#enaira — Public Fediverse posts

Access to financial services isn't just about convenience; it’s about empowerment. 💪 The eNaira and other digital currencies are set to revolutionize how Africans interact with money, from making everyday purchases to international transfers.

See what Ameh has to say about it and how #WordPress is helping:
https://wpsessions.com/?p=36654
#eNaira #EmpowermentThroughFinance

Financial inclusion is more than just a buzzword; it’s about bridging the gap between the rich and poor by making financial services accessible to everyone, regardless of their status. 🌍 In Africa, some are tackling the challenge with innovative solutions like the eNaira, aiming to bring banking services to even the most remote areas.

Tune in and hear what Ameh has to say about it:
https://wpsessions.com/?p=36654
#InclusiveTech #eNaira #FinancialInclusion

#eNaira Adoption Remains Low, Less Than 1% in Circulation as of March 2024
https://www.tekedia.com/enaira-adoption-remains-low-less-than-1-in-circulation-as-of-march-2024/

Nigeria’s Central Bank Partners with Gluwa to Boost eNaira Amid Global Regulation Changes - Nigeria’s Central Bank has teamed up with the blockchain-powered financial platform Gluwa... - https://cryptonews.com/news/nigerias-central-bank-partners-with-gluwa-to-boost-enaira-amid-global-regulation-changes.htm #blockchainnews #enaira #gluwa #cbn

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption - Adoption of the central bank digital currency pales in comparison to the use of cash in t... - https://www.coindesk.com/policy/2024/03/07/nigerias-central-bank-enlists-gluwa-nigeria-to-boost-enaira-systems-adoption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #enaira #news #cbdc #apis

Just In: Central Bank of Nigeria (CBN) Revokes Banking Restrictions on Crypto Players - The Central Bank of Nigeria (CBN) has relaxed its stringent regulations on virtual... - https://coingape.com/just-in-central-bank-of-nigeria-cbn-revokes-banking-restrictions-on-crypto-players/ #24/7cryptocurrencynews #regulationnews #cryptoban #nigeria #enaira

Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank - For many citizens, the central bank digital currency isn't easy to use. - https://www.coindesk.com/policy/2023/07/26/nigeria-is-altering-enaira-model-to-promote-use-of-the-digital-currency-central-bank/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #crypto #enaira #cbdcs #news

#Africa #Nigeria #DigitalCurrencies #eNaira: "Nearly 18 months on, however, eNaira has failed to achieve any of those goals. In fact, digital currency users in Nigeria are now questioning why it even exists.

“The eNaira isn’t as sophisticated, independent, and flexible as the regular cryptocurrencies,” Abdulrahman Akanni, a crypto user, told Rest of World. “It couldn’t compete, and so, was dead on arrival. A layman’s analogy will be the government asking me to drive a 2000 Corolla and abandon the latest model of Mercedes-Benz that I can afford. That is just not possible.”

As of October 2022, fewer than 1.15 million Nigerians, or roughly under 0.5% of the country’s population, had used eNaira, according to Bloomberg. Earlier this month, officials from the Central Bank of Nigeria (CBN) told reporters that only about 1.4 million transactions had been conducted on the eNaira platform since its inception."

https://restofworld.org/2023/nigeria-digital-currency-failing/

Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg - The number of eNaira wallets has jumped more than 12-fold to 13 million since October. - https://www.coindesk.com/policy/2023/03/22/nigerias-enaira-wallet-use-transactions-climb-amid-cash-shortages-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #enaira #news #cbdc

Nigeria Sees Major Jump In CBDC eNaira Adoption Amid Cash Shortages - The Nigerian economy’s cash shortage has suddenly changed the fortunes of the coun... - https://coingape.com/nigeria-sees-major-jump-in-cbdc-enaira-adoption-amid-cash-shortages/ #24/7cryptocurrencynews #nigeriacbdc #enaira

Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg - The central bank wants full control of eNaira, and is in early talks with blockchain plat... - https://www.coindesk.com/policy/2023/02/21/nigerias-central-bank-in-talks-with-blockchain-platform-r3-for-cbdc-revamp-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #nigeria #policy #enaira #news #cbdc

Digital Pound Could Be a New Form of Payment: UK Finance Minister - According to reports, the Bank of England has resolved to develop the Di... - https://dailycoin.com/digital-pound-could-be-new-form-of-payment/ #zzzeditorspicks #unitedkingdom #digitalpound #blockchain #zz_popular #zzznative #adoption #zz_index #europe #policy #zz_top #enaira #cbdc

Nigeria to Introduce Bill That Recognizes the Use of Cryptocurrency - Nigerian lawmakers are drafting legislation allowing cryptocurrency use.... - https://dailycoin.com/nigeria-to-introduce-bill-that-recognizes-the-use-of-cryptocurrency/ #cryptoregulation #zzzeditorspicks #regulations #marketnews #zz_popular #zzznative #zz_index #nigeria #africa #zz_top #enaira #cbn #sec

Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC - The limits set by the Central Bank of Nigeria are part of a broad... - https://cointelegraph.com/news/nigeria-bans-atm-cash-withdrawals-over-225-a-week-to-force-use-of-cbdc #emefiele #mustafa #enaira

#Bitcoin (BTC) contre l'#eNaira : la guerre de l'adoption a commencé au Nigéria 🇳🇬. Les médias dévoilent les premiers chiffres clés. https://journalducoin.com/actualites/wallet-enaira-niger-guerre-perdue-avance-gouvernement-contre-bitcoin/

La banque centrale du #Nigéria a annoncé le lancement officiel de sa monnaie numérique, l’#eNaira. L’institution défend le caractère inclusif de cette dernière, qui est censée rester "accessible" et "profiter à l’ensemble de la population nigériane". 👀🇳🇬 https://journalducoin.com/bitcoin/nigeria-pointe-finance-banque-centrale-enaira

"The [Nigeria's central bank's] ... issuance of the digital currency, called the eNaira, comes after the central bank earlier in February outlawed banks and financial institutions from transacting or operating in cryptocurrencies as they posed a threat to the financial system."

- #EmeleOnu, 2021

https://www.aljazeera.com/economy/2021/10/25/nigeria-becomes-first-african-nation-to-roll-out-digital-money

#Nigeria #eNaira #blockchain