50,000 users download eNaira App 24 hours after official launch

…as 33 banks join platform

Just 24 hours after President Muhammadu Buhari launch the eNaira platform, no fewer than 50,000 Nigerians have downloaded its mobile application.

The 8.8 megabytes app is designed with green as its dominant colour, with a mixture of white and black.

According to the offeror of the App, the Central Bank of Nigeria, the 1.0.0 version needs permission to take pictures and videos.

“eNaira Speed Wallet is a fast and convenient way to conduct financial transactions. Your money is guaranteed and secured with the Central Bank of Nigeria. eNaira Speed wallet is a fast and convenient way to conduct financial transactions,” CBN said while telling users about the App.

It was observed that it enables payment of people using only their verified user name.

33 banks join platform

The Governor of the Central Bank of Nigeria, Godwin Emefiele, yesterday, during the launching said 33 Nigerian banks have joined the eNaira platform and the apex bank has minted N500 million worth of digital currency.

Emefiele said this at a ceremony to launch Nigeria’s Central Bank Digital Currency on Monday, at the presidential villa, noting that the platform has recorded an influx of users.

He said, “33 banks are fully integrated and live on the platform, 500 million has been successfully minted by the Bank, N200 million has been issued to financial institutions, over 2,000 customers have been onboarded and over 120 merchants have successfully registered on the eNaira platform.”

The CBN Governor also explained that the eNaira and the physical Naira are the same legal tender and will have the same value which will be accepted anywhere in the country.

”As the tagline simply encapsulates, the eNaira is the same Naira with far more possibilities. The eNaira – like the physical Naira – is a legal tender in Nigeria and a liability of the CBN. The eNaira and Naira will have the same value and will always be exchanged at 1 naira to 1 eNaira,” he added.

Emefiele also added that since the eNaira platform went live, the website receives over 2.5 million visits daily while pledging that “there would be strict adherence to the Anti-money Laundering and Combating the Financing of Terrorism standards in order to preserve the integrity and stability of Nigeria’s payment system.”

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