#Africa #Nigeria #DigitalCurrencies #eNaira: "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."

https://restofworld.org/2023/nigeria-digital-currency-failing/

Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg - The number of eNaira wallets has jumped more than 12-fold to 13 million since October. - https://www.coindesk.com/policy/2023/03/22/nigerias-enaira-wallet-use-transactions-climb-amid-cash-shortages-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #enaira #news #cbdc

Nigeria Sees Major Jump In CBDC eNaira Adoption Amid Cash Shortages - The Nigerian economy’s cash shortage has suddenly changed the fortunes of the coun... - https://coingape.com/nigeria-sees-major-jump-in-cbdc-enaira-adoption-amid-cash-shortages/ #24/7cryptocurrencynews #nigeriacbdc #enaira

Central Bank of #Nigeria [CBN] in Talks With A U.S. Company [again] to Revamp the #eNaira

"The federal government of Nigeria through the CBN is currently in talks with a New York-based tech firm [R3?], to develop a new and improved system to manage the country’s digital currency."

https://www.tekedia.com/central-bank-of-nigeria-in-talks-with-a-u-s-company-to-revamp-the-enaira/

Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg - The central bank wants full control of eNaira, and is in early talks with blockchain plat... - https://www.coindesk.com/policy/2023/02/21/nigerias-central-bank-in-talks-with-blockchain-platform-r3-for-cbdc-revamp-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #enaira #news #cbdc

Digital Pound Could Be a New Form of Payment: UK Finance Minister - According to reports, the Bank of England has resolved to develop the Di... - https://dailycoin.com/digital-pound-could-be-new-form-of-payment/ #zzzeditorspicks #unitedkingdom #digitalpound #blockchain #zz_popular #zzznative #adoption #zz_index #europe #policy #zz_top #enaira #cbdc

Nigeria to Introduce Bill That Recognizes the Use of Cryptocurrency - Nigerian lawmakers are drafting legislation allowing cryptocurrency use.... - https://dailycoin.com/nigeria-to-introduce-bill-that-recognizes-the-use-of-cryptocurrency/ #cryptoregulation #zzzeditorspicks #regulations #marketnews #zz_popular #zzznative #zz_index #nigeria #africa #zz_top #enaira #cbn #sec

Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC - The limits set by the Central Bank of Nigeria are part of a broad... - https://cointelegraph.com/news/nigeria-bans-atm-cash-withdrawals-over-225-a-week-to-force-use-of-cbdc #emefiele #mustafa #enaira

Another Big #cbdc Flop… Here’s What Really Comes Next (Hint: It’s Not What the Elites Hoped For).

#enaira

https://www.lewrockwell.com/2022/11/no_author/another-big-cbdc-flop-heres-what-really-comes-next-hint-its-not-what-the-elites-hoped-for/

Nigeria introduces eNaira after a one-month delay https://cryptoplayboys.blogspot.com/2021/10/nigeria-introduces-enaira-after-one.html?spref=tw #Nigeria #enaira #cryptocurrency #crypto