Nigerian CBDC website goes live, central bank is faced with allegations of trademark violation-emerging countries

e-naira similar to physical currency

an analysis According to the regional news agency, the website had hardly 24 Hours after its live circuit listed more than a million access. According to the publication, such a reaction indicates "interest in the proposed digital currency".

As explained on the website , the e-naira des cbn should serve both as an exchange and as a value. The digital currency will also "offer better payment prospects for retail transactions" compared to cash payments. It is said that E-Naira will accelerate financial integration and strengthen both the local and international trade.

On the other hand, the website repeats the CBN's claim that the e-naira will be similar to the physical Naira. The CBDC is exchanged between colleagues and everyone can hold it.

brand injury

Nevertheless a new test report from Cryptotvplus indicates that the cbdc introduction is now based on a legal contestation from Enaira Payment Solutions against which CBN was submitted could be destroyed. In its challenge, the Enaira Payment Solutions, founded in 2004, insists on the fact that it is the lawful and lawful owner of the Enaira brand.

In order to protect itself from the consequences of this "illegal act" of the CBN, the company therefore called the High Court to obtain an injunction against the central bank. Nevertheless, the company has warned the CBN "to use or specify the name Enaira for its product or in any other way".

Do you agree that CBDCs offer better payment prospects in retail transactions than cash? Tell us your opinion in the comments below.

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