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Nairaland Forum / Nairaland / General / Business / CBN Releases Guidelines For Enaira (35385 Views)
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Re: CBN Releases Guidelines For Enaira by Alexis4337(m): 8:01am On Oct 26, 2021 |
[quote author= post=107066148]Anything to move our darling nation forward is all we want. Many sane and hardworking Nigerians are optimistic as Africa's largest economy gears up to launch the continent's first central bank-backed digital currency, the eNaira. Authorities hope to tap into the popularity of cryptocurrency so it can better monitor digital currency transactions, curb black market trading in the paper naira and also help integrate millions of Nigerians into banking. It is going to make cross border payments easier and it is going to make it easier for the naira to be widely used and accepted. So, Nigeria is gradually getting to the point where cryptocurrency is seen as an unstoppable force." The eNaira will promote blockchain technologies like cryptocurrency, which Central Bank authorities banned in back in February, citing its volatility and investment risk for citizens. The CBN then promised to provide a safer alternative - the eNaira. Authorities and experts say the eNaira will ease monetary transactions and improve long-term value for Nigeria's currency, compared to its paper counterpart, which has hit its lowest value since 2003. The CBN also says the eNaira saves on printing and distribution costs for cash. The eNaira will also help address money laundering and corruption. Everything built on blockchain is very safe and secure. Another thing again is it's universal, parts of the benefits they intend to achieve with [b]the eNaira is it will be used for both international and local trade and also it's going to be to fight corruption. The only person the has the knowledge about the vision of this eNaira on this platform, the rest are blind with hatred |
Re: CBN Releases Guidelines For Enaira by Ayoolamax: 8:03am On Oct 26, 2021 |
Righthussle:Agege bus station. Yee who slap me naa joke i dey ooooo. 2 Likes |
Re: CBN Releases Guidelines For Enaira by Ynix(m): 8:05am On Oct 26, 2021 |
sicily4u:Are you senseless, can't you see I just told you what China did after releasing their digital currency? |
Re: CBN Releases Guidelines For Enaira by israelp(m): 8:06am On Oct 26, 2021 |
danifinest: |
Re: CBN Releases Guidelines For Enaira by Premiumwriter: 8:08am On Oct 26, 2021 |
This is federal ABEG app. They should have bought the abeg app from the developers..that one interface is better 1 Like |
Re: CBN Releases Guidelines For Enaira by jacoik(m): 8:10am On Oct 26, 2021 |
Honestly I have read this news like 3 times now but don't understand anything therein |
Re: CBN Releases Guidelines For Enaira by judinho07(m): 8:14am On Oct 26, 2021 |
"4 me nah epounds i want...smart move 4 d guy's on d right lane to cash'out...i no call any name'oooh..but dey no each''other!!!!
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Re: CBN Releases Guidelines For Enaira by Deicide: 8:23am On Oct 26, 2021 |
They didn't say anything about international transaction |
Re: CBN Releases Guidelines For Enaira by setobaba: 8:24am On Oct 26, 2021 |
Does that means I can convert $50 to Enaira directly through the wallet ?? |
Re: CBN Releases Guidelines For Enaira by Olayetan(m): 8:30am On Oct 26, 2021 |
Cyoung4real: you're too puerile to exchange words with. |
Re: CBN Releases Guidelines For Enaira by frankson1(m): 8:32am On Oct 26, 2021 |
GoodLord95: They have Tiers 1 to 4 so if you want to increase your limit you upgrade. The 20k is for people who only registered with phone number. MAKE UNA TRY READ SMALL. IT DOESN'T KILL |
Re: CBN Releases Guidelines For Enaira by charixel: 8:36am On Oct 26, 2021 |
Clueless gunment |
Re: CBN Releases Guidelines For Enaira by Dameland: 8:37am On Oct 26, 2021 |
Itohanmiwa: Was Nigeria ever great before? 1 Like |
Re: CBN Releases Guidelines For Enaira by stasius: 8:42am On Oct 26, 2021 |
I still ask again. Is the enaira a cryptocurrency? |
Re: CBN Releases Guidelines For Enaira by frankson1(m): 8:45am On Oct 26, 2021 |
