Nigeria's Central Bank Teams up with Gluwa to Accelerate CBDC Uptake Post Binance Situation

Thursday, 7 March 2024, 12:50
In a bid to drive the adoption of Nigeria's eNaira, the world's second central bank digital currency, the Central Bank of Nigeria partners with Gluwa amidst existing challenges. Despite a slow uptake among Nigerians, this partnership aims to enhance accessibility and usability of the CBDC. The collaboration follows recent controversies involving Binance, signaling Nigeria's commitment to digital currency innovations.
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Nigeria's Central Bank Teams up with Gluwa to Accelerate CBDC Uptake Post Binance Situation

Nigeria's Central Bank Collaborates with Gluwa to Boost CBDC Adoption

In an effort to accelerate the adoption of Nigeria's eNaira, the Central Bank of Nigeria has joined forces with Gluwa to address existing challenges.

Challenges in CBDC Uptake

  • Slow adoption rate among Nigerians
  • Need for improved accessibility and usability

Partnership with Gluwa

  1. Enhancing eNaira adoption through strategic collaboration
  2. Addressing issues post-Binance controversy

The partnership highlights Nigeria's dedication to advancing digital currency initiatives.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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