0 sats \ 0 replies \ @KenyaCoin OP 26 Oct 2022 \ on: Nigeria to redesign N200, N500 & N1,000 notes and demonitize old notes Jan 2023 bitcoin
Nigeria's central bank is also making a hard court press to (eventually) become cashless:
CBN Begins Enforcement Of 100% Cashless Economy Today
https://independent.ng/cbn-begins-enforcement-of-100-cashless-economy-today
This includes providing a subsidy for a specific use of the eNaira CBDC:
Shunned CBDC Looks for Street Credibility in Nigeria
#85474
https://www.bloomberg.com/news/articles/2022-10-25/shunned-digital-currency-looks-for-street-credibility-in-nigeria [Archive]
Last week they (Central Bank of Nigeria, or CBN) announced a domestic card payments network:
The CBN wants to create ATM cards, could compete with Mastercard, Visa, and Verve
https://techpoint.africa/2022/10/26/cbn-domestic-card-scheme