pull down to refresh
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.
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
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 Nigeriahttps://www.bloomberg.com/news/articles/2022-07-19/lenders-are-thwarting-digital-currency-s-adoption-in-nigeria
See also this post, here on SN:
Visualized: The State of Central Bank Digital Currencies#63262https://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#61740https://www.bloomberg.com/news/articles/2022-08-18/nigeria-seeks-to-boost-e-naira-users-10-fold-as-cryptos-growhttps://archive.ph/Twvt3
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.
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.
#40075
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
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