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Nigeria's e-naira CBDC -- “There is apathy”archive.ph/a6mEA
35 sats \ 4 comments \ @KenyaCoin 20 Jul 2022 bitcoin
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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.
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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
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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
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0 sats \ 0 replies \ @KenyaCoin OP 25 Aug 2022
See also this post, here on SN:
Visualized: The State of Central Bank Digital Currencies #63262 https://www.visualcapitalist.com/visualized-the-state-of-central-bank-digital-currencies
as well as this post:
Nigeria Seeks to Boost E-Naira Users 10-Fold as Cryptos Grow #61740 https://www.bloomberg.com/news/articles/2022-08-18/nigeria-seeks-to-boost-e-naira-users-10-fold-as-cryptos-grow https://archive.ph/Twvt3
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