Facts about the Nigerian E-naira

avatar

The Nigerian government under the administration of President Buhari launched her digital currency yesterday Monday 25th of October 2021.

Facts about the the E-naira

*E-naira will make trading easier and fast as it does not rely on cash.

*The E-naira is solemnly under the control of the Central Bank of Nigeria in conjunction with Bitt itnc.

*Also unlike other currency like Bitcoin, the E-naira does not fluctuate. This means that there's no change in price.

*The E-naira will Also have the same value as the Nigerian Naira.

*Phones without internet service will also have access to E-naira.

*Every individual will have their wallet just like a bank account.

*The process of opening the E-naira wallet is different from the process of opening a bank account.

*Every person is also going to have their different security codes.

*The E-naira is also designed to save more.

{Source}https://www.google.com/search?q=picture+of+E-naira&client=ms-opera-mini-android&channel=new&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjewbOYtOfzAhWHSsAKHdwsBecQ_AUIBigB&biw=360&bih=532#&biw=360&bih=600
images (1).jpg

Posted via proofofbrain.io

prooofbrain leofinance hive ctp cent proofofbrain
0
0
0.000
5 comments
avatar

will it be trustworthy like the other decentralized cryptocurrencies?

0
0
0.000
Reply
avatar

No. The question itself is wrong because it is not decentralized, is it? A small number of entities can decide whether your transaction gets censored or not. It is a "permissioned" ledger. It's not like Bitcoin at all.

0
0
0.000
Reply
avatar

This is big news. It's long term bad news, but big news. I think it will be free to use at first but eventually be used to tax the poorest.

0
0
0.000
Reply
avatar

Congratulations @jessm! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 50 upvotes.
Your next target is to reach 100 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Bee ready for the 2nd Hive Power Up Month challenge!
Trick or Treat - Share your scariest story and get your Halloween badge
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply