Update: Nigeria’s eNaira becomes most retailed digital currency on the global stage


Africa’s first digital currency, eNaira, has been positioned No 1 on worldwide retail CBDC, and application downloads have leaped to 756,000 from 700,000 found in December 2021.

Recently, the Managing Director of Guaranty Trust Bank, Mariam Olusanya, while talking in a virtual question and answer session after the Bankers Committee’s meeting, uncovered that e-naira wallet downloads have ascended to 756,000 out of a half year. eNaira actually inclined by 56,000 in the main quarter of 2021.

PwC unveiled the positioning in its 2022 CBDC Global Index and Stablecoin Overview.

Nigeria positioned number 1 as far as retail CBDC projects in front of 9 different nations presently in the comparative.

The eNaira has additionally recorded 700,000 downloads as of December 2021, while more than 35,000 exchanges have been directed on the stage.

In second and third positions are the Bahamas and Mainland China separately.

Next were, Eastern Caribbean, Jamaica, Ukraine, Uruguay, Thailand, Sweeden, and the Republic of Korea.

The file depends on a BIS working paper, the World Bank, and PwC investigation.

NewsWay the report additionally gave Nigeria’s eNaira a retail file worth of 95 while the nation likewise positioned number one in Africa.

However Nigeria didn’t rank for the Wholesale CBDC Project.


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