Nigeria was chosen as a testing ground for Digital IDs and CBDCs. Western governments watch with excitement.

?

Didi Rankovic

Nigeria is taking steps to speed up the so far “disappointing” pace of adoption of eNaira – the country’s central bank digital currency (CBDC) issued by the Central Bank of this African country as a legal tender.

The value of any CBDC is pegged to paper money and like the name suggests they are centralized and government-controlled digital tokens – not to be confused with decentralized cryptocurrencies.

Become a Member and Keep Reading…

Reclaim your digital freedom. Get the latest on censorship, cancel culture, and surveillance, and learn how to fight back.

Already a supporter? Sign In.

(If you’re already logged in but still seeing this, refresh this page to show the post.)

Having trouble logging in? Get help here.

Read Next

As Mass Chat Surveillance Nears Approval, President von der Leyen is Accused of Transparency Violations Over Deleted Messages

Read the story →

More you should know:

Flat-screen television displaying dense vertical columns of red and blue pixelated code with bright red glowing clusters, set against a dark background with a red reflection on the surface below

Big Brother Comes Built Into the Screen

Four smartphone screens of a Ukrainian digital ID app: a citizen passport card with a woman's portrait and personal details, a driving licence card with the same portrait, a large QR-code screen, and a dark verification screen displaying "Document found" and driving licence information.

Inside Ukraine’s Digital Identity Experiment the World Is Watching

DOJ Pushes to Break Up Google’s Ad Tech – The Trial, Week One

Sleek wireframe car racing across a glowing grid of orange and blue light trails toward a bright vanishing point in a futuristic digital cityscape.

Your Car Is Talking Behind Your Back and The Insurance Company Is Listening

Several futuristic neon-green cars speed through a glowing urban tunnel, with floating illuminated cubes above and streaking light trails conveying high-speed motion.

Tracked 526 Times Without a Warrant or a Reason

Flat-screen television displaying dense vertical columns of red and blue pixelated code with bright red glowing clusters, set against a dark background with a red reflection on the surface below

Big Brother Comes Built Into the Screen

Four smartphone screens of a Ukrainian digital ID app: a citizen passport card with a woman's portrait and personal details, a driving licence card with the same portrait, a large QR-code screen, and a dark verification screen displaying "Document found" and driving licence information.

Inside Ukraine’s Digital Identity Experiment the World Is Watching

DOJ Pushes to Break Up Google’s Ad Tech – The Trial, Week One

Sleek wireframe car racing across a glowing grid of orange and blue light trails toward a bright vanishing point in a futuristic digital cityscape.

Your Car Is Talking Behind Your Back and The Insurance Company Is Listening

Several futuristic neon-green cars speed through a glowing urban tunnel, with floating illuminated cubes above and streaking light trails conveying high-speed motion.

Tracked 526 Times Without a Warrant or a Reason

Split-screen view of a cloud file manager on desktop and mobile with a blue top toolbar and left sidebar, a grid of blue folder icons and document thumbnails on the desktop, and a mobile list showing image file entries with thumbnails and details.

What to Know Before You Start Self-Hosting: Risks, Rewards, and First Steps