Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 195. (Read 1028646 times)

ENaira speed wallet back on playstore (updated version):

https://play.google.com/store/apps/details?id=ng.gov.cbn.speed.wallet.temp

Na pure cruise seriously. When I be see the news for punch newspaper about the CBN's eNaira app been removed from play store after negative reviews, and poor rating. I begin laugh seriously. I trust my country Naija. We Nigerians don't take rubbish when the government or someone f up big time. We go drag you with whatever stood for

Not on playstore again when I checked recently.

Reasons that could have led to the bad review:
Some people do not have access to the email connected to their BVN and registration will not be successful as they have to verify
Most important reason: You will have to go to bank to fund your eNaira speed wallet - Nothing like easy means to transfer from bank to eNaira wallet, you can not transfer from your bank account to the eNaira wallet on the app.

Wonders shall never end, not decentralized and the centralized body says no liability. But I think it is just about sending eNaira to the wrong peron, but CBN needs to expatiate on this. Do you have the original CBN speech about this?

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On the app, for support, you will have to contact your bank, that means possibly it is still just like the traditional banking as the commercial banks are still involved.

I checked and it looks like they restored back the App, it's still available but may be during that time it was actually removed.



Enaira na failure, see the number of downloads, the rating self dy discouraging. There is nothing to review about the App as many could not register on the App.
This country na pure cruise and this looting dy reach every ministry, God save us.

New gist on top the enaira matter, I read for news say the app get low rating for google playstore, say e dey hard to find, abi e nor dey the playstore again.

https://punchng.com/after-48hrs-enaira-app-removed-from-google-store-amid-criticism/

Also CBN dun yan say,

With this kind talk wey CBN dun talk, shey this one mean say dey themselves nor too believe the efficiency of this their enaira. If them they talk say dem nor dey liable, who we go hold?

Edited

Moved to B&H >> [HERE]

I wish we can educate ourself well on this enaira. This is the government that was against cryptocurrency, bullied the youth and stop twitter (The very cryptocurrency social platform). If we dont do P2P we cant spend our money on most of the exchanges and many cryptocurrency platform closed down within the country in the last 24 months. They saw the big money in it and want to have their share, no regulation and no public information. The Government does not care about us but themselves and trading with enaira could be dangerous in the long term.

Oboy, my biggest fear like this na all those scammers wey go arrange new style to take collect people money from their ewallet. As we know customer service no go fit do anything. Another fear wey I get, na sustainability. You know say no be about to launching, na maintenance. FG fit sustain this thing so? I no wan hear say them no pay the foreign company wey dey manage am because na so them do with our International passport wey make people miss alot of plenty opportunities.

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For Naija our health mantra be say "e no go fit happen to me " But on a serious note,anything wey concern health for naija dey chop better money. Where the money dey sef?  To even see doctor sef na wahala. We no even get proper insurance wey poor people fit benefit from as big big insurance like NHIS na mostly for civil servants. The best thing like this na to dey chop healthy food(fruits and plenty vegetable), reduce alcohol, dey try do small small exercise, sleep well well  and comot hand for anything wey go give you headache.

[moderator's note: consecutive posts merged]

Yes very true, here we no care about anything. Nobody wen dey educated on things wey go benefit them atleast not majority. Here everybody just dey face their hustle and out food for table. Government tell them to use eNaira well sure dem go use am provided say dem fit get their salary.

Here we they tired to the government. What if they replaced banks totally with eNaira wetin dey to do again? We all go just complie use am because without am we no go dey see food buy chop.

Kuda and government no dey role so I understand if they no link them up with their lastest stun. Government fit get bigger plans wey kuda go spoil as dey different from other banks. Sha make we just dey watch.

In short, the government get the full control while citizen no get full control, na still just naira as stated in the FAQ on the official eNaira page.

If you wan have full control over your coins, then you go need to make use of bitcoin. Know that not all the so called decentralized currencies can give full control, just like USDT.

[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

People go always be people, people that will say they have been holding on centralized exchanges for long period of time and nothing don happen to their coin, that the centralized exchange is good for holding. Most people no have the knowledge of the cons of some services.

You can check Google playstore, eNaira download was 5000+ when I check ham the the day it was launched, it increased to 10000+ the following day, now at 50000+ download.

I no see it different from bank, it will come with transaction charges. Kuda Microfinance Bank still give 25 free transactions without charge monthly (maybe this go change later). I dey surprise say Kuda was not among the banks that can be used to register on eNaira wallet.

Nigerians will likely adopt eNaira, the best we fit do na to just let people know how to avoid scam related to it and always letting people know how bitcoin is the complete decentralized currencies just as you commented.

E get anything wey dey work for Nigeria? If you know say you dey involved in cryptocurrency like all of us here, the best thing to do na avoid eNaira. As u talk e dey very easy and even more dangerous than the banks. With the banking system every body need dey involved for any decisions to stand but this na just code wey dem fit dey their room manipulate.

Assuming e dey like Bitcoin (decentralized) dat wey we for dey get second thought but based on how e be now na just avoiding something be dat. With time as dem see say Nigerians no get interest dem go abandon am. E no dey hard our leaders to abandon project.

