eNaira Wallet Records 488,000 Downloads In 160 Countries

RECENTLY launched Central Bank of Nigeria (CBN) Digital Currency has been downloaded 488,000 in 160 countries all over the world.

According to a statement released by the CBN, to mark the first 19 days of the eNaira launch, the apex bank revealed that about 17,000 transactions totalling N62 million had been recorded during the period.

The digital currency was launched by President Muhammadu Buhari, on October 25.

The Apex bank said “So far, we have on boarded over 488,000 consumer wallets and about 78,000 merchant wallets, with these downloads occurring in over 160 countries (per Google Play Store and Apple Store data).

“We have also recorded almost 17,000 transactions amounting to over N62m with the average transaction being about $9.3 each. These numbers suggest the adoption rate has been excellent.”

Based on the guidelines released by the CBN after the launch of the digital currency, eNaira will complement traditional naira as a less costly, more efficient, generally acceptable, safe, and trusted means of payment.

Kayode Shopekan

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