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Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg

Nigerians have been turning to the country's central bank digital currency (CBDC) eNaira, amid cash shortages, according to Bloomberg. The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year. The CBDC was introduced in October 2021. "The Hash" panel discusses the eNaira experiment and crypto's use case as an alternative to economic uncertainty.

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Política

Використання гаманця eNaira в Нігерії, транзакції зросли через дефіцит готівки: Bloomberg

З жовтня кількість гаманців eNaira зросла більш ніж у 12 разів до 13 мільйонів, а вартість транзакцій цього року зросла на 63%.

A shortage of cash in Nigeria has prompted more Nigerians to use the country's digital currency. (TVC News)

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WomenInDeFi Brand Strategist on Women In Crypto: Blockchain Gives us Opportunities

As part of International Women's Day, WomenInDeFi Brand Strategist Umeh Chinonye discusses how blockchain and Web3 technology are bringing more opportunities to women, particularly in Nigeria. "Blockchain give voices to the unseen," Chinonye said.

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International Women’s Day 2023: Women in Crypto

As part of International Women's Day, WomenInDeFi Brand Strategist Umeh Chinonye, along with MenaPay CEO and co-founder Çağla Gül Şenkardeş, join "First Mover" to discuss how women in crypto are fighting for the underrepresented in the space from Nigeria to Turkey.

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Opinião

Відмова нігерійців від їх CBDC є попередженням для інших країн

Нігерійці протестують проти цифрової валюти африканської країни та вимагають відновлення доступу до паперових грошей, незважаючи на урядові стимули.

Nigerians waiting to withdraw naira banknotes (Benson Ibeabuchi/Getty Images)

Política

Нігерія обирає Бола Тінубу президентом через нестачу грошей

Тінубу замінить Мухаммаду Бухарі, уряд якого випустив eNaira та заборонив банкам взаємодіяти з Крипто .

Nigerian flag (Emmanuel Ikwuegbu/Unsplash)

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How Nigeria’s Presidential Election Could Impact Crypto Adoption

Reuters reports that candidate Bola Tinubu is currently in the lead for Nigeria's presidential election, but opposition parties are flagging concerns of fraud. This comes as the New York Times reports that fights have broken out at banks in the past week as the country faces cash shortages. Afropolitan Co-founder Eche Emole discusses the state of economic uncertainty in Nigeria, how the election could impact bitcoin adoption and the use cases of crypto as a tool for financial freedom. 

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Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages

Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election. Still, people are not turning to the national digital currency, the eNaira, which promised to improve retail payments. "The Hash" panel discusses the case for crypto adoption and CBDCs in Nigeria amid economic uncertainty in the country. 

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