ENaira launch.

[Issa56]

The long-awaited digital currency, eNaira, has finally been launched on October 25, 2021. It is a digital currency issued by Nigeria's central bank that also functions as a form of money. ENaira can be used as a means of exchange as well as a store of value, and it simplifies retail payments.
Nigeria become the sixth country in the world to introduce a centralized national electronic money after President Muhammadu Buhari announced the launch of e-naira on 25,10,2021 . The Nigerian eNaira, which uses an e-wallet, can be linked to account number.
ENaira application can be easily downloaded on playstore with the following link: https://play.google.com/store/apps/details?id=ng.gov.cbn.speed.wallet.temp

Nigeria’s eNaira goes live after official launch by Buhari
The CBDC’s digital currency app and its merchant wallet are now live and available for download.
Nigeria’s central bank digital currency (CBDC), the eNaira, has gone live after an official launching by President Muhammadu Buhari on Monday.

The launch took place at the State House in Abuja. An earlier plan to unveil the digital currency on October 1 was shelved.

Nigeria is one of only a few countries in the world to develop an official digital currency.

The eNaira was developed by fintech company Bitt, which is also behind the creation of CBDC in some East Caribbean countries.

At the launch Monday, the Central Bank of Nigeria governor, Godwin Emefiele, said 500 million eNaira ($1.21 million) has already been minted.

The CBDC’s digital currency app and its merchant wallet are now live and available for download.

The two apps, eNaira speed wallet and eNaira merchant wallet, are now available on Google playstore and Apple store.

A notice on the enaira website gives details into how the currency and the wallet will work.

“Get Ready With Your Accurate BVN Data For Your Hitch-Free Enrolment,” it says.
“To sign-up on the eNaira speed wallet, you would be required to input the following details exactly as captured during your BVN enrollment.

“First Name, Last Name, Date of Birth, State of Origin, and Email.

Sources link: https://www.premiumtimesng.com/news/headlines/491610-nigerias-enaira-goes-live-after-official-launch-by-buhari.html

[Bitcoin_Arena]

This post has nothing to do with Beginners and help. It should be moved to altcoin discussion board


If I recall correctly, didn't your Government ban Bitcoin and other cryptocurrency transactions a few months ago?
What's the point of the new digital currency, then?

Personally, If I was from Nigeria, I wouldn't be excited about the new development at all. It's no different from the fiat you have been trying to avoid. There are reasons people specifically want to use cryptocurrencies. One of them is privacy.

[Upgrade00]

If I recall correctly, didn't your Government ban Bitcoin and other cryptocurrency transactions a few months ago?
What's the point of the new digital currency, then?

Yes, the country banned banks from engaging in Bitcoin transactions and thinks that by creating an alternative, users would drop the other and use theirs or it could be a justification that the citizens were given an alternative, regardless of the exact reason it is not one which is of any benefit to the country as it functions no different from our actual fiat currency.

Personally, If I was from Nigeria, I wouldn't be excited about the new development at all. It's no different from the fiat you have been trying to avoid. There are reasons people specifically want to use cryptocurrencies. One of them is privacy.

Most Nigerians aren't excited about using them.