e-Naira: Nigeria’s new digital currency which is not a cryptocurrency

Africa

Some African countries are racing to adopt the concept of a central bank digital currency, as they look to ride the wave of popularity of cryptocurrencies.

The continent’s largest economy, Nigeria, has launched its own digital currency, the e-Naira. The digital currency is the first of its kind to be issued through a government entity in Africa.

So, what difference could it make? Clarisse Fortune explains.