What's eNaira ? eNaira is Nigeria first digital currency. It will be launched on October 1st "Nigerian independence day" by Central Bank of Nigeria (CBN). eNaira is like USDT of physical dollar but eNaira is not a cryptocurrency, it uses cryptographic techniques to keep it safe against counterfeiting, cloning, and other forms of attack.
Who and how to get eNaira ?
eNaira is just the digital version of the physical naira, so Nigerians and non-Nigerians can own it. You can get eNaira from is app wallet which will be available on playstore and apple store. On the platforms, financial institutions licensed by the CBN will be responsible for ID verification, eNaira payment processing, and creating wallets for customers to hold their eNaira.
What are the benefits of eNaira?
-Fast, cheap, reliable and available payment channel.
-Support digital economy.
-Improved economic activities.
-Simplified and easy cross border payments and trade.
-Inclusion of excluded people in the financial system.
-Improved effectiveness of monetary policies.
-Ease in tax remittance and collection to support the Country’s growth.
-Ease in targeted social interventions to support Nigerians.
Can I invest in eNaira and make profit ?
No! eNaira is fixed like your hard currency not volatile like cryptocurrency. The value of eNaira will not increase or decrease from physical Naira.
However, the CBN believes the eNaira will greatly improve financial inclusion, payment processing, and tax collection, among other things.
The eNaira is also expected to increase cross-border trade, which could have a positive impact on the Nigerian economy. In a such a way that you can receive naira from abroad and send abroad too.
There is nothing like eNaira airdrop or eNaira contract address. Thou, we are waiting for the launch and we can't wait to create our first eNaira wallet.