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 crypto-currencies  

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 cryptocurrencies 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