{"id":33904,"date":"2022-08-19T10:35:18","date_gmt":"2022-08-19T14:35:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33904"},"modified":"2022-08-19T10:35:21","modified_gmt":"2022-08-19T14:35:21","slug":"nigerias-enaira-nears-10m-worth-of-transactions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nigerias-enaira-nears-10m-worth-of-transactions\/","title":{"rendered":"Nigeria&#8217;s eNaira Nears $10M Worth of Transactions"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-there-are-270-000-active-wallets-and-840-000-downloads-of-the-enaira-app\">There are 270,000 <a href=\"https:\/\/www.google.com\/search?q=active+wallets&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">active wallets<\/a> and 840,000 downloads of the eNaira app.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"537\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-1024x537.png\" alt=\"Nigeria's eNaira Nears $10M Worth of Transactions \" class=\"wp-image-33906\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-1024x537.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-300x157.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-768x403.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-150x79.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132-750x393.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132.png 1055w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Nigeria's eNaira Nears $10M Worth of Transactions <\/figcaption><\/figure>\n\n\n\n<p>Since it was introduced last October, the <a href=\"https:\/\/coinscreed.com\/staging\/nigeria-targets-the-unbanked-as-it-adds-features-to-enaira.html\" target=\"_blank\" rel=\"noreferrer noopener\">eNaira<\/a>, which is Nigeria's central bank digital currency (CBDC), has been used to make transactions worth $9.3 million, according to the country's central bank governor.<br>In a speech on Thursday, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), called the number and value of transactions on the platform &#8220;remarkable.&#8221; He also said that the eNaira app has been downloaded 840,000 times and has about 270,000 active wallets.<\/p>\n\n\n\n<p>Nigeria is the largest economy in Africa, with a <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-blames-macroeconomic-factors-for-crypto-crash.html\" target=\"_blank\" rel=\"noreferrer noopener\">gross domestic product<\/a> of about $430 billion and a population of about 200 million people.<\/p>\n\n\n\n<p>It is thought, however, that about 40% of the population, or 59 million adults, do not have a bank account. This is something that the <a href=\"https:\/\/coinscreed.com\/staging\/cbn-sanctions-banks-over-crypto-directives.html\" target=\"_blank\" rel=\"noreferrer noopener\">CBN<\/a> wants to fix with the CBDC. In the second phase, the bank wants to get 8 million more people to use the eNaira platform.<\/p>\n\n\n\n<p>Emefiele said that this phase would start next week when Nigerians with and without bank accounts will be able to open an eNaira wallet by dialing a four-digit code on their cell phones.<\/p>\n\n\n\n<p>After the Bahamas did it a year earlier, Nigeria was the second country to set up a CBDC. In the months before the eNaira was released, the CBN tried to stop people from using cryptocurrencies by telling banks to close any accounts with <a href=\"https:\/\/coinscreed.com\/staging\/cryptocurrency-market-cap-reaches-its-peak.html\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency transactions<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are 270,000 active wallets and 840,000 downloads of the eNaira app. Since it was introduced last October, the eNaira, which is Nigeria&#8217;s central bank digital currency (CBDC), has been used to make transactions worth $9.3 million, according to the country&#8217;s central bank governor.In a speech on Thursday, Godwin Emefiele, governor of the Central Bank [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":33906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[773,4137,350],"class_list":["post-33904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cbdc","tag-enaira","tag-nigeria"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-132.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33904"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/33906"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}