The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less than two weeks of launch.
This was disclosed by a senior Central Bank of Nigeria (CBN) official to the Financial Times.
The CBN’s embrace of technology to address financial inclusion has gathered praises both from home and abroad. However, there have been some bumps on the road.
What the CBN said
The currency’s first week and a half, according to the senior Central Bank of Nigeria official who spoke to the Financial Times, was a “resounding success,” with roughly 400,000 new wallets registered in dozens of nations and clients making 12,500 transactions worth N46.3 million ($113,000). This success is in spite of customers complaints about a time-consuming sign-up process.
In case you missed it
Africa’s first digital currency made its debut on the 25th of October 2021 and had over 200,000 downloads 24 hours after launch.
A few days after, the eNaira speed wallet disappeared from the Android Play Store, raising concerns among Nigerians. The problem was quickly resolved, however.
The CBN has urged all Nigerians to embrace the eNaira saying that it is more reliable than cryptocurrencies.
CBN’s technical partner, Bitt Inc has announced plans to roll out a new mobile application that allows the unbanked population to access eNaira.
I need money to do business generator part
Wonderful jos
eNaira registration was done successfully, but uptill now no responds yet.
That report is not true…. Enaira is not working. Jeremaih ifeanyi…. Has you tried to download and install the app yourself…. Don’t believe what this people are saying.
I registered after installing the app email activation was not sent until after a week
Then I managed to make a transfer from my wemalat to enaira the money left my wema account for more than 1week I did not see money…
I have to start calling wema to retrieve my money…. It took another 4days for the money to come….
And u are telling me u did. Billions in 2weeks.. Abeg talk another thing