Cryptocurrencies
Nigeria’s E-Naira Lures About Half a Million People Weeks After Its Launch
- As many as 488,000 consumer wallets downloaded since October
- Customers conduct transactions valued at 62 million naira
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Nigerian central bank’s digital currency has lured about half a million users three weeks after it was introduced in a move to entice people away from crypto currencies.
Adoption rate for the Central Bank of Nigeria digital currency called eNaira “has been excellent,” according to Osita Nwanisobi, spokesman for the Abuja-based lender. More than 488,000 people have downloaded the consumer wallet -- that’s needed to transact eNaira -- while about 78,000 merchants from more than 160 countries have enrolled, Nwanisobi said by phone.