State House in Abuja. Already, the website www.enaira.com has gone live and banks have added it on their various electronic banking platforms.
It is a digital representation of sovereign currency that’s issued by a jurisdiction’s monetary authority and a direct liability of the central bank that issued it. Contrary to some beliefs, CBDCs are not meant to replace cash and bank deposits but to coexist as additional form of Central Bank issued Money.
The eNaira, while the website says the app can be downloaded, a search on Google playstore reveals that the app is yet to be loaded and scanning the quick response code takes one back to the website. Meanwhile, some commercial banks have started calling on their customers to register to get an invitation to join the eNaira community.
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