Breaking: e-Naira Launch Postponed

The launch of the Central Bank of Nigeria Digital Currency, e-Naira on the proposed October 1^st the CBN announced will not hold. The launch data has been postponed.

CryptoTvplus gathered that he CBN Governor while speaking to New York a gathering of foreign investors, said the proposed launch date of the e-Naira would likely be scheduled to October 4^th due to the activities surrounding the country’s Independence Celebration.

Godwin Emefiele, the CBN’s Governor has been particular about the launch of the Digital Currency e-Naira and while the nation anticipates this launch, there have been various comments on the proposed e-Naira.

While the CBN promises the e-Naira will help to drive financial inclusion and introduce new financial services into the economy, players in the financial and technology space has expressed concerned over the launch of the e-Naira by the CBN.

The CBN said all businesses will use the e-Naira but doesn’t expect the total adoption as on the day of launch. It also said it will lower the cost of doing business in Nigeria. The CBN will released a digital wallet called Speed to help onboard users onto the e-Naira pending when financial institutions are able to come with their own digital currency wallets.

Central Bank of Nigeria promises not to compete with other financial institutions as regards the e-Naira wallet.

CryptoTvplus reported the e-Naira may not launch on October 1^st as the CBN has been served a cease and desist for violation of trademark of a Nigerian Company “ENAIRA PAYMENT SOLUTIONS LIMITED”. The company argued that it has registered the “ENAIRA” as a trademark and the CBN’s use of it is illegal.

The nation awaits the October 4^th new launch date. Will the CBN postpone the launch of the e-Naira again? We just have to wait and see.

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