An Overview of Nigeria’s eNaira CBDC | CoinMarketCap

Getting started using the eNaira is a simple process for Nigerian citizens. The first step is to download theand then go through the KYC requirements for whichever selected tier — a choice that will impact the daily transaction limit.

There are several options for funding the wallet. The simplest way is to log into your bank app and transfer funds to Speed Wallet, but it’s also possible to visit a bank or speak with an eNaira verification agent if you wish to deposit cash into the wallet. For those overseas wishing to send funds to Nigeria, foreign exchange can be converted into eNaira through an international money transfer operator such as HSBC and then sent to an IMTO eNaira wallet. From there, it can be sent to other wallets in the country.While the road has been rocky so far, the rollout of the eNaira can’t help but trudge along, with the government pushing more and more initiatives to boost inclusion and entice users.

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Source: CoinMarketCap - 🏆 290. / 63 Read more »