Faremit vs Stabnance (Formerly Softswapp)
Price, ratings, monetisation and update history for both apps, side by side โ with what reviewers say about each.
Faremit
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Faremit is a game changer in traditional remittance methods, offering ease.
Stabnance (Formerly Softswapp)
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Stabnance lets you spend your crypto assets anywhere, anytime โ just like regular cash. Built for Nigerians who hold stablecoins and crypto but need fast, reliable access to Naira and cross-border payments, Stabnance removes the friction of converting digital assets into spendable money. WHY STABNANCE โข Instant conversion โ turn USDT and other stablecoins into Naira in seconds, no waiting on P2P traders or unreliable middlemen โข Cross-border payments โ send money across borders without the delays and restrictions of traditional banking rails โข Secure by design โ your wallet is generated and secured using bank-grade key infrastructure, with KYC verification to keep your account protected โข Regulated infrastructure โ Stabnance operates through licensed, regulated partners, so your funds move through compliant channels, not informal P2P risk โข Built for real use โ whether you're getting paid in crypto, sending money home, or converting savings, Stabnance is designed around how Nigerians actually use digital assets No complexity. No friction. Crypto made simple โ download Stabnance and start spending your crypto like cash.
Screenshots
Verdict
The clearest difference is update cadence: Stabnance (Formerly Softswapp) at every 5 days against Faremit's every 5 weeks. Faremit's advantage is iOS requirement (13.4 vs 15.0). On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price ยท Rating ยท Positive reviews ยท Number of ratings ยท Update frequency ยท Ads ยท In-app purchases ยท Monetization ยท Best chart rank ยท Devices ยท Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Faremit ships an update every 5 weeks, Stabnance (Formerly Softswapp) every 5 days. The most recent releases landed on September 13, 2026 and September 19, 2026 respectively.
| Parameter | Faremit | Stabnance (Formerly Softswapp) |
|---|---|---|
| Price | Free | Free |
| Update frequency | Every 5 weeks | Every 5 days โ better |
| Ads | No | No |
| In-app purchases | No | No |
| Devices | iPhone, iPod | iPhone, iPad, iPod โ better |
| Requires iOS | 13.4 โ better | 15.0 |
| Further details โ not scored | ||
| Size | 29 MB | 62 MB |
| Age rating | 17+ | 4+ |
| Developer | Faremit LTD | Stabnance Global Limited |
In-app purchases
Faremit
No in-app purchases
Stabnance (Formerly Softswapp)
No in-app purchases
Questions
Is Faremit free?
Is Stabnance (Formerly Softswapp) free?
Do Faremit or Stabnance (Formerly Softswapp) have ads?
Which is updated more often, Faremit or Stabnance (Formerly Softswapp)?
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