Nigerian President Muhammadu Buhari reveals the CBDC of the country - FinTech
Nigerian President Muhammadu Buhari reveals the CBDC of the country - FinTech
The Nigerian President Muhammadu Buhari is expected to officially introduce the country's digital central bank currency (CBDC) on October 25, 2021.
high -ranking support of the CBDC
according to a statement published by the central bank of nigeria (cbn) Official event for the introduction of E-Naira in the official residence of the Buhari. After the first start was due to various factors, the CBN indicates that this time it has done enough to start prepare.
The press release says:
After a series of conversations with relevant interest groups, including banks, fintech operators, retailers and actually a cross-section of Nigerians, the CBN designed the digital currency that is to be activated on Monday, October 25, 2021.
The CBN describes the introduction of e-naira as a big step forward in the development of the money and insists that your CBDC will be available for everyone.
The CBN is supposed to address the challenges that occurred during the implementation
Meanwhile, the explanation adds that the CBN has already created a structure in the awareness that this will be one of the first CBDCs in order to approach all problems that could arise from the pilot implementation.
At the same time, the central bank says that it will continue to work with relevant partners to ensure a smooth process from which all users benefit, especially in rural areas and the population without bank details.
What do you think of using the decision of CBN, President Buhari for the CBDC start? Tell us your opinion in the comments below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons