Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,174,247 members, 7,891,184 topics. Date: Tuesday, 16 July 2024 at 09:34 AM

E-naira Website Goes Live, Displays CBN Digital Currency Features. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / E-naira Website Goes Live, Displays CBN Digital Currency Features. (463 Views)

Ethereum ‘Merge’ Officially Goes Live / CBN’s e-Naira Website Goes Live Ahead Of October 1 / Enaira Website Goes Live, Displays CBN Digital Currency Features (2) (3) (4)

(1) (Reply) (Go Down)

E-naira Website Goes Live, Displays CBN Digital Currency Features. by Kaybee14(m): 2:55pm On Sep 28, 2021
Nike Popoola
28 September 2021

The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch.

According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money denominated in Naira.”

The CBN stated that eNaira would serve as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.

It added that eNaira had an exclusive operational structure that was 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,” it stated.

According to the CBN, the eNaira app would feature and reflect brand values centered around ease of use and efficiency while bearing in mind security.

“We have developed this App with a deeper understanding of customers, what they value, their abilities and also their limitations,” it stated.

The website explained that customers would be able to move money from their bank account to their eNaira wallet with ease; monitor their eNaira wallet, check balances and view transaction history; make in-store payment using their eNaira wallet by scanning QR codes; and send money to one another through a linked bank account or card.

It stated that the eNaira was crafted with interesting elements for modern solutions that paid keen attention to details.

According to the website, the Nigerian digital currency that would be issued and regulated by the CBN had benefits which included fast, cheap, reliable and available payment channel; supports digital economy; improved economic activities; and simplified and easy cross border payments and trade.

It also said it would ensure inclusion of excluded people in the financial system; improved effectiveness of monetary policies; ease in tax remittance and collection to support the country’s growth; and ease in targeted social interventions to support Nigerians.

During the CBN Governor, Godwin Emefiele, after the last Monetary Policy Committee meeting recently, disclosed that it would be launched on Independence Day celebration.

He said, On October 1, a Nigerian should be able to download the eNaira app either through Google play store or Apple App store, onboard themselves, fund their eNaira wallet, using their bank accounts or with cash at a registered agent.”

According to him, the eNaira launch was not going to be a one off thing, but a journey that would start on October 1.


Re: E-naira Website Goes Live, Displays CBN Digital Currency Features. by PENUEL17(m): 3:06pm On Sep 28, 2021
Looking forward to the launch.
Re: E-naira Website Goes Live, Displays CBN Digital Currency Features. by obiekunie01: 3:11pm On Sep 28, 2021
Security! security! security!

It it doesnt have adequate security, nigerians will flee from it.

They must make sure it is totally secured.

And i just hope the website and app wount be like the Nigerian websites - always sleeping. No network.

on a lighter note. naija wan avoide cost of printing notes!
Re: E-naira Website Goes Live, Displays CBN Digital Currency Features. by kodded(m): 3:49pm On Sep 28, 2021
Finally the end of bank has begun, the future is upòn us guys, very soon bvn will be linked to the enaira wallet smiley

(1) (Reply)

10 Things To Know About The Mathematician Battling Otedola For Firstbank Chairma / What Are You Doing Differently At Home On This Skyrocketting LPG Prices? / Nigeria Risks Losing Assets To China Over $3.48bn Loan, Experts Warn FG

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.