Nigeria governments lunch eNaira new digital currency

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President buhari officially lunch e-naira the Nigeria digital currency,the Nigeria Central bank digital currency (CBDC) unveil to the design of eNaira which was lunch by the president

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(source :Twitter )

eNaira was design to complement the Nigeria physical currency not to replace it , following the lunch of eNaira today , Nigeria became the sixth country to lunch centralized online digital currency

Following the likes of Bahamas ,saint kitt,navis ,Grenada ,Antigua ,Barbuda ,saint Lucia

Fintech company called digital company management system (DCMS) was the one reported that develop the eNaira

eNaira speed wallet and eNaira Marchant wallet are the two wallet available to store the eNaira currency and this app are already available on the Google play store and iOS

I hope this will strengthen the exchange and increase the value of naira , because the value of naira keep decreasing everyday ,I hope it will

And I also think this coins should have been decentralized, imagine 200m people decide to own coins in the first day of lunch ,this would have been increase in the value of the coins

Let wait and see how it goes

Thanks

@ajanaku

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Once Nigeria is concern, E-naira will still fail like ordinary fiat naira because when naira went down, Nigeria government don't know what happened,is it on digital currency they will know what happen if the E-naira do the same like naira.

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I can't argue about what you said because I already see some clause in it myself ,it doesn't different from physical naira ,it can also be monitore by the government,that is a big problem

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