Nigeria’s eNaira, The First Cryptocurrency Launched By An African Country

President Muhammadu Buhari officially launched eNaira, the cryptocurrency issued by the Central Bank of Nigeria, on Monday. A first on the African continent.

The digital version of the Nigerian national currency is now available. Nigerian authorities have launched eNaira, the cryptocurrency issued by the Central Bank. Equivalent in value and fully exchangeable against the Naira, the eNaira functions as a wallet against which clients can hold existing funds in their bank account, according to the regulator’s explanations. A first on the African continent that…

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