WATCH: Nigeria launched digital currency eNaira. Africa's biggest economy joined the Bahamas, the first country to launch a general-purpose central bank digital currency
Africa's most populous nation joins the Bahamas, the first to launch a general purpose central bank digital currency, known as the Sand Dollar, in October. China has ongoing trials and Switzerland and the Bank of France have announced Europe's first cross-border experiment.
Nigeria's young, tech-savvy population has eagerly adopted digital currencies. Cryptocurrency use has grown quickly despite a Central Bank ban in February on banks and financial institutions dealing in or facilitating transactions in them. The Central Bank of Nigeria's logo is seen on its headquarters building in Abuja, Nigeria, January 22, 2018. REUTERS/Afolabi Sotunde/File Photo
"There are more questions than answers, even though we are looking at the launch of this digital currency. The fact that this is the case so late in the game is concerning," he told Reuters.
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