After the restrictions placed on cryptocurrency by cbn, in October 25 2021, Nigeria became the first African country to launch a central bank digital currency (cbdc) which was the eNaira. At first there were alot of interest from the public but now, it seems like a failed project. I will like to know what really affected the adoption of the eNaira?
Thou, I can't speak on behave of others, but for me, I think the reason why I haven't given the use of eNaira a try is simply because almost all the features which the launched eNaira is said to have, the mobile apps which I used seems to have them all, but just the fact that the app which I used can't be used for International transaction like the eNaira, of which i'm not worried about that yet, since I don't have anyone abroad. So I use Opay and Palmpay for almost all my transactions, of which all transactions are free and I also stand the chance of receiving daily interest on my deposited funds (Owealth). So I don't know about you, what's your reason why you haven't used the eNaira?
