Complaints mount as eNaira app tops 100, 000 downloads — Nigeria — The Guardian Nigeria News – Nigeria and World News

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Less than 48 hours after its official launch by President Muhammadu Buhari, the individual wallet for eNaira has recorded more than 100,000 thousand downloads on Google Playstore alone.

Apple’s App Store does not readily show an estimate of downloads.

The Nigerian official Central Bank Digital Currency (CBDC) was initially scheduled for launch on October 1 but was shifted till later in the month.

eNaira is the first of its kind in Africa. According to the Atlantic Council CBDC tracker, Naira debut made Nigeria one of the five countries in the world that have their own CBDC as the popularity of digital and cryptocurrencies continue to soar despite clampdowns in several countries.

There are two versions of the eNaira wallet – one for individuals (Speed Wallet) and another for merchants (Merchant Wallet).

“e-Naira will make a significant positive difference to Nigeria and Nigerians including supporting a resilience-payment system ecosystem, encouraging rapid financial…



Source: Guardian Newspaper

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