Central Bank of Nigeria presented a plan for the use of digital naira
The Central Bank of Nigeria (CBN) has provided preliminary guidance on issuing government digital currency and options for its use. Cointelegraph reported that it gained access to a confidential document sent by the Central Bank of Nigeria to local commercial banks. According to this document, eNaira will be used alongside the country’s fiat currency and pegged to it at a 1: 1 ratio. The Bank of Nigeria will deal with digital naira issuance and distribution…
