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What Makes enaira Different From Money In Your Bank Account

by NewsOnline Nigeria
October 25, 2021
in Headline, Economy And Business, Featured
0
eNaira Official Platform Goes Live

The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch.

 

According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money denominated in Naira.”

 

E-Naira Registration 2021 – ENaira App Download – How To Register For E-Naira Wallet | E-Naira Wallet Login

 

Find out what makes the eNaira different from the money in your bank account — according to the apex bank itself.

 

What is eNaira?

eNaira is a central bank digital currency (CBDC) issued by the Central Bank of Nigeria as a legal tender. It is the digital form of the Naira and will be used just like cash.

What is an eNaira wallet?

The eNaira wallet is a digital storage that holds the eNaira. It is held and managed on a distributed ledger.
The eNaira wallet is required to access, hold and use eNaira.

Is eNaira wallet safe?

Yes. The eNaira system uses a two-factor authentication system in addition to cryptographic encryption to ensure the safety of customers’ wallets and the eNaira holding.

 

ALSO: Quick Steps To Start Cryptocurrency Trading In Nigeria

 

How are eNaira wallets created?

For smartphone users, download the eNaira app (termed “Speed”) from either the Google Play Store or Apple Store and complete the registration process.
For feature phone users, utilize USSD codes and follow the registration prompts.

How do I connect my eNaira wallet to my bank account?

The eNaira app allows customers to identify a bank of their choice, connect to their bank accounts and perform transactions.

What makes eNaira different from the money in my bank account?

eNaira is the digital form of the cash and is a direct liability on the Central Bank of Nigeria while the customer deposits are direct liabilities on the financial institutions.

How do I resolve failed transactions or raise enquiries on eNaira?

Reach out to the customer support of the bank you selected when registering for eNaira through their available channels which include: phone, email, whatsapp, etc. Disputes will be resolved as soon as possible.
If issues are not resolved within 48 hours, send an email to CBN’s eNaira Customer Support via helpdesk@enaira.com

What are the different tiers of eNaira wallets that I can open as an individual?

These are different tiers of wallets and they include:

September 2021
TIERSCATEGORYREQUIREMENTDAILY LIMITCUMULATIVE LIMIT
0No Existing Bank AccountNIN verified telephone number20,000120,000
1No Existing Bank Account50,000300,000
2Has an Existing AccountBVN + valid means of identification200,000500,000
3Has an Existing AccountTier 2 requirement + public utility receipt500,0005,000,000

e-Naira Official Website

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