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e-Naira: 12 things to know about Nigeria’s first digital currency

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President Muhammadu Buhari on Monday, launched Nigeria’s first digital foreign money, e-Naira.

Buhari unveiled the digital foreign money on the State Home with high authorities functionaries in attendance.

The digital foreign money was flagged off with over N500m of the foreign money minted.

Talking through the unveiling, the Governor of the Central Financial institution of Nigeria, CBN, Godwin Emefiele, disclosed that 33 banks had been totally built-in and stay on the platform.

Nevertheless, as the brand new eNaira hits Nigerians, DAILY POST has curated an inventory of 12 issues to know

It’s a digital storage that holds the eNaira.

It’s held and managed on a distributed ledger.

It may be used for remittance, which features a cheaper diaspora remittance possibility.

It’s traceable so fraudulent actions could be traced.

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It may be used for worldwide and native trades.

It has a singular id and safety construction.

It’s exchanged peer to look.

It’s common – anyone can maintain it.

It doesn’t yield any curiosity.

Funds could be made by scanning QR codes.

You possibly can monitor your e-wallet actions.

First digital foreign money in Africa.

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