Nigeria's e-naira CBDC -- “There is apathy” \ stacker news ~bitcoin

Nigeria's e-naira CBDC -- “There is apathy”archive.ph/a6mEA

35 sats \ 4 comments \ @KenyaCoin 20 Jul 2022 bitcoin

view all related items

20 sats \ 1 reply \ @nerd2ninja 20 Jul 2022

In the underbanked country of Nigeria, "Currently, the e-naira wallet is available to only bank customers."

Actual clowns. You can't make this shit up.

15 sats \ 0 replies \ @KenyaCoin OP 20 Jul 2022

It is that way because there is the need for cash-in/cash-out service, which the banks provide.

This e-naira was to be rolled out in phases, where mobile money agents are the cash-in/cash-out for the unbanked.

But it won't matter.

As was stated here by the CEO of Nigerian exchange bitnob, ... the e-naira is dead on arrival.

With the amount of resources and influence pushing it, I'd say adoption has been very bad. Terrible.

Even the forced adoption isn't working at the moment. DoA

#40075

0 sats \ 1 reply \ @KenyaCoin OP 20 Jul 2022

The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:

Lenders Are Thwarting Digital Currency’s Adoption in Nigeria https://www.bloomberg.com/news/articles/2022-07-19/lenders-are-thwarting-digital-currency-s-adoption-in-nigeria

0 sats \ 0 replies \ @KenyaCoin OP 25 Aug 2022