NIRX bulk payment system (NairaX) is developing an encrypted payment processor that can be used on mainstream e-commerce platforms around the world. Professional-based global compliance AI system complies with multiple safety standards, linking enterprises and services together. The NairaX system will allow businesses to transact with NIRX, other cryptocurrencies, and local fiat currencies.
NairaX is legally backed by the fiat currency - Nigerian Naira (NGN) at a ratio of 1:1, ensuring the preservation of NIRX value as a stablecoin. It adopts a model that is resistant to the disadvantages of eroding traditional inflation models.