Nigeria to Become First Country in Africa to Launch Central Ba | Business Info ETH
Nigeria to Become First Country in Africa to Launch Central Bank Digital Currencies
The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits.
The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.
