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: "Nearly 18 months on, however, eNaira has failed to achieve any of those goals. In fact, digital currency users in Nigeria are now questioning why it even exists.

“The eNaira isn’t as sophisticated, independent, and flexible as the regular cryptocurrencies,” Abdulrahman Akanni, a crypto user, told Rest of World. “It couldn’t compete, and so, was dead on arrival. A layman’s analogy will be the government asking me to drive a 2000 Corolla and abandon the latest model of Mercedes-Benz that I can afford. That is just not possible.”

As of October 2022, fewer than 1.15 million Nigerians, or roughly under 0.5% of the country’s population, had used eNaira, according to Bloomberg. Earlier this month, officials from the Central Bank of Nigeria (CBN) told reporters that only about 1.4 million transactions had been conducted on the eNaira platform since its inception."

restofworld.org/2023/nigeria-d

#africa #nigeria #digitalcurrencies #enaira

Last updated 1 year ago

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When pizza became the unsung hero of Bitcoin’s history: A cheesy celebration - Join the cheesy celebration and learn how Bitcoin Pizza Day shape... - cointelegraph.com/news/bitcoin ’shistory

#bitcoinpizzaday #pizzatransaction #bitcoin #cheesycelebration #digitalcurrencies

Last updated 1 year ago