Stellar Network connects to Nigerian banking sector through Cowrie Exchange

Cowrie exchange offers easy cross border payment services for Nigeria. The entire system is powered by the Stellar and their token NGNT.

Lisa Nestor from SDF (Stellar Development Foundation) recently hosted a webinar with Cowrie exchange. Here is the YouTube video.

NGNT is a token issued on the Stellar network and can be traded on, and other Stellar exchanges.

We can easily see why NGNT chose Stellar network for making payments. Users from anywhere around the world can make full-settled payments in less than five seconds.

Pair that with the near-zero transaction fees and rock-solid dependability of Stellar architecture, it was quite evident that Cowrie would have chosen Stellar network anyway.

There is no need to worry about miners and unstable block times when dealing with Stellar ecosystem.