The Nigerian central bank digital currency (CBDC) was unveiled today by the President of the Federal Republic of Nigeria.
The unveiling took place at the State House in Abuja. An earlier plan to unveil the digital currency on October 1 was shelved.
Nigeria is one of the very few countries in the world to develop an official digital currency.
The digital currency ‘eNaira’ was developed by fintech company Bitt located in Barbados, which is also behind the creation of CBDC in some East Caribbean countries.
At Monday’s launch, the Central Bank of Nigeria governor, Godwin Emefiele, stated that 500 million units ($1.21 million) has already been minted.
The CBDC’s digital currency app and its merchant wallet are now live and available for download.
The two apps, eNaira speed wallet, and merchant wallet are now available on Google Playstore and Apple store as shown on the website enaira.gov.ng
A notice on the website gives details into how the currency and the wallet will work.
Get Ready With Your Accurate BVN Data For Your Hitch-Free Enrolment
To sign-up on the speed wallet, you would be required to input the following details exactly as captured during your BVN enrollment.
“First Name, Last Name, Date of Birth, State of Origin, and Email.
The eNaira is not a cryptocurrency but a Central Bank Issued Digital Currency.