Dartafrica27 May, 2023Business
The e-Naira is the equivalent Naira representation in a digital form. While it has been erroneously interpreted to be a type of cryptocurrency, it is an entirely different concept ? It is not developed on a blockchain nor is it decentralized ? it is very much under the control of the Central Bank of Nigeria (CBN). In fact, it shares the same value as the physical cash naira and is not subject to volatility as is common with many crypto assets. The Button line is, #1 = 1 e-Naira.
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