Nigeria push CBDC by limiting ATM withdrawals

Nigeria & CBDC push

About CBDC

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Nigerian CBDC

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Pushing eNaira

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Desperation for CBDC

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Controversy around CBDC

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India launches CBDC

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We're on You Tube

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Nigeria & CBDC push

Nigeria & CBDC push

About CBDC

About CBDC

CBDC is Central Bank Digital Currency. It's based on Distributed Ledger Technology which is controlled by the Central Banks of every nation.

Nigerian CBDC

Nigerian CBDC

Nigerian CBDC eNaira was launched in 2021. It failed to attract citizens & resulted in poor adoption.

Pushing eNaira

Pushing eNaira

In order to push eNaira, Nigerian govt. announced to limit daily ATM cash withdrawals to $45 (20,000 Naira).

Desperation for CBDC

Desperation for CBDC

Nigerian govt. wants to discourage cash usage and switch completely to CBDC. It has also taken steps to ban old paper money

Controversy around CBDC

Controversy around CBDC

CBDC is promoted to increase system efficiency at low cost. However, it is also a way to track user funds & give central bank the power to freeze funds.

India launches CBDC

India launches CBDC

Swipe up & checkout RBI efforts towards CBDC.

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We're on You Tube

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