Since its launch in October 2021, the eNaira has seen lackluster uptake, and the Central Bank of Nigeria is seeking to remedy this in its latest move.
The eNaira adoption has been lackluster, with the total transaction volume over the past year being just a fraction of the digital assets trading volume.
The bank says that the two firms never acquired the licenses to serve Kenyans, even as Flutterwave gets caught in a $52 million money laundering scandal.
Jimmy Nguyen moderated a panel with three governance experts who talked about how their countries are adopting blockchain and what the future holds for the technology.
The Blockchain Developer Summit in Nigeria's capital Abuja was a great success. With more than 1500 participants, the event created a big stage for BSV Blockchain among developers, established companies and key figures in the country's economic policy and development.
The two-day event attracted hundreds of attendees, with blockchain’s role in Nigeria’s development and the unmatched potential of BSV being the standout themes.
A commissioner for Nigeria’s securities regulator said that it’s trying to catch up with the United States in Bitcoin regulations and outlined where the central bank comes in.
Morocco banned digital assets back in 2017, but the locals have continued to explore Bitcoin, and today, only Nigeria, South Africa, and Kenya have more owners.
The summit, taking place at Baze University in Abuja, Nigeria, will feature 23 speakers showcasing the cutting-edge technology of the enterprise scaling blockchain with demos on how the technology’s innovation potential is released across various industries.
The summit will be held on July 21-22 in Nigeria’s capital Abuja with speakers including Centbee’s Lorien Gamaroff and NITDA Director Kashifu Abdullahi.
The central bank believes that making the eNaira available to feature phone users will boost uptake, although some are skeptical about security and privacy.