Nigeria’s Central Bank has launched a website for its digital currency,eNaira ahead of the official launch which is to take place on October 1, 2021.The website details the digital currency, eNaira. The eNaira, both a medium of exchange and store of value, will be used in retail payments and remittances.
Whiles the official launch of Nigeria’s CBDC is tomorrow Oct 1, the eNaira app is already available for downloads. The app features bank account integration. The launch will serve as a pilot for the CBDC, with a full launch expected by the end of 2021.
In relation to this, the Central Bank has decided to send documents to local banks on the digital currency which describes the roles the banks will play in the change.
The asset will be a legal tender and have a non-interest-bearing status. The country is one of the most tech-savvy nations in Africa, with proof in the fact that its citizens are among the most active in the crypto market. It even has one of the highest rates of adoption of cryptocurrency, with 31.9% owning some cryptocurrency or the other.
FINTECH AND INSURTECH LIVE Oct 12 -Oct 14, 2021, Tobacco Dock,London & Virtual: Learn from respected FinTech and InsurTech leaders at this unmissable hybrid conference. Take the opportunity to expand your network among influential executives and gather insights to feed back into your own organisation
Future of FinTech October 5-6, 2021,USA & Virtual: A forum for understanding the evolution of financial services and also a live marketplace for connecting industry buyers and sellers.
Sibos 2021 October 11-14, 2021 Online : Assess how digital acceleration, technological innovation, change and risk intersect with some of the most pressing topics such as addressing AI, Big Data, CBDCs and cybersecurity, cloud computing, ethical investing, diversity and inclusion in banking.
IFINTEC Finance Technologies Conference and Exhibition October 12 – 13, 2021 Turkey: Detail Banking, Digital Banking, Core Banking, Payment Systems, Banking Technologies, Banking IT Solutions, Digital Transformation and Finance Technologies.
Fintech Surge October 17 – 20, 2021 Dubai: A conference to power the New Future of Finance on the intersection between technology and finance, Fintech.
Curated by www.knowledgeinnovations.com
Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning