The Central Bank of Nigeria’s digital currency, enaira, is now live and available for download, as Nigeria takes the lead as the first country in Africa with a working CBDC.
Nigeria’s unveiling was earlier scheduled for October 1, 2021, but the CBN said it was postponed owing to other national activities to mark the country’s 61st Independence anniversary.
You can visit the website to download the eNaira speed wallet, as the application is now available for iPhone and Android users.
How to sign up
- According to the apex bank, to sign-up on the eNaira speed wallet, you would be required to input your First Name, Last Name, Date of Birth, State of Origin, and Email, as exactly as captured during your BVN enrollment.
- Your banks would assist in validating and updating your BVN details to ensure seamless enrolment to the eNaira platform.
The digital currency has two applications – eNaira speed wallet and eNaira merchant wallet, and are now available on both Google Playstore and Apple Store.
According to a statement on the eNaira website, “eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.
“eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.”
Osita Nwasinobi, spokesperson of the CBN, said the launch of the eNaira is a culmination of several years of research by the apex bank in advancing the boundaries of payment systems to make financial transactions easier and seamless.
