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Understanding the Features

  1. Portal In
    • Concept: Deposit fiat currency (USD, EUR, etc.) and automatically convert it to stablecoins (USDT) within your Shiga Wallet.
    • How It Works: Link your bank account, transfer fiat, and receive crypto at competitive rates—no external exchanges needed.
  2. Portal Out
    • Concept: Convert stablecoins (USDT) back to fiat and withdraw directly to your bank account.
    • How It Works: Initiate a withdrawal, and Shiga handles the conversion and transfer to your linked bank account.

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Why Use Portal In & Portal Out?

  1. Speed & Convenience
    • Skip third-party exchanges—transact directly within Shiga with instant settlements.
  2. Regulated Security
    • Licensed VASP compliance ensures safe, audited fiat gateways.
  3. Cost Efficiency
    • Lower fees than traditional exchanges + optimized conversion rates.
  4. Global Liquidity
    • Supports multi-currency accounts (USD, EUR, etc.) and Pan-African corridors.
  5. Business Scalability
    • Mass payouts (Portal Out) and bulk crypto purchases (Portal In) for enterprises.

Portal In Setup Process
When initiating a PORTAL IN transaction:

  • The system generates a virtual bank account in your name
  • Supported fiat currencies include EUR, GBP, and USD
  • You must specify a settlement stablecoin wallet address
  • Supported blockchain networks: Arbitrum, Base, Celo, Ethereum, Optimism, Polygon, Solana, Tron

3. Wallet Management
The wallet management interface displays:

  • Existing wallet addresses with their associated:
    • SmartChain network (EVM-compatible or Solana)
    • Full wallet address (truncated for security)
    • Default designation status
      Users can:
  • Designate default wallets for settlements
  • Add new wallet addresses with complete verification
  • Select from supported stablecoins (USDT)

4. Currency-Specific Portal Accounts
Each activated currency portal provides:

  • Dedicated virtual account details including:
    • Account holder name
    • Account number
    • IBAN (for EUR accounts)
    • Bank identification codes
  • Important operational notes:
    • Accounts don’t maintain fiat balances
    • Funds automatically convert upon receipt
    • Only accept transfers from same-name accounts

5. Transaction Flow
The conversion process follows clear steps:

  1. Fiat deposit to designated portal account
  2. Automatic conversion to specified stablecoin
  3. Transfer to pre-selected wallet address
    The interface provides:
  • Rate calculation tools
  • Settlement information verification
  • Transaction reference details

Security Recommendations:

  • Always verify wallet addresses before setting as default
  • Only initiate transfers from accounts matching your registered name
  • Regularly review your connected wallets and portal accounts
  • Utilize the rate calculator before initiating large conversions

This comprehensive system eliminates traditional exchange hurdles while maintaining full compliance and transaction transparency.