Fintechs to explore eNaira for investment options

bank digital currency was created solely for financial transactions.

Jelil, however, said such products would be approved by the apex bank before they are rolled out. He did not give details about the likely investment opportunities but said the CBN would wait on the techies to come up with their initiatives. The regulator had earlier disclosed that USSD was part of the grand plan to drive the adoption in rural communities and areas where poor Internet connectivity.

He urged traders to see eNaira as their “reliable and secured” media for sending and receiving money, including cross-border financial transactions.

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