Friday, June 9, 2023

Nigeria’s Digital Currency

By DAC000 , in CBDC , at October 27, 2021 Tags:

The eNaira was unveiled, with some 33 banks onboard. Note this doesn’t replace the physical Naira, rather it is intended to complement and be used alongside the currency. About a two minute read.

Comment: it seems developing nations are rushing to adopt cryptocurrencies and deploy Central Bank Digital Currencies, while developed (with the exception of China, who I do consider developed) are still mulling about in a confused manner.