While cash is issued in the form of physical paper and coins, central bank digital currency (CBDC) involves recording transaction information in a digital ledger kept by the central...
Central Bank Digital Currencies have become a government favorite tool to usher the advancement of web3 and digital currencies. Whether or not the countries looking into CBDCs legalize crypto...
Nigeria’s paper currency to be out of circulation soon due to Central Bank Digital Currency (eNaira)
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira according the Punch....
Tanzania is moving closer to launching its central bank digital currency (CBDC) in response to the rising popularity and adoption of cryptocurrencies. The Governor of the Bank of Tanzania...
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank...
Money is a vital tool in our modern society. From the early days of barter, where physical items were used to facilitate the exchange, to the modern world, where...
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...