Saturday, 6 November 2021

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as the e-naira app’s brief removal from Google Play Store appears to lend credence to claims the CBN may have rushed to launch what is in fact Africa’s first CBDC. Although a report by the Punch newspaper suggests that the CBN is now working towards the release…

The post Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked appeared first on Technology Manias.



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