Nigeria Is Introducing Changes to Its Central Bank Digital Currency (CBDC) to Increase Usage

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Nigeria Is Introducing Changes to Its Central Bank Digital Currency (CBDC) to Increase Usage
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For many, using the eNaira isn’t straightforward. In March, the central bank said the value of eNaira transactions up to that point in the year was 22 billion naira ($48 million at the time). The country has a $220 billion informal economy that thrives on cash and has too few merchants and little infrastructure for extensive eNaira use.

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