eNaira

eNaira is a cryptocurrency that is being developed by Nigeria. Bitt Inc was roped in as a technical partner. Barbados-based Bitt Inc had earlier helped in the development of the Eastern Caribbean Currency Union’s DCash – the first digital cash issued by a currency union central bank.
eNaira is expected to be launched later this year. This comes after the African country banned banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies. eNaira will operate as a wallet that can be used by the customers to hold existing funds in their bank account. It will boost the countryÂ’s financial inclusion and make remittance inflow faster and cheaper.

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