The official website for the Central Bank of Nigeria’s (CBN) impending digital currency, the eNaira, is now operational, exactly one week before the initiative’s scheduled launch.
Only 24 hours after it went up, the website had over a million visitors.
The development reflects the growing popularity of the proposed digital money.
According to reports, the website promises easier financial transactions for eNaira users, including peer-to-peer payments, which allow users to send money to one another using a linked bank account or card; allows customers to easily move money from their bank account to their eNaira wallet; allows customers to monitor their eNaira wallet, check balances, and view transaction history; and makes it possible for users to make payments to one another using a linked bank account or card.
In addition, users can get started by scanning the QR Code on the website. Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria, recently told a gathering of foreign investors in New York that due to activities surrounding the country’s Independence Day celebrations on October 1, the earlier planned launch of the eNaira on the same date would likely be rescheduled to October 4, 2021.
“The central bank would not want the event to take the shine away from the Independence celebration,” he explained.
“We are going to be the first country in Africa to launch a digital currency. It is a novel idea because we think it will facilitate trade, Nigeria being the biggest economy in Africa, this will set the tone to tell Africa that we are ready to lead and we would indeed lead in trade and we would make sure that happens.
He also added that “Between all central bankers in ECOWAS, we are already working on a certain collaboration to make trade, payment and banking system integrate in such a way to set an example on the African Continental Free Trade Area (AfCFTA),”