The governor of Nigeria’s central bank (CBN), Godwin, has confirmed in MPhil that the country’s upcoming digital currency will be launched “in a few days from now”. According to the governor, the digital currency, also known as e-Naira, will be the first of its kind in Africa.
Nigeria will launch CBDC in a matter of days
- Amephile’s assurance for Nigerians postponed CBN’s e-Naira launch to an unknown date.
- Amefil said on Thursday that e-Naira would make CBDC Nigeria “one of the first countries in Africa to adopt digitization of its national currency”.
- As previously reported by Bitcoin.com News, the central bank has claimed that it has suspended the launch of e-Nair as it would clash with the country’s Independence Day celebrations.
- However, some observers have speculated that the delay may be due to a legal challenge brought by a Nigerian firm against the central bank.
- A Nigerian court has since ruled in favor of the CBN, paving the way for the introduction of a digital currency that will be the first in Africa.
- When finally launched, this digital currency is expected to accelerate financial inclusion and enable cheaper and faster remittance flows, according to CBN.
- The introduction of CBDC will also ensure that the central bank maintains control over the monetary system.
- 12 days ago 27 September, the official website of e-Naira in Nigeria which says: “Same Naira. More possibilities ”and that financial transaction would be“ easier ”.
- The website also boasts an e-Naira wallet, which can be downloaded via Google Play for Android and the Apple App Store for iOS devices.
What are your thoughts on this story? Let us know what you think in the comments section below.
Image credit: Shutterstock, Pixabay, WikiCommons