The release of eNaira was officially announced via apress releaseissued by the Central Bank of Nigeria.
Medici Ventures is now part of alimited partnershipcontrolled by Overstock.com and Pelion Venture Partners, a venture capital firm.
“In 1999, that emerging technology was the internet and e-commerce.
Nigeria’s economy is the largest in Africa, with an annual GDP of roughly$432 billion.
In 2020, the country’seconomy contracteddue a COVID-19-driven increase in unemployment and reduced demand for exports.
Though economic conditions have improved,more than a thirdof Nigerian adults were unbanked in 2020.
Two digital wallets that support eNairalaunched on Mondayas well.
Still, his country’s embrace of the new technology has been limited and highly controlled.
In February, 2021, the Central Bank of Nigeriabarredthe nation’s banks and financial institutions from using cryptocurrency.
