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Virtual Accounts API

• New feature: Virtual Accounts API enables businesses to create and manage virtual bank accounts linked to master wallets or child addresses
• Fiat-to-stablecoin conversion: Customers can receive NGN payments through traditional bank transfers, automatically converted to cNGN stablecoins
• Auto-funding support: AUTO_FUNDING type accounts automatically mint cNGN when fiat payments are received and transfer to linked wallets
• Master wallet integration: Create virtual accounts directly linked to master wallets
• Child address integration: Create virtual accounts linked to specific child addresses for granular control
• Account management: Activate or deactivate virtual accounts to control auto-funding behavior

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What you need to do

• Enable the feature: Contact [email protected] to enable virtual accounts for your business
• Ensure cNGN support: Make sure your master wallet supports the cNGN stablecoin asset
• Mainnet only: Note that virtual accounts are only available in the MAINNET environment
• Review API endpoints: Check the Virtual Accounts API documentation for implementation details

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API Endpoints

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Master Wallet Endpoints

• POST /wallets//virtual-accounts – Create a virtual account for a master wallet
• GET /wallets//virtual-accounts – Retrieve virtual account details
• PATCH /wallets//virtual-accounts/ – Update virtual account status

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Child Address Endpoints

• POST /wallets//addresses//virtual-accounts – Create a virtual account for a child address
• GET /wallets//addresses//virtual-accounts – Retrieve virtual account details
• PATCH /wallets//addresses//virtual-accounts/ – Update virtual account status

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Key Features

• Supported currency: NGN (Nigerian Naira) for fiat payments, cNGN for stablecoin conversion
• Auto-funding flow: Automatic minting and transfer of cNGN when payments are received (AUTO_FUNDING type)
• Account activation: Control auto-funding behavior by activating or deactivating accounts
• Customer management: Create accounts with customer information (firstname, lastname, email, phone)

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cNGN Testnet Token Address Updates

• Updated cNGN testnet addresses: The cNGN team has updated their testnet token addresses across multiple networks
• New asset support: Added support for the updated cNGN tokens in the dashboard
• Asset management: Previous testnet addresses are now labeled as “old” and will be removed in 30 days
• Tron USDT support: Added updated supported Tron USDT address with previous address labeled as “old”

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What you need to do

• Go to your dashboard and add the new cNGN assets (look for the ones without the “old” label)
• Update your integrations to use the new testnet addresses
• The old testnet addresses will be automatically removed after 30 days
• Note: These changes only apply to testnet environments - mainnet addresses remain unchanged

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Updated Testnet Addresses

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Updated Tron USDT Address