JUST IN: CBN Introduces e-Naira App, Merchant Wallet

CBN has introduced e-Naira app and merchant wallet.

 

 

Newsonline reports that the Central Bank of Nigeria has finally launched its Central Bank Digital Currency called e-Naira on Monday.

 

BREAKING: President Buhari Officially Launches e-Naira

 

The eNaira was scheduled to be launched on October 1, 2021, but was moved due to a clog of activities billed for Nigeria’s 61st anniversary celebrations.

 

The Digital Currency has two applications – eNaira speed wallet and eNaira merchant wallet, which were launched on the Google Playstore and Apple Store on Monday.

 

A statement on the eNaira website explained the overall function of the currency and its value to Nigeria’s economy.

The statement 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.”