Tayorshd2: I thought transactions will be free on this platform. If they're going to be charging like regular banks, then there's no point for me using it when I'm looking for a platform without charges or minimal for transactions. |
Re: CBN Releases Guidelines For Enaira by Jeezuzpick(m): 8:46am On Oct 26, 2021 |
booblacain: Okay. Today is the second day. Let's wait and see. 1 Like |
Re: CBN Releases Guidelines For Enaira by tamdun: 8:48am On Oct 26, 2021 |
Olayetan:Mobile app can do same |
Re: CBN Releases Guidelines For Enaira by miniziter(m): 8:55am On Oct 26, 2021 |
StreetPreacher:Mine merchant enaira app did not stress at all. |
Re: CBN Releases Guidelines For Enaira by mechanics(m): 9:06am On Oct 26, 2021 |
After downloading the app, how will one access the e-naira? |
Re: CBN Releases Guidelines For Enaira by TheOgaBoss: 9:07am On Oct 26, 2021 |
dheaven:does enaira use block chain technology? I doubt, u think it is just the electronic version of our Fiat paper naira 1 Like |
Re: CBN Releases Guidelines For Enaira by BestNaxa: 9:09am On Oct 26, 2021 |
What is their market cap please? |
Re: CBN Releases Guidelines For Enaira by Mrlouis: 9:34am On Oct 26, 2021 |
post=107066148: I WONDER WHO COME ASK YOU FOR ALL THESE LONG EXPLANATIONS. WHO YOU DEY EXPLAIN GIVE |
Re: CBN Releases Guidelines For Enaira by ubev01(m): 9:42am On Oct 26, 2021 |
MrOON:that number 1 is the real question. Why do i need e Naira with all its limits of i can just use my bank app without any limit |
Re: CBN Releases Guidelines For Enaira by Badb0y4lyf(m): 10:43am On Oct 26, 2021 |
The E naira isn't back by anything not token or block chain and it seems to duplicate the fuction of the every day bank Apps only it is backed by our physical cash in the bank but this is just a way of printing money out of thin air. The CBN and FG are up to something. 1 Like |
Re: CBN Releases Guidelines For Enaira by Enyimbamercedes: 11:20am On Oct 26, 2021 |
Bola146: Already exists. |
Re: CBN Releases Guidelines For Enaira by Nobody: 11:22am On Oct 26, 2021 |
Nigeria is really a funny country, sometimes its government officials come up with really revolutionary ideas, either by mistake or by deliberation. But the big disappointment is the fact that they often fail to capitalise on the opportunities created by this initiatives. |
Re: CBN Releases Guidelines For Enaira by redcliff: 11:25am On Oct 26, 2021 |
Parrot69: lol. what do we produce that someone wants to buy from us. did you check the limit? il forgive your ignorance. you do not know better. |
Re: CBN Releases Guidelines For Enaira by Holluwhakemmy(f): 11:26am On Oct 26, 2021 |
Please what is it all about? I dont understand. |
Re: CBN Releases Guidelines For Enaira by Parrot69: 11:39am On Oct 26, 2021 |
redcliff:I won’t pull myself down to your level to educate your ignorance in a layman’s terminology cos this isn’t basically for people on your level, But I hope the ignorance you have embroidered shouldn’t last for a year before you come to your senses. |
Re: CBN Releases Guidelines For Enaira by redcliff: 11:43am On Oct 26, 2021 |
Parrot69: Mr get sense. i should also inform you that alipay and wechat are peoples businesses and not peoples bank of china property. Enaira is as good as dead. o wont even argue with you again.. and yes, until you tell me how funding the wallet works, i would not trade arguements with you again because you do not know better |
Re: CBN Releases Guidelines For Enaira by nextstep(m): 11:51am On Oct 26, 2021 |
Itohanmiwa: A government has not settled regular currency issues, telecoms, water, light, forex, petrol, and you're hopeful it will magically understand and properly manage a digital currency. So who determines the exchange rate from naira to this nonesense? Of course some speculators will make money, but many people will lose their shirts as this digital currency is backed by the same CBN that causes products to double in cost every 4-5 years. |
Re: CBN Releases Guidelines For Enaira by ihedioramma: 12:08pm On Oct 26, 2021 |
hakeem4:So is just buying and selling with it ? |
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