Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,466 members, 7,954,824 topics. Date: Saturday, 21 September 2024 at 10:17 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Investors Won’t Be Interested In eNaira – Reno Omokri (22216 Views)
Seyi Makinde: APC Is Not A Party Anyone Should Be Interested In Joining / Foreign Investors Pull Out N1.77tr Over Insecurity / Foreign Investors Waiting For A Buhari Loss Before Investing In Nigerian Stock (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by EroticJane(f): 1:43pm On Nov 01, 2021 |
XXXXTENTACION:This person na heavy olodo with dull brain. Enaira a waste of resources? what resources? You people will just come out to criticize any development without even understanding how it works. Everything is moving digital just like posting paper mails have gradually moved to electronic mails (email). As email makes sending of messages faster so will enaira make payment faster. don't compare enaira with epayment. enaira is the digital currency, epayment is the process via which this currency move from the payer to the receiver. Am off. Dull brains issssssshhhhh! 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 1:45pm On Nov 01, 2021 |
It’s not sustainable bro. Go and read on hyperinflation. ethicallyright: 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by AbuAeesha: 1:47pm On Nov 01, 2021 |
Pierocash:am surprised someone like Reno doesn't know enaira isn't crypto currency 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by AbuAeesha: 1:50pm On Nov 01, 2021 |
thebosstrevor1:eggzactly |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Kokaine(m): 1:50pm On Nov 01, 2021 |
thebosstrevor1:Naira was digitalized when we started doing transfers. So what is new about eNaira as an electronic exchange medium that is different from what we already have |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 1:51pm On Nov 01, 2021 |
Na you be the Olodo and e go pay you make you logout so you no go dey type nonsense. All banks already digital platforms. Why is the federal government spending so much on something that already exists (waste of money) e-Nairaland does not create itself. Like your normal bank apps, you have to deposit your cash with an agent to create a digital value for it. So what exactly makes your enaira special? EroticJane: |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Gospel367: 1:53pm On Nov 01, 2021 |
crypto currency with blockchain but we can't see the blockchain or see what happens there in. Abeg is enaira ethereum or bsc or Solana based token? or it's based on its own blockchain? if so, how can we view the blockchain and contract address? ndi Ara. they just created another Kuda and opay type of Wallet. mtcheewww 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Kubernetes: 1:57pm On Nov 01, 2021 |
AbuAeesha: lol.. Even earlier comments here suggests people aren't too conversant with blockchain teck. Someone said the fact that its blockchain makes it completely decentralised. He forgets that in blockchain, we have what is called Decentralised finance otherwise called deFi. And we also have centralised finance otherwise called ceFi. Example of centralised finance is the popular exchange called Binance. Yes binance have total control of what happens on their platform. And that's why their p2p trxn is very safe with the introduction of their excro account |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by GeneralDae: 1:58pm On Nov 01, 2021 |
XXXXTENTACION:What in the world are you smoking? |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Pierocash(m): 1:58pm On Nov 01, 2021 |
ignis:you are the confused being here. Crypto currency is a digital currency created to facilitate payment and trans boarder payment without a third party influence. it is a decentralized system . Is your E-Naira decentralized,or can it be used without a regulatory body? If it is not decentralized,and lacks third party influence ,then it isn't a crypto. E-Naira is regulated by CBN,and issued by banks. Is that decentralized? You can't do anything with it if the regulatory body restricts you from using it. Crypto on the other hand isn't so. Can you mine your E-Naira? |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Nobody: 1:59pm On Nov 01, 2021 |
EroticJane: You're not smart! |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Datedoboy: 2:02pm On Nov 01, 2021 |
ethicallyright:Thanks bro. God bless you |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Endtime123: 2:02pm On Nov 01, 2021 |
valentineuwakwe:Hmm! Ignorant me, what do i know?. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Atikulated: 2:06pm On Nov 01, 2021 |
The eNaira is no different from the regular banks and Fintech companies we have. When you talk about cross border transactions, the eNaira faces far greater limitations as compared to the Fintech companies that are facilitating local and international transactions. For anyone to send money to and from abroad with the eNaira, they must first have the eNaira wallet and funds it with the Naira using whichever means that's applicable (which is still through the bank). Why then do I need the eNaira when I can do this with my regular bank? A friend from the UK just sent money to his mother in the village using his banking app with a Nigerian bank (in Nigeria) which he had someone sent money into. This is exactly the case with eNaira. On the part of the Fintech, with Barter from flutterwave, I can receive money from anyone in the world who doesn't have any affiliations with Nigeria. All they need is to use their national or acceptable KYC documents to be onboarded, and they can fund their accounts using credit or debit card. You don't need to have BVN or any bank account in Nigeria. This is true facilitation of payment and not what the CBN is doing with eNaira. The wallet that cannot even hold plenty money... Ishs thebosstrevor1: |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by hardasan(f): 2:08pm On Nov 01, 2021 |
