There are a number of benefits:
- You can instantly swap your “peer to peer digital Nairas” (NGNT) into other currencies, via the decentralized exchange.
- Transfer these assets, instantly and securely, to anyone else who has the DMC App or any other Stellar network wallet.
- Make a deposit or withdraw in the underlying asset. E.g. Deposit Naira in Nigeria, swap into US dollars and withdraw USD in the United States.
- Hold your savings in assets (or currencies) you feel are more secure and have a better chance of appreciating in value and keeping up with inflation.
- Customise your wallet, so you only see the assets you want to, and the balance is calculated in your currency of choice.
- Buy and Sell Bitcoin quickly and easily.
- Make payments at merchants in any currency you choose, using a QR code.
- Pay online for goods and services using any of the assets in your wallet.
- Buy global savings products, from companies like Franklin Templeton Investments for fractions of a cent, which you can instantly transfer to anyone else.
Note: This is a new network, so additional assets are being added all the time and there will soon be far more liquidity.
If you can’t get a price, then just swap into Stellar Lumens (XLM), as this is the most liquid asset on the network.