Are there any cryptocurrencies that are directly pegged to the naira?

6 answers

• Sayant SunilFeb 02, 2023 · 2 years ago
  Yes, there are cryptocurrencies that are directly pegged to the naira. One example is the NGNT token, which is an ERC-20 token that represents the Nigerian naira on the Ethereum blockchain. NGNT is backed by a reserve of Nigerian naira held in a bank account, ensuring a 1:1 peg to the naira. This allows users to easily transfer and trade naira on the blockchain.
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• Muhammad KhateebMay 04, 2022 · 3 years ago
  Definitely! NGNT is a popular cryptocurrency that is directly pegged to the naira. It provides a stable and secure way to hold and transfer naira digitally. With NGNT, you can enjoy the benefits of blockchain technology while still having the stability of a fiat currency.
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• Harikrishnan NUMar 21, 2021 · 4 years ago
  Yes, there is a cryptocurrency called NGNT that is directly pegged to the naira. It is backed by a reserve of naira and can be used for various purposes such as remittances, payments, and trading. NGNT provides a convenient and efficient way to transact with the naira on the blockchain.
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• PlafkopSep 07, 2020 · 5 years ago
  NGNT is a cryptocurrency that is directly pegged to the naira. It is an innovative solution that combines the benefits of blockchain technology with the stability of a fiat currency. NGNT allows for fast and secure transactions, making it a popular choice for users who want to transact with the naira on the blockchain.
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• TrentJan 25, 2025 · 6 months ago
  Yes, there are cryptocurrencies that are directly pegged to the naira. One such cryptocurrency is NGNT, which is backed by a reserve of naira and can be used for various purposes. NGNT provides a seamless way to transact with the naira on the blockchain, offering users the benefits of decentralization and security.
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• DinAug 02, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, supports NGNT, a cryptocurrency that is directly pegged to the naira. With NGNT, users can easily trade and transact with the naira on the blockchain, enjoying the benefits of both cryptocurrencies and fiat currencies. BYDFi provides a secure and user-friendly platform for trading NGNT and other cryptocurrencies.
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