₦airaland Forum

POS business is about to end

divinehand2003:
Eventually, cash will be phased out. The cashless economy will be hard for Nigerians. Cyber crime and hacking will increase. Governments can deal with citizens by just blocking your bank account and wiping out all your cash if you are an opposition to them. In the end, physical cash is better than cashless economy.

Bloody illiterate

mariahAngel:
Prophet of doom. Only seeing the negative side of things.

Actually, it is what is operating in China. It is called the social credit system. If you say anything against the government you will be blacklisted, your account frozen and your name published as an offender so that people will avoid you.

At first I thought E-Naira is a "type" of cryptocurrency coin, I don't see it more than Naira in online account, just like Palmpay and Opay.

basty:
Bloody illiterate

Invest in physical assets ooo, when CBDC takes over, your money is in government hands, na why NIN id cards look like ATM cards.

Enaira that for how many months I just said lemme put small cash in it to test these guys, months later I've been calling no response, sending no emails, to even reply sef it's only automated ones I get. Now I can't even get the money out.. Lemme see any of these so called 'agents anywhere I am first

Stephenmoka4:
At first I thought E-Naira is a "type" of cryptocurrency coin, I don't see it more than Naira in online account, just like Palmpay and Opay.

It is. It is Central Bank Digital Currency (CBDC). The IMF is pushing it so that cryptocurrencies can be outlawed for good.

wheelchairboy:
It is. It is Central Bank Digital Currency (CBDC). The IMF is pushing it so that cryptocurrencies can be outlawed for good.

If one can swap it for USDT and other cryptocurrencies, I think it could be "useful". If it is just Naira on screen, I don't see much importance...

francisbarrack:
State d positive aspect too. U don't have to call people's name to prove points

There will be no need to go to the bank to take out large sums of cash, which decreases the likelihood of people being robbed or banks being robbed.

Faster, more seamless transactions.

Greater transparency. Could/should lead to a decrease in public corruption.

No more nonsense about shops not having "change".

Those people handling the affairs of this COUNTRY are very thoughtless, none of them can think outside the box and see that Nigerians are not ready to move to a cashless economy. Our leaders are jokes

Okoyeebo:
Let them use Enaira to pay the salaries and allowances of all CBN staff. Then from there to Ministry of Finance.
That is how to ensure adoption.

Nice suggestion. Charity must begin at home

But I like the enaira concept though. The world must ultimately go cashless to save the trees the world central banks are using to print all these notes!

CBN is still flogging a dead horse. Godwin Emefailure is truly clueless.

I won't support this . Yesterday I went to charge my phone in one bet9ja center , there over head my warri people of if how they are cashing out on opey and the rest wallets

Enaira. A bird that won't fly without the involvement of youths and gvt sitting upright. Unfortunately, youth dislike the new financial policies and the gvt so it's a failed attempt from the start. It would yield minor results.

Isn't it a joke to transact, save and use the enaira when the naira is performing badly

divinehand2003:
Eventually, cash will be phased out. The cashless economy will be hard for Nigerians. Cyber crime and hacking will increase. Governments can deal with citizens by just blocking your bank account and wiping out all your cash if you are an opposition to them. In the end, physical cash is better than cashless economy.

CASH IS KING

This is the worst CBN ever yet to emerge, Inflation is very high, Economy is nothing to write about, The naira is getting weaker,

And the best they could come up with is Enaira,
chaiii, who do us this thing

No more ghana must go?

Fake news!!

if you are doing eelcronic or online banking, that is e-naira. there is special policy on enaira anywhere

Okoyeebo:
Let them use Enaira to pay the salaries and allowances of all CBN staff. Then from there to Ministry of Finance.
That is how to ensure adoption.

Even if they use it to pay ministers, if there's no interest or some inducement on funds kept in the wallets very few people will adopt. They can do 1% per annum as interest on funds kept in wallets for a start if they are really serious.

ah no ged probs with tha Eshege..


my only prayers be say mek Yahoo boiz fit crack into the server the release money to this Godforsaken kontry..


without Yahoo-Naija economy na sorry arse; half baked Bacons