Finance News

Story: Stellar Lumens’ (XLM) Principal EU Anchor Tempo Made Payments between Nigeria and Europe…

By Steven Anderson

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Stellar Lumens (XLM) Anchor Tempo

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Cross Border payments between Nigeria and Europe was made easy by Cowrie Exchange and Tempo in 2020.

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Commenting, Sydney Ifergan, the crypto expert tweeted:  “Stellar Lumens (XLM) through their many anchors will very soon become the proxy representative for major and minor…

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Cowrie Integrated Systems are a financial technology company who are facilitating value added services over electronic payment networks. Cowrie issues NGNT tokens.

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Tempo is the principal EU anchor for Stellar Blockchain payments.  Being an electronic payment institution, Tempo does the job of ensuring pricing in terms of foreign…

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Suren Hayriyan, Executive Director at Tempo expressed, “We agreed that we were going to use blockchain technology and specifically this stablecoin only if it would really help…

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Cowrie and Tempo knew the potential of blockchain technology and therefore they decided to build their solution on the Stellar Network.

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It is well known that traditional remittance flow methodologies are very slow and cumbersome, thereby making remittance difficult.

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Tempo has witnessed customers who have been struggling to make international payments.  Tempo is now looking for solutions in a way to work in compliance with stricter…

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While all these are happening, it is very difficult to exchange currencies, which are traded in a low scale in the international market.

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Cowrie Exchange saw this problem with customers who wanted to exchange Nigerian Naira but had no cost-effective way to be doing this.

The Currency Analytics

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