The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less than two weeks of launch.
This was disclosed by a senior Central Bank of Nigeria (CBN) official to the Financial Times.
The CBN’s embrace of technology to address financial inclusion has gathered praises both from home and abroad. However, there have been some bumps on the road.
The currency’s first week and a half, according to the senior Central Bank of Nigeria official who spoke to the Financial Times, was a “resounding success,” with roughly 400,000 new wallets registered in dozens of nations and clients making 12,500 transactions worth N46.3 million ($113,000). This success is in spite of customers complaints about a time-consuming sign-up process.