Nigeria

About NGNT Wallet Developers Exchange Digital Naira for the digital age Nigerian Naira Token (NGNT) is a stablecoin pegged 1:1 to the Nigerian Naira issued using blockchain technology meaning it's available to everyone anywhere What is NGNT? NGNT is a 100% collateralized Nigerian Naira stablecoin issued on the Stellar network. These are a few things you can do with NGNT: Send and receive NGNT globally Trade NGNT for digital currency Accept NGNT payments internationally Transfer NGNT into your bank account Convert to NGNT from your bank account What are stablecoins? Stablecoins are blockchain powered digital tokens that take the benefits of open, borderless digital currencies and giving them the price stability of traditional fiat currency held in reserve for an issued stablecoin token. ‍ Stablecoins operate on blockchain networks so anyone with an internet connection can send or receive value globally in minutes while stability in price is achieved by typically backing the stablecoin with fiat currency. Uses of stablecoins Payments Remittances eCommerce Financial applications NGNT is redeemable or issued on a 1:1 basis for Nigerian Naira. Now financial institutions and startups can now add digital Naira payments knowing each NGNT is backed and held in a segregated bank account and with a growing ecosystem products and services like trading, remittances, payments and lending are now integrated into NGNT. Benefits of NGNT NGNT facilitates fast, secure and low-cost international payments that settle in minutes at the fraction of the cost of traditional payment rails. NGNT allows financial institutions and startups deliver next generation business services facilitating payments for: B2B payments Trade finance Online marketplaces Revenue Model Fees are charged for converting Naira to NGNT and redeeming NGNT to Naira Fully reserved and built on Stellar NGNT is issued on the Stellar network and 100% backed and redeemable on a 1-to-1 basis for the Nigerian Naira Transparent NGNT is issued on the Stellar network and 100% backed and redeemable on a 1-to-1 basis for the Nigerian Naira Cross-border B2B payments Facilitates low-cost international payments as compared to traditional rails API Next generation Internet payments with NGNT API integration Redeem in minutes Fiat to digital and digital to fiat in 60 seconds Cowrie Integrated Systems Limited is a UK based FINTECH group specializing in Pan African cross-border payments using blockchain and cloud technology. Contact Us Blog Terms of Service Privacy Policy KYC/AML © 2020 Cowrie Integrated Systems Limited. All rights reserved.