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Nigeria
Bitt CEO on Developing Nigeria's Central Bank Digital Currency 'eNaira'
Nigeria has become the first African country to roll out a central bank digital currency (CBDC). The Central Bank of Nigeria (CBN) worked with blockchain and payments startup Bitt Inc. to launch the eNaira. Bitt CEO Brian Popelka shares insights into the partnership and eNaira's use cases. Plus, implications for privacy and financial inclusion.
Nigeria’s Central Bank Digital Currency eNaira Goes Live
The official unveiling of the eNaira, Nigeria’s central bank digital currency (CBDC), happened Monday. It is designed to complement the country's physical currency, not replace it, according to an official announcement. This comes as Nigeria banned crypto transactions within its banking sector in February. "The Hash" panel discusses the latest digital payments momentum from Nigeria signaling further control of the money supply, and the wider outlook for CBDCs at large.
Nigeria’s eNaira CBDC Goes Live
The eNaira was developed by fintech company Bitt, whose digital currency management system is also behind the Eastern Caribbean Central Bank’s CBDC.
Nigeria Central Bank Launches CBDC ‘eNaira’
Nigeria’s central bank digital currency (CBDC), the eNaira, is live following an announcement by President Muhammadu Buhari Monday. Olumide Adesina, CoinDesk contributor and Nigeria-based certified investment trader, discusses the potential impact of the launch for financial inclusion, privacy, and decentralized crypto.
Nigeria Court Approves CBDC Rollout: Report
The court ruled that the rollout of the CBDC was a matter of national interest and should proceed.
Nigeria to Postpone Its CBDC Launch: Reports
The central bank is delaying the eNaira’s start as the African nation gears up to celebrate the 61st anniversary of its independence, according to two reports.
Nigeria’s eNaira Website Goes Live Ahead of Scheduled October Rollout
The central bank digital currency will be accompanied by a CBN-sanctioned wallet that a user can link to a bank account.
Nigeria’s SEC Establishes Specialist Division to Study Crypto Investments
The country’s markets regulator will oversee crypto once banks are allowed to handle it.
Nigeria’s CBDC: The Good, Bad and Ugly
The possible impacts of an eNaira for financial inclusion, privacy and decentralized crypto.
Nigeria’s Central Bank Taps Bitt to Launch CBDC by Year’s End
The bank is working with the blockchain startup to develop an eNaira digital currency.
