SHS is a digital representation of the Kenyan Shilling on the blockchain. SHS doesn’t require a bank account. It doesn’t require that you live in a particular geography. And you can send SHS around the world in just a few minutes.
You should use SHS if you’re a cryptocurrency trader or investor who wants a hassle-free and fast way of trading cryptocurrency against the value of the Shilling. All SHS transactions are done on the blockchain so there are no transfer limits or banking delays.
one NGNT is backed by is backed by one Kenya shilling or asset with equivalent fair value, which is held in accounts with Central Bank of Kenya regulated financial institutions.
It is not legal tender. Shiling Token (SHS) is not the Kenyan Shilling. It is digital currency pegged to the value of the Kenyan Shilling.