By issuing tokens backed by Naira on the global, decentralized, Stellar network, Cowrie eliminates costly foreign exchange and transaction fees and slow processing times associated with traditional banking rails.
We developed the Cowrie Exchange platform (COWREX) that uses digital tokens known as stablecoins.
We created NGNT, an asset backed digital token pegged to the Nigerian Naira that enables seamless conversion between fiat and other cryptocurrencies.
COWREX is developed on the Stellar blockchain which is an open-source decentralized network for storing and moving money.
Payments to vendors and suppliers internationally
Intercompany payments over disparate geographic regions
Building custom payment solutions using well documented APIs
Tokenization is the process where real-world assets are made available as a crypto-token on a blockchain.
1. A user transfers Naira to Cowrie’s designated bank account
2. Once the transfer is received this trigger the equivalent NGNT amount to be sent to the user’s NGNT wallet
3. User receives NGNT in their wallet. This whole process takes on average less than 2 minutes to complete!
NGNT can be redeemed for Naira into any Nigerian bank account.
1. A user enters their destination bank account details into their NGNT wallet.
2. Account details are verified.
3. Once user confirms NGNT withdrawal, NGNT leaves the wallet and the destination account credited with Naira in less than 2 minutes!
Client sends Naira into the COWREX platform from their bank account
The Naira is converted to digital tokens then to the destination currency ($ or €) within seconds
The converted currency is sent to the destination bank account
For general enquiries or for information on how to get into the COWREX platform, send us a message using the form below
Cowrie Integrated Systems Limited is a UK based FINTECH group specializing in Pan African cross-border payments using blockchain and cloud technology.
