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.
But they are increasingly popular among those in political and financial power in many places around the world, and it is this group of people that is carefully observing what degree of progress is made in the push to introduce CBDCs.
…
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.
Read more
