African countries race to mint CBDCs (2)
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…
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eNaira
eNaira: CBDCs can’t win unless available everywhere – Report
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…
Driving financial inclusion through digital currency adoption
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…
How CBN’s eNaira sets global example for Central Bank digital currencies – IMF
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…
How the Bahamas is growing usage of world’s first CBDC
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…