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Cryptopolitan 2023-03-22 10:15:31

Nigeria’s CBDC adoption increases amid fiat currency shortage crisis

Nearly eighteen months after launching its in-house Central Bank Digital Currency (CBDC), the eNaira, Nigeria is witnessing increased adoption as its national fiat currency faces severe shortages. This dire situation was caused by the central bank’s decision to replace old bank notes with bigger denominations in response to rising inflation. CBDCs have long been regarded … Nigeria’s CBDC adoption increases amid fiat currency shortage crisis Read More »

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