Sun 24 October 2021:
Nigeria’s central bank announced on Monday that the eNaira, a digital currency, will be launched on Monday, months after prohibiting banks and financial organizations from dealing in or facilitating cryptocurrency transactions.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that the eNaira will function as a wallet for users to save current funds in their bank accounts.
“The eNaira therefore marks a major step forward in the evolution of money and the CBN is committed in ensuring that the eNaira, like the physical Naira, is accessible by everyone,” the bank said in a statement.
Bitt Inc, based in Barbados, has been appointed as a technical partner in the development of the eNaira by Nigeria.
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