Nigerian central bank launches digital currency in a few days: Godwin Emifil

0


Nigerian central bank launches digital currency in a few days: Godwin Emifil

The Central Bank of Nigeria has announced plans to launch its own digital currency this year.

Abuja: Governor Godwin Emifil said on Thursday that the Central Bank of Nigeria (CBN) will launch its digital currency Einira in a few more days.

He added that this would make Nigeria “one of the first African countries to adopt the digitalisation of its national currency”.

CBN announced plans to launch its own digital currency this year, making it easier for Nigerian banks and financial institutions to transact in cryptocurrencies in February.

Emefiele previously stated that eNaira would act as a wallet for customers to keep funds in their bank accounts, which would expedite fundraising and promote cheaper and faster transfers.

CBN has named Pyrid Inc., a Pyridos-based company, as its technology partner to develop its eNaira.

(This story was not edited by NDTV staff and was created automatically from a syndicate feed.)



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here