The Central Bank of Nigeria (CBN) has activated a website for the operations of eNaira, the country’s first digital currency.
The website, www.enaira.com, went live on Monday.
Godwin Emefiele, CBN Governor, had announced the pilot scheme of eNaira would kick off on October 1, 2021.
However, some of the details on the website are yet to be hyperlinked, while some features are not yet active as of Monday.
According to the website, eNaira would aid cash distribution in the government’s social welfare programmes.
“eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.
“eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. eNaira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money,” the website read.
Osita Nwanisobi, spokesperson of the CBN, confirmed the website address on Monday but did not state further details, according to TheCable.