Nigerian crypto adoption rises despite govt crackdown
Nigerians are still hungry for crypto despite the central bank’s efforts to quash it. Go to Source Powered by WPeMatico
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Nigeria to pilot central bank digital currency in October
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on October 1. Go to Source Powered by WPeMatico
Nigerian secondary school will accept crypto payments despite regulatory uncertainty
“We believe one day digital money will gain more acceptance than paper money,” said school director Sabi’u Musa Haruna. Go to Source Powered by WPeMatico
Nigeria’s comms minister links blockchain to national digital innovation efforts
Nigeria’s government is looking to drive blockchain adoption as part of its plans to establish emerging technology centers across the country. Go to Source Powered by WPeMatico
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy.” Steve Hanke Wants Countries to Adopt Currency … Read more
Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes
Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds … Read more
Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Go to Source Powered by WPeMatico
Crypto will ‘come to life’ in Nigeria, central bank governor says
Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities. Go to Source Powered by WPeMatico
Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto markets in the world, Emefiele however insists his organization is … Read more
Bitcoin’s usefulness is on a whole other level, depending on where you live
One Nigerian explains the benefits of Bitcoin from an alternate angle. Go to Source Powered by WPeMatico