Nigeria Embarks On The Cryptocurrency Adventure With eNaira

“Even naira, more possibilities”. It is with this slogan that the Nigerian President, Muhammadu Buhari, launched this Monday, October 25, eNaira, from the presidential villa of Aso Rock in Abuja

One of the objectives of this new currency is to counter the use of cryptocurrencies, of which the West African giant, with its 170 million inhabitants, is, with 400 million dollars in transactions in 2020, the third user in the world. , behind the United States and Russia.

Nigeria had tried to ban all cryptocurrency transactions in February, saying they posed a threat to the country’s…

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