CBN’s eNaira platform goes live ahead of October launch

Nigeria’s apex bank has launched the official website of its upcoming Central Bank Digital Currency (CBDC) – the eNaira, exactly one week before the scheduled launch of the initiative itself.

A review of data from an analytics website revealed that within the first 24-hours of going live, the website had recorded more than one million hits.

The figure is impressive and could be used as a marker to measure the readiness, awareness, and support of the general public towards the planned digital currency. 

The website features an explanation of how the eNaira will make transactions more seamless and faster. The platform will also offer an opportunity for peer-to-peer remittances which allows users to exchange money through a linked bank account or card. 

Users of the platform will also be able to move funds from their bank account to their eNaira wallet, monitor their eNaira wallet, view balances and transaction history; as well as make in-store payments from their eNaira wallet using QR codes.

The website already has a QR Code that intending users can scan to get started with the process of setting up their wallets and accounts.

 on the website to get started.

CBN Governor, Mr. Godwin Emefiele, stated that Nigeria will go on record as the first African nation to launch a digital currency. 

“It is a novel idea because we think it will facilitate trade, Nigeria being the biggest economy in Africa, this will set the tone to tell Africa that we are ready to lead and we would indeed lead in trade and we would make sure that happens he added”