Key Takeaways
- The eNairs app has been pulled down from the Google Play Store following a 2.0 rating from users
- The Central Bank Governor Godwin Emefiele stated that the Nation's Digital Currency had attracted 33 banks already, and more than 2,000 customers have entered the platform.
- He also explained that the Central Bank has successfully produced 500 million nairas, 200 million have been handed out to financial institutions.
- The governor says transactions made on the platform would be made free for 90 days.
The Nigerian Central Bank Governor said that 33 banks have already signed up to use the CBN's digital currency, dubbed eNaira, which has a value of 500 million naira.
The Governor of the country's top bank also said that digital money will be free for the next 90 days due to its popularity.
The Governor said this during a Monday launch ceremony at the President's official house.
Emefiele said 33 institutions have already accepted and begun using the platform.
The Central Bank has successfully created 500 million nairas, distributed 200 million to financial institutions, and registered over 2,000 consumers and 120 businesses on the digital currency platform.
He further emphasized that both the digital and physical versions of the Nigerian money are legal tender, equal in value, and recognized everywhere.
The Governor said that the digital currency site has over 2.5 million daily visits and promised that the platform will continue to develop rapidly.
He said that the bank will follow the country's anti-laundering and anti-terrorism financing laws to safeguard the payment system's integrity and vitality.
Related post: eNaira Will Boost Payments and Support Cryptos - Nigerians
The country's central bank said that it will not collect transaction fees for the first 90 days after the currency's introduction on October 25, 2021. In the Guidelines for Transaction Fees for Banks, Merchants, and Financial Institutions,
The CBN said this in the eNaira circular and guidelines released on Monday.
The eNaira has already attracted a big number of users in the few days since it was launched. Do you think it will be accepted more broadly throughout the country?
