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jayboi
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2024-09-19 18:27:33

jayboi on Nostr: Which companies are developing e-Naira? The Central Bank of Nigeria partnered with ...

Which companies are developing e-Naira?

The Central Bank of Nigeria partnered with Bitt, a global financial company, to help bring the e-Naira technology to life.

How much privacy does e-Naira have?

Its operation is similar to the usual process of sending Naira from one bank app to another. As far as I know, e-Naira's privacy is very different from digital currencies like Bitcoin. The security in e-Naira mainly comes from KYC (Know Your Customer) requirements, encryption to protect user information, and it follows Nigeria's laws and regulations.

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