Did you know that CBN is planning to launch its own digital currency on Independence Day?
According to report, the Central Bank of Nigeria (CBN) has plans to launch its own digital currency. The CBN has picked October 1, 2021, as its launch date.
At a recent press briefing, the Director of IT at the CBN, Rakiya Mohammed, confirmed this development and noted that the apex bank has studied digital currency landscspe since 2017, and is certain digital currencies hold some tools to help it achieve its goals as the apex bank of the nation.
The digital currency initiative is tagged Project GIANT, and it will use the Hyperledger Fabric Blockchain.
The Nigerian government is so confused. Is this not same CBN that banned crypto currency in the country couple of months ago? Nawao.
From the onset, I knew they were fighting a loss battle. But I never knew it’d get to this point..creating a digital currency. Just like when one eats his or her vomit. Laughable.
Anyways, regardless of their initial misplaced priority, digital currency might help the economy tho. Don’t you think so?
CRYPTO GUYS!! Would You Purchase/Invest In The CBN New Crypto Currency?
Do You Think It Would/Could Boost Our Economy?
Let’s hear from you all.
Drop your comment below