The Nigerian Central Bank wants financial institutions to develop products based on their CBDC - Finance

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Von: Krypto News Österreich

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The Central Bank of Nigeria has announced that the actors in the state's payment industry are developing and introducing products that are based on their digital central bank currency E-Naira.

central bank open for suggestions

In order to deepen the introduction of e-naira, the central bank of Nigeria (CBN) has asked payment service providers, financial institutions and fintech companies to develop and introduce products based on their digital currency.

according to a test report This plea was made by rakiya Mohammed-the director of the information technology department of the CBN-brought up when she turned to financial institutions and fintech companies that took part in the one-day commitment session of the central bank.

During this meeting, Mohammed is also said to have assured the participants that the central bank does not compete with financial institutions or other actors in the payment system. Instead, Mohammed said that the CBN is open to suggestions or ideas that give the E-Naira added value or improve the user experience.

In addition, Mohammed is said to have asked the country's payment service providers to find more innovative ways to support the public in the onboarding process. It also encouraged service providers to develop solutions that support offline-e-naira functions, including maps, wearables, USSD and others.

The goal of the financial integration of CBN

In the meantime it is reported that the CBN encourages the actors of the Nigerian payment industry to support the CBDC because the anti-cryptocurrency governor of the bank, Godwin EMEFISE, is cited by another publication that claims that more people download the e-naira wallet application. He said that since the introduction of the CBDC over a month ago, almost 600,000 of the wallet apps of the digital currency have been downloaded.

However,-just like the director of the bank's information technology-

aefiele pointed out that the support from the financial industry will be of crucial importance if the CBN wants to achieve its goal of accelerating the introduction of the e-Naira by Nigerian without smartphones.

Do you agree that the success of E-Naira depends on the fact that it is supported by financial institutions? You can share your views in the comment area below.

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