eNaira Made N46.3 Million Worth Of Transactions Within 2 Weeks – CBN

The Central Bank of Nigeria (CBN) has boasted that Africa’s first digital currency, eNaira successfully achieved the completion of N46.3 million worth of transactions in less than two weeks of launch.

Brand News Day Nigeria reports that the CBN, through one of its senior officials made this disclosure about the eNaira in 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.

Recall that Nigeria digital currency made its debut on the 25th of October 2021 and had over 200,000 downloads 24 hours after launch.

READ: E-Naira Meaning: 15 Important Things To Know About Nigeria’s E-Naira Digital Currency

• JUST IN: CBN Reels Out e-Naira App, Merchant Wallet
• eNaira: Nigerians Download Over 200,000 eNaira App Wallets Within 24 Hours

A few days after, the eNaira wallet vanished from the Google Play Store, raising eyebrows among Nigerians. The problem, however, was quickly tackled.

eNaira Made N46.3 Million Worth Of Transactions Within 2 Weeks – CBN

Commenting on the eNaira development, the CBN said ”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.”

Meanwhile, the CBN has urged all Nigerians to embrace the eNaira saying that it is more reliable than cryptocurrencies.

Meanwhile, the apex bank’s technical partner, Bitt Inc has revealed plans to roll out a new mobile application that enables the unbanked population to access eNaira.