: Nigeria became the first African nation to fully launch a retail central bank digital currency.
: The Central Bank of Nigeria (CBN) chose Bitt Inc. to build its digital currency.
: The CBN officially announced Bitt as the partner in August 2021. : Nigeria became the first African nation to
Here are the key details surrounding this partnership and the launch of the eNaira: 🪙 The Partnership
: The eNaira was officially launched on October 25, 2021, by President Muhammadu Buhari. Nigeria's sovereign digital currency.
: Designed to reduce the high cost of sending money into the country.
: Aimed to bring millions of unbanked Nigerians into the formal financial system. : Nigeria became the first African nation to
: The project resulted in the creation of the eNaira, Nigeria's sovereign digital currency.