Nigeria launches its own digital currency
ENaira is expected to make financial transactions easier for all segments of society
25.10.2021 - 10:05
786
1 min
0
What's new? The Nigerian authorities are going to launch the digital currency of the country's Bank (CBDC) — ENaira on Monday, October 25. This is stated in the press release of the Central Bank.
What do the authorities say? The Central Bank of Nigeria believes that the new tool “will make financial transactions easier and smoother for all segments of society.”
The financial regulator notes that it will continue to develop eNaira in order to ensure trouble-free operation of the system for all customers, in particular, in rural areas of the country and for people who do not have a bank account.
What is known about ENaira? At the end of September, the Federal High Court of Nigeria had approved the issue of the national digital currency. Initially, the launching of CBDC was scheduled for the first days of October. However, it was postponed due to the celebration of the 61st anniversary of Nigeria's Independence on October 1.
The bank restrictions and fear of the devaluation are pushing Nigerian citizens to use cryptocurrency more widely in payments, while the authorities are trying to break this trend of distrust. The paper naira is now at its lowest level since 2003.
Useful material?
Telegram 
Twitter Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$76 115
BTC
+0.88%
-
Ethereum
$2 913.37
ETH
+5.68%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.556657
XRP
+2.75%
-
Dogecoin
$0.194878
DOGE
-2.44%
-
Cardano
$0.416504
ADA
+13.84%
-
Bitcoin Cash
$382.45
BCH
+0.3%
-
Polkadot
$4.19
DOT
+1.69%
-
Litecoin
$72.46
LTC
+1.39%
-
Stellar XLM
$0.102415
XLM
+5.33%