Tanzania is preparing to launch a digital form of its local currency, the Tanzanian shilling, the governor of the Bank of Tanzania said, according to a Bloomberg report.The country will follow in Nigeria’s footsteps and launch its own digital currency, Florens Luoga, announced last Thursday.Nigeria launched its eNaira in October this year, making it the first African country to … [Read more...] about Tanzania Plans to Launch CBDC After eNaira Launch: Report
eNaira
Nigeria’s eNaira stablecoin becomes focus of new IMF report
Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF)eNaira to boost remittanceThe report, authored by economist Jack Ree, explained … [Read more...] about Nigeria’s eNaira stablecoin becomes focus of new IMF report
Nigeria’s eNaira Wallet Nears 500,000 Downloads in First 3 Weeks: Report
More than 488,000 people have downloaded the consumer wallet for Nigeria’s central bank digital currency, the eNaira, according to a Bloomberg report on Monday.Launched on Oct. 25, the eNaira has been used for NGN 62 million ($150,000) in transactions, according to Osita Nwanisobi, a spokesman for the central bank that the Bloomberg story cited. Nigeria has minted about $1.2 … [Read more...] about Nigeria’s eNaira Wallet Nears 500,000 Downloads in First 3 Weeks: Report
eNaira slowly gains traction post-launch amid glitches
The rollout of the world's second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch one, known as The Sand Dollar, the year prior.In a statement quoted by local news outlet The Nation, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said there … [Read more...] about eNaira slowly gains traction post-launch amid glitches
Nigerian president to unveil eNaira central bank digital currency
Nigerian President Muhammadu Buhari is set to officially introduce the country’s central bank digital currency (CBDC), the eNaira.The Central Bank of Nigeria (CBN) has published a document in which it reaffirmed its intention to introduce the eNaira after previously attempting but failing to do so on Oct. 1. According to the design paper for the eNaira, the CBN now considers … [Read more...] about Nigerian president to unveil eNaira central bank digital currency