thebosstrevor1: I'm actually surprised you are this educated, judging by your occasional biased posts. Anyway, here's my 2cents, the Nigerian government messed up on this enaira. It's a cryptocurrency without a tokenomics, rendering it as useless as a wallet created by any shopping site just that this wallet was created by the CBN. This thing is really not hard... Few things that will turn enaira around: 1. A coin with an infinite supply would need external factors to appreciate (which Nigeria lacks, judging by the physical naira's performance). Let there be a defined number of mintable coins. Even if they peg the total supply at 22trillion, e go finish. The lesser the supply, the higher the value of the coin. Common sense 2. Staking a.k.a fixed deposit, let them create a fixed deposit system, that's the only way to successfully encourage people not to spend their enaira. 3. Let people be able to raise bank instruments in any currency from their staked enaira balance or send payments in any currency to anywhere 4. Ease of sign-up, will an investor from Malaysia or Australia need a BVN and an otp to invest ? Checkout other wallets, with a password phrase and maybe a pin, you're good to go. Email can be added for security reasons but all these verification bla bla bla needs to stop 5. Let the government forget about trying to know who owns what... When they link their wallet to their bank account, you'll know who they are. But a millionaire from South Africa definitely doesn't want anyone snooping around his identity... 6. Let's have something like a bscscan where every transaction can be tracked so we know where our tokens vanished to if something funny happens. I bet it, naira will appreciate tremendously if this happens... Note: e-naira is a cryptocurrency built on the Hyperledger Fabric Blockchain which is an open source block chain targeting financial houses and governments. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Datedoboy: 2:09pm On Nov 01, 2021 |
ethicallyright:Thanks bro I was about saying the same thing. People saying it won't work. How did Ghana solve their currency issue. What does Ghana export? The major export in Ghana is Gold and Cocoa. Even recently, the government stopped export of cocoa to Switzerland. So we export more than Ghana but why is the new cedis stronger than Naira? Nigerians keep running to Ghana and South Africa to set up shops. Maybe until wen the Naira hit 1k b4 we will be satisfied 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Datedoboy: 2:16pm On Nov 01, 2021 |
emae009: Bro pls find out how Ghana strengthened their currency. The new cedis as we speak is more valuable than the Naira that is why Nigerians go there to set up shops. Ghana does not export more than what we export. I use to have this mindset that your economy must be strong but as I grew up I conducted a research and I discovered we were lied to. Naira was devalued for no just reason. What we experience that made us devalue the Naira, some countries that experienced same with lesser exports did not devalue their currency 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by gidado14(m): 2:20pm On Nov 01, 2021 |
valentineuwakwe:Olodo wetin concern Enaira with crypto? 70 year old man ooooh, you are a mumu man
|
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by AntiWailer: 2:21pm On Nov 01, 2021 |
BeardedMeat: If ur conclusion after reading what I wrote was "bitterness" U need ur head checked. I have nothing to complain about. As a Tech guy, my income increased geometricly as I increase and improve my skill set. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 2:23pm On Nov 01, 2021 |
Datedoboy:What Ghana did to its currency is redenominate it. They did not and cannot make it equal to the dollar without having equal sphere of influence that the dollar has. Go and read bro. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by GeneralDae: 2:26pm On Nov 01, 2021 |
Timoleon:But now it is stronger than the naira and every now and then Nigerians compare Ghana to Nigeria on YouTube and they praise Ghana for having a stronger currency. The truth is to investors and foreigners, Ghana truly have a stronger currency. 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 2:31pm On Nov 01, 2021 |
Is the Ghana cedi your competition? Also, back to your initial post, did the Ghanaian government try to equate the cedi to the dollar by simply pegging it? GeneralDae: 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by GeneralDae: 2:34pm On Nov 01, 2021 |
Timoleon:Not at all, but is it not possible to remove just one zero from the naira? What would be the economic implications if that happened? |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 2:35pm On Nov 01, 2021 |
GeneralDae:hyperinflation. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by GeneralDae: 2:36pm On Nov 01, 2021 |
Timoleon:Ghana removed three zeros but forget about equating it to the dollar for now. Just redoniminating the naira to a lower value, what are the implications? |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Timoleon(m): 2:38pm On Nov 01, 2021 |
We’ll have a different currency with the same Nigeria. GeneralDae: |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by GeneralDae: 2:41pm On Nov 01, 2021 |
Timoleon:Yeah but we wouldn't be the first country to have that. However, ours would be better because the enaira is also from the cbn. So many poor countries use both dollar and their local currency. But we'll be using enaira (of a slightly higher value) and naira. 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by sammy329(m): 2:41pm On Nov 01, 2021 |
This is as a result of talking too much, Reno Omokri is now saying nonsense. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by iamjavadem(m): 2:44pm On Nov 01, 2021 |
slowpoke, crypto is not banned in nigeria, if it was then why is Patricia advertising on BBN? 1 Like |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by sulaak(m): 2:46pm On Nov 01, 2021 |
Pierocash: eNaira is a digital currency that uses blockchain technology, just like other cryptocurrencies, I think that eNaira uses Ethrerum or Solana platform Bitt has built its DCMS to integrate with leading blockchain networks. |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by Datedoboy: 2:46pm On Nov 01, 2021 |
Timoleon:That is what I am saying. We should do same with the e-naira let's redenominate it and leave the Naira as it is. People will convert their dollar to e-naira but the banks will remit usd to those foreign sites. The CBN will have dollars and the populace will have the equivalent in e-naira. E- naira will be our dollar here and d value in usd of that e-naira will be with the banks and CBN. This will stop dollar hoarding. Read my 2nd and third points bro. The Naira for dollar policy is also making the Naira weak and we have intellectuals in this country o. Now ask urself do people value what they get for free? I see Naira for dollar policy as subtle devaluation of the Naira. If it were to be in this country, many people will say redenomination won't work but it worked with the new cedis. I weep for coming generations bro as I see 1 dollar at 1k naira very soon if drastic steps are not taken |
Re: Foreign Investors Won’t Be Interested In eNaira – Reno Omokri by jaxxy(m): 2:56pm On Nov 01, 2021 |
thebosstrevor1: Confused people. |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Hoodlums Arrested With Guns & Fake INEC ID Cards In Imo / We Don’t Know Whether Tompolo Is Dead – Army / 2023: Adamawa Gov, Fintiri Picks Keletapwa Farauta As Running Mate
(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. 70 |