Nigeria’s Central Bank Reevaluates eNaira Amid Low Adoption Rates

In the next 24 months, the Central Bank of Nigeria will explore the possibilities of stablecoins, investigate the use of blockchain technology for a Central Bank Digital Currency (CBDC) and examine regulatory requirements for Initial Coin Offerings (ICOs). Exploring Stablecoins…

Nigerians Love Crypto But Not their Country’s CBDC

Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…

Zimbabwe Pushing On With CBDC Plans, Draws Lessons From Nigeria

Despite the country’s waning interest in cryptocurrency, Zimbabwe does not appear to be ready to abandon its cryptocurrency aspirations, according to sources. Not only is Zimbabwe not giving up, but it is also taking notes from Nigeria when it comes…