Interstellar and Cowrie Announce Partnership on Naira-Crypto Decentralized Exchange.
Fintech Ltd (creators of the popular Interstellar wallet and decentralized exchange), and Cowrie Integrated Systems Limited (a Nigerian based fiat to crypto gateway), today announce a new streamlined Naira to Crypto trading experience.
Cowrie Integrated Systems Limited is an NCC (Nigerian Communications Commission) licensed VAS (Value Added Service) provider. Cowrie launched NGNT earlier in the first quarter of 2018 as an asset backed digital token built on the Stellar decentralized exchange. The NGNT Stellar token is pegged to the Nigerian Naira (NGN) on a 1:1 ratio and it digitizes the Naira giving it the benefits of a decentralized token and traditional fiat.
Fintech Limited launched Interstellar in the last quarter of 2017 as a one-stop secure crypto wallet and decentralized exchange. Amongst other features, Interstellar enabled users to securely deposit, withdraw and trade Bitcoin, Stellar Lumens, Litecoin, Ethereum and Ripple. The Naira backed NGNT token, from Cowrie, is the first fiat gateway integrated directly into the Interstellar wallet and decentralized exchange. Nigerians now have an easy to use user experience to buy and sell cryptocurrencies in exchange for Naira instantly, straight to and from one’s bank account.
Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. Nigeria is ranked as the 30th-largest economy in the world in terms of nominal GDP, and the 23rd-largest in terms of purchasing power parity. It is the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent.
In recent years, Nigerian youth have embraced the growing world of crypto, despite the Nigerian government’s hesitation to fully embrace cryptocurrencies. According to multiple sources, Nigerian youths are trading more than 4.8 Million US Dollars in bitcoin every week! To encourage even more Nigerian youths to participate in the blockchain revolution, Fintech LTD has performed stellar lumen airdrops to hundreds Nigerian teens.
Interstellar has always provided instant, near feeless transactions for all. Now this process is easier for everyone to embrace crypto, opening the market to two hundred million new users.
According to Fintech Ltd’s CEO, Mr. Ernest Mbenkum:
“Integrating the NGNT token inside our Interstellar exchange was simply responding to increasing demand from Nigerians using our popular Interstellar platform. We are happy to help introduce millions of Nigerian to the beautiful world of cryptocurrency and blockchains; introducing them to a world that could change the Nigerian economy forever”.
According to Fintech Ltd’s CTO, Mr. Fritz Ekwoge:
“Interstellar was built from day one to be mobile-first and offline-first, which is a huge deal in Nigeria and neighboring African countries. We are happy to be pioneers in this space.”
According to Ladi Okorodudu, Operations Director at Cowrie Integrated Systems Limited:
“We selected Interstellar because of the quality and intuitiveness of their wallet and decentralized exchange. The integration happened smoothly between both teams and we are happy with the outcome thus far. This is one step forward in our goal to radically change the way Nigerians trade cryptocurrencies.”
For more information on Fintech Ltd and its blockchain solutions, please visit the links below
Website: www.fintech.cm
Email: info@fintech.cm
Twitter: https://twitter.com/fintechcm
Linkedin: https://www.linkedin.com/company/fintechcm/
For more information on Cowrie Integrated Systems Limited, please visit the links below:
Website: http://cowriesys.azurewebsites.net/
Email:info@cowriesys.com
