The terms, in plain words

Kova is a dollar wallet and a shop till, built on Monad. This page says what you can expect from Kova, and what Kova expects from you.

Last updated 8 November 2026

The short version

Your wallet, your keys
Kova never holds your money. Your passkey approves every payment, and only you have it.
Payments are final
A payment settles on Monad in about a second, and nobody can reverse it, including us. Check who you’re paying.
Partners do some parts
Buying with a card, naira in and out, and deposits from other networks are run by partners, under their own terms.
Ask us anything
Email hello@mykova.app. A person reads every message.

Using Kova

Who we are: Kova is made by Quill Labs. These terms are between you and Quill Labs when you use Kova’s app, website or API. Using Kova means you accept them.
Who can use Kova: You must be 18 or older and allowed to use these services where you live. Businesses must be run by someone who can act for them.
Your wallet and keys: Your wallet is yours: its keys come from your passkey, which stays on your device or in your password manager. Kova can’t move your money without your approval, and can’t recover it if you lose every passkey and backup. Keep your devices and passkeys safe.
Your dollars: Your balance is AUSD, a dollar stablecoin issued by Agora, on the Monad blockchain. Kova doesn’t issue it and isn’t a bank: your balance isn’t a bank deposit and isn’t insured by any government scheme.
Payments: Every payment you approve settles on Monad and is final. Kova pays the network fee for you. If you pay the wrong person or address, we can’t undo it; ask them to send it back.
Fees: Kova shows any fee before you approve. Partners may charge their own, shown in their checkout before you pay. Exchange rates for naira are shown before you confirm.
Partners: Some parts of Kova are run by licensed partners: MoonPay and Ramp Network for buying with a card or bank, PAJ and Paystack for naira in and out, Nuvion for cash-outs to banks abroad and the dollar card, and Relay for deposits from other networks. They may ask for your ID or other details, under their own terms and privacy policies. We aren’t responsible for their services, but tell us if something goes wrong and we’ll help.
Identity checks and limits: Cashing out to a bank abroad and the dollar card need a one-time ID check by Nuvion, and a cash-out abroad goes out from your own verified account there, in your name. Kova and its partners may ask who you are, set limits, or pause or refuse a payment or cash-out where the law asks us to. Some services aren’t open in some countries, including countries under sanctions.
Keys you share: An allowance, an AI agent or a teammate can pay from a key you make, up to the limits you set. You’re responsible for what those keys pay within their limits; Monad stops each key at its limit.
Kova for Chrome: The browser extension gives each website you choose its own budget, a key with a limit you approve with your passkey or Google. A site can pay from its budget and never from the rest of your balance. You’re responsible for what you let a site pay; freeze or remove a site any time.
Shops: If you sell with Kova, you’re responsible for what you sell, your prices, refunds and your taxes. Payments reach your wallet directly.
Savings: Where Savings is open to you, it moves the dollars you choose into a partner’s vault, held in your name, and back when you ask. What it earns changes and isn’t a promise. A vault can lose money or pause withdrawals for a while, and the Savings screen says when a vault is new or hasn’t been audited. Moving in and out takes one signature, and Kova covers the fee.
Stocks: Buying stock tokens in Kova is paused. If you hold xStocks (tokens issued by Backed that track a company’s share price), you can still swap them back to dollars where it’s allowed. They aren’t shares and their price can fall. They aren’t available to US citizens, residents or taxpayers, or in the UK, Canada, Australia, the EU and EEA, Switzerland or sanctioned countries. Kova doesn’t issue, sell or recommend them, and nothing in Kova is investment, tax or legal advice.
Test dollars and betas: Test dollars on Kova’s test network have no value and can’t be cashed out. Beta features, like the iOS TestFlight app, may change or stop.

What isn’t allowed

Anything illegal where you or the other person are, including fraud, scams and money laundering.
Getting around sanctions, or paying people or places under sanctions.
Breaking your country’s rules on moving money in or out of it, or using Kova to get around a bank’s or a partner’s checks.
Pretending to be someone else, or using someone else’s wallet or card without permission.
Abusing free test dollars, or trying to break, overload or get around Kova’s limits and security.

We may pause or close access to Kova’s services for anyone who breaks these terms, and tell the authorities when the law requires it. Your wallet and its money stay yours.

The rest

Things outside our control

Kova is provided as it is. To the extent the law allows, we aren’t responsible for losses from lost passkeys or devices, payments to the wrong person, a partner’s service, an outage of Monad or another network, or changes in the value of AUSD or any token.

Changes to Kova

We may add, change or pause features, including for safety. If a change matters to you, we’ll say so in the app first when we can.

Changes to these terms

When these terms change, the date at the top changes too. Using Kova after that means you accept the new terms.

Stopping

You can stop using Kova at any time. Your wallet stays yours on Monad. To have your data deleted, see our privacy policy.

Problems

Tell us first, at hello@mykova.app. Most problems are fixed by email, and we’ll always try that before anything else.

Questions about these terms?

Email hello@mykova.app. A person reads every message.