๐ Move over, eNaira. cNGN enters the chat

Plus: ๐StarkWare launches $4M fund for African blockchain projects ๐ฐ๐ช South African startup 6DOT50 introduces crypto payment for car purchases ๐ Connect with Mariblock at ATS

Plus: ๐StarkWare launches $4M fund for African blockchain projects ๐ฐ๐ช South African startup 6DOT50 introduces crypto payment for car purchases ๐ Connect with Mariblock at ATS

Also, an eNaira-pegged stablecoin is in the works and will be publicly available soon, says Convexity founder.

A deputy director with the bank said the CBN has introduced Near Field Communication (NFC) technology to enable contactless payments with the eNaira.

๐ก Namibia passes law to regulate crypto ๐คฏ The CBN says eNaira can now be used for remittances ๐ฆ Libyan authorities bust bitcoin mines, arrest 60 Chinese miners.

The move is aimed at driving adoption and providing an alternative for Nigerians to receive remittances.

The IMF MD believes retail CBDCs may result in โunforeseeableโ results for central banks.

The eNaira could potentially be used to pay salaries of federal workers, a CBN official said.

The governor of the Central Bank of Nigeria attributes the increase to the government's welfare program.

The CBN hopes to boost the adoption of its central bank digital currency by making it easily accessible to feature phone users. Existing data suggest that most Nigerians use feature phones.