Nigeria - Digital Pound Foundation

A Lot More Required for CBDC Adoption to Take Off In Emerging Markets

Original Source: PYMNTS.com It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits […]

Nigeria’s CBDC eNaira Used for Nearly $10M Worth of Transactions Since October

Original Source: Coindesk Nigeria’s central bank digital currency (CBDC), the eNaira, has been used to carry out transactions worth 4 billion naira ($9.3 million) since it was introduced last October, according to country’s central bank governor. In a speech on Thursday, Central Bank of Nigeria (CBN) Governor Godwin Emefiele described the volume and value of […]

Nigeria to enable eNaira CBDC on feature phones for financial inclusion

Central Bank of Nigeria publishes e-Naira design paper

Impending arrival – a sequel to the survey on central bank digital currency

About the Foundation

Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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