CBN’s eNaira website Goes live on internet

The anticipated digital currency website of the Central Bank of Nigeria, eNaira, has come up live on the internet.

The eNaira website welcomes m a message which reads, “eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.

eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. eNaira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money. There are several benefits from a central bank-issued digital currency in Nigeria, and this cuts across different sectors of, and concerns of the economy.”

The website also included options to download the app on Google Play store and iOS Play store, but checks by Nairametrics reveals that the app is not yet available on these stores.

He said, “The new eNaira website actually looks well thought out. The government seems to make good on their promises, though we would have to test the app and watch out for technology issues before certifying that this platform might actually be able to solve the digital currency problems for Nigeria.“

Sandra Brown, a tech analyst and developer said that, commending the apex bank’s position in launching the digital currency and highlighting some of the benefits:

“The website is basically explaining the functionalities and offerings that the eNaira will have. It promises faster transactions and even diaspora remittance. You can pay taxes and bills from it. The app wants to completely eliminate the middle man in most transactions. The platform is tailored for different people; individuals, businesses, NGOs, govt etc. However, it doesn’t offer any interest rates, unlike fintech platforms,” she said.

 

 

Credit :- Nairametrics