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Nigeria Launches CBDC Amid Efforts To Tighten Grip Over Crypto Market
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cryptonews.comNigeria’s President Muhammadu Buhari should launch a central bank digital currency (CBDC) today to enhance the operations of the country’s payments system.
“Following [a] series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed, a cross section of Nigerians, the CBN designed the digital currency,” the Central Bank of Nigeria (CBN) said.
According to the bank, the project will continue "with a series of further modifications, capabilities and enhancements to the platforms."
The eNaira website went live on September 30, one day ahead of its official launch that was previously scheduled for October 1.
The CBN is promoting the new CBDC with the slogan: “Same Naira, more
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