Built to send from Canada to South Africa, Kenya, Ghana, Rwanda, Senegal, Côte d'Ivoire or Zimbabwe in 3–5 seconds of routing and roughly five minutes to settle. One flat price, one disclosed FX margin, one receipt you can check on-chain.
Not yet open to the public. Coynitt cannot accept customer funds until its FINTRAC MSB registration is approved.
Illustrative quote. Not a live rate.
You see the flat fee, the send fee and the FX margin before you confirm. The rate holds for sixty seconds.
The routing engine reads live corridor conditions and chooses the path — including the fallback if the first one degrades.
Value moves on Coinbase Base L2 and the transaction is recorded with a receipt hash you can check.
The local partner pays into mobile money or a bank account and the recipient gets an SMS in their own language.
Siphe's mother needs CAD 300 for a clinic deposit before the ward opens. On a bank wire she would fill a form on Wednesday, pay $28.50 in stacked fees, and hope the money cleared before Friday. She sends it from her phone during dinner instead.
Her mother's phone buzzes before the plates are cleared. Siphe keeps the receipt hash in the app, alongside the twelve she sent before it.
A worked example, not a customer record. Coynitt has not yet opened to the public.
Most routing in this industry is a static lookup table. Ours reads the state of the corridor at the moment you press send — liquidity, payout-partner health, chain conditions, cut-off windows — and picks the path that actually lands, then explains the choice on your receipt.
How AI-Routing works →Which partners can actually pay out this amount, right now, in this currency.
Local banking windows and holidays, so nothing sits parked overnight.
A second and third path chosen in advance, in case the first one degrades mid-transfer.
The reason for the chosen path is written to the receipt in plain language.
$0.99 flat, 2% of the amount you send, and a 0.6% FX margin on the converted amount. On CAD 300 that is $8.75 — 2.92% all-in. There is nothing else.
Your bank hands the payment to correspondent banks that each take a turn and a cut. We settle value on-chain and hand the last mile to a local payout partner.
No. They receive local currency into mobile money or a bank account. The chain is the plumbing, not the product.
At launch, CAD 5,000 per transfer and CAD 15,000 per month per verified sender, with higher tiers on request once source-of-funds documentation is on file.
It is refunded to your wallet in full, including the fee, and the failure reason is written to the receipt. No transfer sits in limbo without a status.
Nigeria, Tanzania, Uganda and Zambia are in partner conversations. Waitlist members vote on the order.
Not yet. Coynitt's FINTRAC MSB registration is Approval Pending, and we will not accept customer funds until it is approved. Join the waitlist and we will email you the day it opens.
Our FINTRAC MSB registration is Approval Pending, and we're running partner sandbox testing. Drop your email and we'll send you an early-access invite the day Coynitt opens — before we tell anyone else.
