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JUST IN: CBN Introduces eNaira App, Merchant Wallet

byeditor
October 25, 2021
in News, Nigeria News
Reading Time: 1 min read
e-Naira
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CBN has introduced the eNaira app and merchant wallet.

Glamtush reports that the Central Bank of Nigeria has finally launched its Central Bank Digital Currency called e-Naira on Monday.

The eNaira was scheduled to be launched on October 1, but it was moved due to the tight of activities billed for Nigeria’s 61st anniversary celebrations.

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The Digital Currency has two applications – eNaira speed wallet and eNaira merchant wallet, which were launched on the Google Playstore and Apple Store on Monday.

A statement on the eNaira website explained the overall function of the currency and its value to Nigeria’s economy.

The statement read, “eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.

“eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.”

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