eNaira speed wallet registration page. (CoinDesk archives)
- The official unveiling of the eNaira – designed to complement Nigeria’s physical currency, not replace it – took place Monday; it had been announced last week.
- Nigeria’s government and central bank struggled with the rise of cryptocurrency in the country, leading to a ban on crypto transactions within the banking sector in February. Four months later, plans were announced to introduce the eNaira.