Nigeria's E-Naira Gains Momentum, Tackles Influence of Volatile Cryptos
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blockchain.newsNigeria's further efforts to curb the influence of cryptocurrencies have begun to bear fruits, as its introduction of a centralised digital currency eNaira has lured about half a million users within three weeks.
The adoption rate for the Central Bank of Nigeria digital currency has shown an upward trend. More than 488,000 people have downloaded the consumer wallet — that’s needed to transact eNaira — while about 78,000 merchants from more than 160 countries have enrolled, according to eNaira spokesperson, Osita Nwanisobi.
President Muhammadu Buhari stated that the national digital currency is designed to complement Nigeria’s physical currency, not replace it.
Nigeria became the first African country to officially roll out a Central Bank
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