Economy / FinanceAfrica

Nigeria Launches eNaira Amid Hope, Skepticism and Uncertainty


Nigeria became the first African nation to launch a digital currency – the eNaira – amid hope, skepticism and uncertainty A move its leaders said will expand access to banking, enable more remittances and even grow the economy by billions of dollars. Africa’s most populous nation joins the Bahamas, the first to launch a general purpose central bank digital currency, known as the Sand Dollar, in October. China has ongoing trials and Switzerland and the Bank of France have announced Europe’s first cross-border experiment.  But experts and cryptocurrency users in the continent’s biggest economy say the fact that there…

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