They just want absolute power to shut peoples finances down whenever they feel like it!

The same government going against Blockchain startups wants us to use a digital currency that is backed by thin air!
Wetin concern me sha...
E naira exists only for those who want to use it.
The implications of this e naira are just too scary
Government can wake up one day and edit the code of wallets that they suspect and boom every money there won't be usable!
Just like they Froze accounts of crypto traders and Blockchain startups

E naira no work abeg

Guyz make una compare am now, me i no see any advantage dis their coin bring 4 us o at all, wen i bin dey compare am wit wetin dey wey e go offer na no difference o

*What is eNaira?* 🤔

eNaira is a Central Bank Digital Currency (CBDC) issued by the Central Bank of Nigeria as a legal tender. It is the digital form of the physical Naira and can be used the same way as cash.

What's the difference between eNaira and the funds in one's account?

eNaira is a digital currency and is a direct liability on the Central Bank of Nigeria while the money in your bank account is Naira held as deposit liabilities by the financial institution.

What are the benefits?

eNaira is a fast, affordable, secure, and reliable payment option designed to support the digital economy and aid financial inclusion in Nigeria. eNaira will, among other benefits, enhance the Nigerian payment ecosystem, increase revenue and tax collection, aid targeted social interventions, and improve diaspora remittances. Users can make contactless payments with eNaira by scanning a QR code.

Will eNaira Replace Cash?

No. eNaira will circulate alongside cash as a more efficient, safe, and cost-saving payment option.

How do I fund my wallet?

Funding of your eNaira wallet can be done through your regular bank app from your bank account and via cash through an eNaira verification agent, over the counter at designated bank branch or a SANEF agent. (SANEF means Shared Agent Network Expansion Facilities)

Does the eNaira Yield any Interest?

No. The eNaira has no interest component

Is your eNaira wallet safe and easily accessible?

Yes. eNaira is safe and secured with advanced cryptographic techniques against counterfeiting, cloning and other forms of breaches. The eNaira wallet operates an open system that is accessible to all users based on a tiered KYC structure.

Is data well protected?

Yes. Data protection and privacy remains fundamental to the core design of the eNaira system and users will be able to determine how their data is used, shared and processed.

Abeg someone like me wey dey busy wit crypto no fit dey wahala mysef ontop deir mata, afterall wetin i get for keeping my moni on E-Naira wallet, who dem help?.
https://www.google.com/amp/s/punchng.com/what-makes-enaira-different-from-money-in-your-bank-account/%3famp
https://www.majority.com/en/community/article/everything-you-need-to-know-about-enaira/

It is called payment code, it consists of QR code and code in alphabets, dot and numbers, the code no dey long at all, just like this (no be for me, just example of how e be like).

@denmowe.01, with QR code. You fit use either the QR code or the code pay, so the code dey synonymous with address.

No direct transaction from exchanges to bank can be supported on exchanges because CBN banned decentralized currencies, but this can be between you and the person you want to buy or sell bitcoin or other crypto from or to, people go soon start to accept eNaira payment on exchanges, also on decentralized exchanges based on agreement. This no fit start just within a day of eNaira creation.

Abeg I wan put mouth for the matter of e naira, which exchange this digital currency dey list on. Because I don dey look for where person fit buy or sell e naira on exchange and e be like say central bank forget to add the list of exchanges the e naira dey traded on.

I don try use the app but no dey work as it dey bring up BVN validation error. Other Nigerians that have tried to use the app have different difficulties that is leading to unsuccessful setup. The app even have low rating at of present.
 
E still dey too early to have appropriate comment about this.

Nor be say i dey wan dwell on the negative side, but i dey vex unto say airtime wey i buy from bank since last week never show till now. so i wan ask wetin be the assurance say this E-naira matter go fit dey well the way e suppose be? Any difference go dey between am and normal internet banking?

No not an act of money laundering, the E-naira is a welcome development and being the first African country to take this bold step to make our local flat go degital, I know most of us don't like how the country is moving but YES the launching of the E- naira is a good thing that would stay for a long time. With the E-naira you no need carry your ATM card travel as you can easily shop and make payment easily and faster.

Charles-Tim  please I want to know if the receiver and sender go be like crypto wallet address or na just number just like our local banks accounts numbers? I never really read about this project.

People need to dey more careful and avoid fake eNaira app, going to the eNaira office site will be the best for the download, or after some days don pass, the original app on playstore go have maximum download, any you see at that time with few downloads are fake. These are the right links below:

Official site
eNaira Speed Wallet
eNaira Speed Merchant Wallet

This na Nigeria, any project launched na money for the government officials involved.

ENaira is a centralized currencies, also it is the same as naira, only that it is kept in a digital wallet rather than bank. To sign up, you go have to use yours bank details (login with bank), easy signing for privacy invasion, but na like what is for Caesar na for Caesar. Not an appropriative asset as naira dey depreciative and subjected to Nigerian government control.

Appreciative digital coins are decentralized currencies and the most decentralized digital currency is bitcoin.

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