Today news
About the same in other media
Nigeria: Was e-Naira’s vision of financial inclusion just a mirage?
Reading now: 885
Nigeria celebrated the launch of its central bank digital currency [CBDC] with pomp. It also noted massive adoption within just a couple of days – with 367,000 consumer wallets and over 58,600 merchant wallets downloaded in the first week. However, although these were big numbers, they did not portray the complete picture. The CBDC aimed to bridge the financial gap between and offer services to the under-banked but a report pointed out that nearly 40 million adult citizens will still be left out.
According to reports, the CBDC will not deepen the Central Bank of Nigeria’s [CBN] financial inclusion strategy as was promoted. The biggest hurdle in this was the requirement of having a bank account to access the speed wallet app. There were
Read more on ambcrypto.comAbout this in other media
IMF release reveals its role in Nigeria’s eNaira project launch ambcrypto.com /3 years ago
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud cointelegraph.com /3 years ago
Nigeria: A 43% drop in Bitcoin P2P trading volumes thanks to… ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
