Central bank is delayed by E-Naira rollout-emerging markets

Central bank is delayed by E-Naira rollout-emerging markets

A spokeswoman for the Nigerian Central Bank (CBN), Osita Nwanisobi, said that the introduction of the much-hyped digital central bank currency E-Naira (CBDC) had now been postponed to a later date. Nwanisobi's announcement was made less than 24 hours before the planned introduction of the digital currency by the CBN.

start date collides with Nigeria's independence day

in a facebook-post which reveals the reasons for the reverence, Nwanisobi indicates the collision of the start date of the CBDC on the day of independence. According to the post, the spokesman said:

The planned unveiling on October 1, 2021 has now been postponed due to other important activities to commemorate the 61st anniversary of the independence of the country.

Despite this shift, however, Nwanisobi assures the Nigerians that the CBN and its partners "work around the clock to ensure a smooth process". According to CBN-Post and Nwanisobi, this is done "to the overall benefit of the customer, especially in rural areas and the population without bank details".

Not all banks are ready

In the meantime, in his response to suggestions and fears, Nwanisobi admits that some banks are not yet ready for the e-naira that "not all bank customers should start with the transaction on the day of the introduction". According to reports, the spokesman assured the financial institutions in Nigeria that they "remained key players and that they were an important part of the digital currency of the central bank (CBDC)".

as before from Bitcoin.com news has reported the nigerian routine to the start date of CBDC is reminiscent. However, just a few days before the start, a local payment company The CBN registered brand violated. The company now wants the country's Supreme Court to force the CBN not to use the term "enaira".

In his Facebook declaration, Nwanisobi does not recognize the existence of the lawsuit against the CBN, nor is he trying to deal with it Speculation of the technical partners of the central bank please Inc.

Instead, the speaker complains that the E-Naira will enable Nigerians to carry out peer-to-peer transfers on the e-naira money exchange from another person and to pay for goods and services from selected dealers.

Are you surprised by the decision of the CBN to postpone the start of e-naira? You can share your views in the comment area below.

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