0 sats \ 0 replies \ @KenyaCoin OP 26 Oct 2022 \ on: Nigeria to redesign N200, N500 & N1,000 notes and demonitize old notes Jan 2023 bitcoin
Nigeria's central bank is also making a hard court press to (eventually) become cashless:
CBN Begins Enforcement Of 100% Cashless Economy Today https://independent.ng/cbn-begins-enforcement-of-100-cashless-economy-today
This includes providing a subsidy for a specific use of the eNaira CBDC:
Shunned CBDC Looks for Street Credibility in Nigeria #85474 https://www.bloomberg.com/news/articles/2022-10-25/shunned-digital-currency-looks-for-street-credibility-in-nigeria [Archive]
Last week they (Central Bank of Nigeria, or CBN) announced a domestic card payments network:
By launching a card payment scheme, Nigeria will join the likes of India, Brazil, and Turkey, all of whom have domestic card payment schemes.
The CBN wants to create ATM cards, could compete with Mastercard, Visa, and Verve https://techpoint.africa/2022/10/26/cbn-domestic-card-scheme
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