The Central Bank of Nigeria (CBN) digital currency the eNaira, is expected to go live today with the official launch by President Muhammadu Buhari at the State House in Abuja. Already, the website www.enaira.com has gone live and banks have added it on their various electronic banking platforms.

The eNaira is a type of Central Bank Digital Currency (CBDC) which over 80 per cent of central banks across the world are currently exploring. CBDC’s are new variants of central bank money that are different from physical cash and reserves/settlement accounts.

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.

CBDCs are also not to be confused with cryptoassets such as Bitcoin, Ethereum and the likes which are privately issued tokens based on cryptographic techniques and denominated in their own unit of account. Cryptoassets are thus fundamentally different from other kinds of digital money such as the CBDC which basically utilises technology to represent a country’s official currency in digital form.

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 (QR) 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.
Read Full Article Here>>>>>https://optimistchannel.com/25/10/2021/enaira-launches-what-you-need-to-know/

OptimistSky:
The Central Bank of Nigeria (CBN) digital currency the eNaira, is expected to go live today with the official launch by President Muhammadu Buhari at the State House in Abuja. Already, the website www.enaira.com has gone live and banks have added it on their various electronic banking platforms.

The eNaira is a type of Central Bank Digital Currency (CBDC) which over 80 per cent of central banks across the world are currently exploring. CBDC’s are new variants of central bank money that are different from physical cash and reserves/settlement accounts.

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.

CBDCs are also not to be confused with cryptoassets such as Bitcoin, Ethereum and the likes which are privately issued tokens based on cryptographic techniques and denominated in their own unit of account. Cryptoassets are thus fundamentally different from other kinds of digital money such as the CBDC which basically utilises technology to represent a country’s official currency in digital form.

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 (QR) 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.
Read Full Article Here>>>>>https://optimistchannel.com/25/10/2021/enaira-launches-what-you-need-to-know/

I downloaded the app but while registering, I couldn't see the space for email and I can't sign up without it

Pls how can we actually use this development