Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank
For many citizens, the central bank digital currency isn’t easy to use.
Nigeria’s eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
The number of eNaira wallets has jumped more than 12-fold to 13 million since October.
Why Nigerians Aren’t Turning to the eNaira Despite Crippling Cash Shortages
A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues.
Nigeria’s Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg
The central bank wants full control of eNaira, and is in early talks with blockchain platform R3 to develop the technology, according to the report.
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
Nigerians’ passion for crypto is stopping short at the eNaira
With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens.
Think tank launches ‘technical sandbox’ exploring United States CBDCs
The Digital Dollar Project’s Technical Sandbox Program is set to begin in October aiming to provide a clearer understanding of the ramifications of a United States CBDC.
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.
From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world
“We’re also excited that when working with central banks, we can do it in a way that is through regulation and compliance,” says Bitt CEO Brian Popelka.