Seeking Alpha
2021-11-15 19:53:57

Nigeria's CBDC eNaira attracts 500K users just weeks after launch - Bloomberg

Nigeria's central bank digital currency eNaira attracts about 500K users just three weeks after its launch, Spokeman Osita Nwanisobi told CNBC on the phone. So far, more than 488K people download the consumer wallet, enabling the ability to transact eNaira, while about 78K merchants from more than 160 countries have enrolled. Approximately 62M naira ($150K) of the CBDC have been traded since the launch, Nwanisobi told Bloomberg. Keep in mind that Nigeria has traded 60,215 Bitcoins (BTC-USD) since 2017 to the end of last year - valued at $3.9B as of Monday - the largest volume outside the U.S., Bloomberg notes, citing Paxful. Towards the end of October, Nigeria launched eNaira to boost economic growth and increase the country's gross domestic product.

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