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payments. This study concludes that CBDC is essential to improving financial inclusion in Nigeria. Based on these findings, it … is recommended that policymakers in Nigeria continue to promote and prioritize the adoption of CBDC. Therefore, future …Financial inclusion continues to be a significant challenge in Nigeria since many Nigerians are excluded from the …
Persistent link: https://www.econbiz.de/10014506640
have also joined the league of nations that are conducting research into CBDC. The launch of the eNaira CBDC in Nigeria has … its potential to increase financial inclusion in Nigeria. I show that the eNaira CBDC can increase financial inclusion by … drawn substantial interest from observers around the world including central banks. The eNaira CBDC is envisaged to bring …
Persistent link: https://www.econbiz.de/10014238434
The eNaira is the central bank digital currency of Nigeria. People who are interested in the eNaira and financial … technology (Fintech) and cryptocurrency. This paper investigates the determinants of interest in eNaira and financial inclusion … inclusion will seek information about eNaira and financial inclusion. Their interest in information about eNaira and financial …
Persistent link: https://www.econbiz.de/10014255150
eNaira or e-Naira. The opportunities which CBDC present to Nigeria include, improved monetary policy transmission, efficient …This paper discussed the opportunities and risks of central bank digital currency (CBDC) in Nigeria, also known as the … propensity for cyber-attacks, data theft, and the uncertain role of banks in a full-fledged CBDC economy. This article …
Persistent link: https://www.econbiz.de/10013210733
through a comparative case study of Ghana’s (eCedi) and Nigeria’s (eNaira) design frameworks. This paper analyses CBDC design … Ghana and Nigeria’s CBDC design frameworks …This paper discusses critical considerations in the design of central bank digital currency (CBDC) in West Africa …
Persistent link: https://www.econbiz.de/10014078290
cryptocurrency when the Central Bank of Nigeria(CBN), addressed a letter recently to banks and other financial institutions, stating …Cryptocurrencies, albeit non-physical currency, are now globally accepted mediums of exchange, with Nigeria inclusive …. However, in Nigeria for a long period, this means of exchange assumed a legal status. This is because of the absence of a …
Persistent link: https://www.econbiz.de/10013296016
”) platform launched over a year ago. The eNaira is a digital currency backed by the government of Nigeria. Its primary aim is to … borders.While the eNaira uses the same blockchain technology as cryptocurrencies such as Bitcoin and Ethereum and can be … April 2021. Yet only 0.5% of the same population have accessed the country’s Central Bank Digital Currency (“eNaira …
Persistent link: https://www.econbiz.de/10014353484
/value - The importance of this research also resides in the possibility of comparing the crypto ecosystem in Asia with Nigeria …
Persistent link: https://www.econbiz.de/10015052224
"The main objective of this book is to explore the problem of digital currency system as a platform for laundering proceeds of illicit funds - funds through organized crimes, terrorism, narcotics trade and corruptions in government. The book aims to provide a platform for scholars to examine the...
Persistent link: https://www.econbiz.de/10014464364