Upcoming African CBDCs will avoid eNaira pitfalls
The eNaira, which has a two-tiered CBDC architecture or a hybrid model, is the only African CBDC in circulation currently. Still, it…
Since the Central Bank of Nigeria (CBN) made history as the second country in the world to launch a commercial Central Bank Digital Currency (CBDC) it has struggled to attract users. Without…
The prospect of Africa’s biggest economy going cashless has led to the revolution in its digital payment landscape and the move to deepen its financial inclusion penetration.
The Central…
The Central Bank of Nigeria’s (CBN) digital currency - the eNaira provides just a useful example of how Central Bank Digital Currencies (CBDCs) could work in practice, the International…
A recent report by PricewaterhouseCoopers (PwC) ranked Sand Dollar, a digital iteration of the Bahamian dollar, as one of just two fully operational retail central bank digital currencies…