods and services they sell and for their own tax and regulatory obligations.

Risk

The value of a stablecoin balance is not guaranteed by us. Networks, custodians and payment providers we depend on can be delayed or unavailable, and a payment or payout may take longer than usual as a result.

Changes and law

We may change these terms and will say so in the app when we do. They are governed by the laws of the Federal Republic of Nigeria.