Nigeria's CBN enhances eNaira with NFC upgrade for contactless payments
The CBN reportedly emphasizes that the latest addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.
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IMF sees room for eNaira improvement in first year assessment
The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.
Nigeria revisits its payments landscape amid sluggish eNaira adoption
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025.
Nigeria aims for millions of new eNaira users as it increases features, targets unbanked
Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC.
From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world
"We're also excited that when working with central banks, we can do it in a way that is through regulation and compliance," says Bitt CEO Brian Popelka.
Federal High Court of Nigeria approves eNaira CBDC rollout
eNaira will continue to circulate alongside its fiat counterpart, however, promising a faster, cheaper, and more secure option for monetary transactions.