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Nigeria’s President, Muhammadu Buhari, unveiled the nation’s new digital forex platform, eNaira, on Monday. It’s Africa’s first digital forex.
The brand new service will permit Nigerians to make contactless funds, transfer cash between accounts and handle their accounts just about. Not like different digital currencies, nonetheless, the eNaira isn’t an unregulated cryptocurrency. As a substitute, it is going to be pegged to the naira itself, which suggests its worth will even fluctuate in opposition to the U.S. greenback.
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