eNaira: CBN plans app for persons without bank accounts

eNaira: CBN plans app for persons without bank accounts

Punch

The Chief Executive Officer of Bitt Inc., Brian Popelka, has said a phone application for people without bank accounts will be rolling out soon.

He said the present version of the eNaira app could only be used by people with bank accounts.

Bitt Inc. is the Central Bank of Nigeria’s technical partner for the digital currency, eNaira.

According to the CBN, inclusion is a core objective of the eNaira.

Popelka, in an interview with CoinDesk, said, “In Nigeria, it is a methodological rollout; this is our initial stage. A phone app specific for folks that are unbanked will be rolling out very soon, considering the fast follow-up from us.

“So that is how we see the financial inclusion question coming through. As far as interest goes, it is hard to say this early what the interest is. I imagine that the concept has a newness to it; people want to understand the inner workings of it and what to use it for.”

According to the CEO, launching the eNaira app was challenging, but the company relied on its past digital currency experience in Barbados and the Eastern Caribbean.

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