Central Bank Of Nigeria Launches eNaira App, Merchant Wallet
The Central Bank of Nigeria on Monday, unveiled the Central Bank Digital Currency, eNaira.
The eNaira, which was earlier scheduled to unveiled on October 1, 2021, was shifted to a new date due to series of activities that overwhelmed the country’s 61st anniversary celebrations.
The digital currency was launched with two applications – eNaira speed wallet and eNaira merchant wallet, which were both uploaded on Google Playstore and Apple Store on Monday.
A statement on the eNaira website which explaining the overall function of the currency and its value to Nigeria’s economy, read;
“eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.
“eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.”
With the launch of eNaira, Nigeria becomes the first African country to have a CBDC.