The Governor of the Central Bank of Nigeria, Godwin Emefiele, said the digital naira is entering the second phase of testing. According to the regulator, the number of active users has reached more than 270,000 since CBDC’s launch in 2021. Customers have made transactions with eNaira worth 4 billion naira.

According to the Central Bank, the second phase aims to expand access to financial services by attracting users who do not have a bank account. The CBDC’s level of integration is planned to increase to 8 million active customers.

“eNaira was created to provide citizens with a reliable and secure tool to make cost-effective payments. Digital naira is not like offline payments, which use handheld devices, cards and near-field contactless communications,” said Emefiele.

Customers will be able to create an eNaira wallet using their phone, even without a bank account. And through the Nigeria Interbank Settlement System (NIPS), instant payments can make transfers between bank accounts.

https://altcoin.ng/central-bank-of-nigeria-has-began-the-second-phase-of-enaira-testing/