Tag: eNaira
Nigeria’s Crypto Renaissance: ASC’s cNGN Stablecoin Signals Progress in Web3
On January 4, the ASC officially announced the launch of the cNGN stablecoin scheduled for Tuesday, February 27, 2024.
The success of the...
CBDCs vs. Cryptocurrencies: Clash of the digital currency titans
Bitcoin was the first cryptocurrency adopted by an African nation as legal tender; Africa's first CBDC was Nigeria's eNaira.
Even though the CAR...
Impact of stablecoins and CBDCs to Africa’s digital economy
Nigeria, commonly known for its rapid growth in Africa's digital economy, was the first African country to roll out a CBDC, the eNaira....
One year into Nigeria’s adoption of the eNaira
The eNaira has been crippled by low adoption, poor utility and the problems of the fiat Naira
The CBDC was launched under the...
Why Nigerians should be wary of Central Bank Digital Currencies
Nigerians need to be wary about the eNaira primarily because the bad and ugly sides outweigh the excellent side of this currency
Unlike...
Nigeria weaponizes the eNaira against crypto adoption
The eNaira upgrade will allow customers to do transactions such as paying for DSTV, electric bills, and paying for flight tickets
Decentralization takes...
