cbn enaira.com website platform now live for investment. Access the e naira platform here, then download the enaira app and start trading.
What is ENaira?
eNaira is a digital currency produced by the Central Bank of Nigeria that serves as a one-of-a-kind type of money denominated in the Naira.
When opposed to cash payments, the eNaira acts as both a means of exchange and a store of value, providing better payment prospects in retail transactions. Nigeria’s currency, the eNaira, has a unique operational structure that is both exceptional and unlike any other type of central bank money.
The Central Bank of Nigeria (CBN) has developed a website to facilitate the use of eNaira, the country’s first digital currency, in its activities.
The website, www.enaira.com, went up on Monday, but it is still in the early stages of development. The website provides links to download the app from the Google Play store and the iOS Play store, but Nairametrics’ investigation finds that the app is not yet available from either of these platforms.
The eNaira Wallet App will be ready for download on October 1, 2021, and will be available in multiple languages. While I was writing this essay, the countdown to launch showed 3 days, 9 hours, 5 minutes, and 24 seconds until the launch.
Because of cryptographic procedures, the eNaira is safe and secure against counterfeiting, cloning, and other forms of assault.
The eNaira will serve as a complementary payment method to cash, as it will be less expensive, more efficient, widely accepted, safe, and trusted. As with current online banking customers, the eNaira system has been developed to protect both the data and the identities of its users. In addition, operational standards and processes are in place to safeguard users’ identities and personal information.
Digital currency activities are carried out by Bitt Inc., a Barbados-based firm, which serves as the central bank’s technological partner. According to a press release issued in August, the Central Bank of Nigeria (CBN) stated that Bitt Inc., an international fintech firm, had been recruited as the Technical Partner for the country’s digital currency, nicknamed eNaira, which will be introduced later this year. In the financial technology industry, Bitt Inc is a company that leverages blockchain and distributed ledger technology to enable secure peer-to-peer transactions with seamless mobile money across Bitt’s software and mobile applications.
The Central Bank of Nigeria has indicated that the e-naira, which will be introduced on October 1, is a legal tender equal to the naira and that it must be accepted as a means of payment by all merchants and business establishments in order to function properly.