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3232Nigerian CBDC Still Not Widely Used a Year After Launch
https://www.digit.info/nigerian-cbdc-still-not-widely-used-a-year-after-launch/
Thu, 27 Oct 2022 08:00:57 +0000https://www.digit.info/2022/10/27/nigerian-cbdc-still-not-widely-used-a-year-after-launch/Read more]]>On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]
]]>Nigerian Central Bank Slashes CBDC Transaction Fees by 50%
https://www.digit.info/nigerian-central-bank-slashes-cbdc-transaction-fees-by-50/
Tue, 30 Aug 2022 10:00:04 +0000https://www.digit.info/2022/08/30/nigerian-central-bank-slashes-cbdc-transaction-fees-by-50/Read more]]>The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade […]
]]>Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs
https://www.digit.info/report-kenyan-and-nigerian-central-bankers-attack-cryptocurrencies-but-endorse-cbdcs/
Mon, 13 Jun 2022 09:30:13 +0000https://www.digit.info/2022/06/13/report-kenyan-and-nigerian-central-bankers-attack-cryptocurrencies-but-endorse-cbdcs/Read more]]>Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to […]
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade […]
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to […]