eNaira: How to use the Nigerian Digital Currency – The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch.
According to the website, www.enaira.com, eNaira is a Central Bank issued digital currency that provides a unique form of money denominated in Naira.
Find out what makes the e-Naira different from the money in your bank account according to the apex bank itself.
eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. e-Naira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. e-Naira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money. Read more…
Facts About e-Naira
Below are some things you should know:
- It is a digital storage that holds the e-Naira. It is held and managed on a distributed ledger.
- It can be used for remittance which includes cheaper diaspora remittance option.
- It is traceable, hence, fraudulent activities can be traced.
- It can be used for both international and local trade.
- It has a unique identity and security structure
- It is exchanged peer to peer.
- It is universal. Anybody can hold it.
- It does not yield any interest.
- Payments can be made by scanning QR codes.
- You can monitor your e-wallet activities.
How to Create eNaira Account
To create an e-wallet account, for smartphone users, download the e-Naira app (termed “Speed”) from either the Google Play Store or Apple Store and complete the registration process. For feature phone users, utilize USSD codes and follow the registration prompts.
How to Resolve Failed eNaira Transaction
To resolve failed transactions, Reach out to the customer support of the bank you selected when registering for e-Naira through their available channels which include: phone, email, whatsapp, etc.
However, if issues are not resolved within 48 hours, send an email to CBN’s eNaira Customer Support via email@example.com