Breaking: eNaira Speed Wallet Disappears From Google Play Store 48 Hours after Launch

Breaking: eNaira Speed Wallet Disappears From Google Play Store 48 Hours after Launch

  • After reaching the milestone of 100, 000 downloads, the eNaira speed wallet app has reportedly disappeared from the Google Play Store
  • The version of the app on the Apple App Store for iPhone users is, however, still available for download
  • President Muhammadu launched the digital currency on Monday, October 25, making Nigeria the first African country to do so

The eNaira speed wallet has disappeared from the Google Play Store barely 48 hours after its launch, a report by The Punch has stated.

The newspaper, however, noted that the eNaira merchant wallet, which is designed for businesses, is still running and has over 10,000 downloads on the Google Play Store made available to Android users.

eNaira Speed Wallet Disappears From Google Play Store
Barely 48 hours after its launch, the eNaira speed wallet has disappeared from the Google Play Store. Photo credit: Femi Adesina
Source: Facebook

It was also gathered that the eNaira speed wallet on the Apple App Store was still active but had been upgraded.

Read also

CBN laments as fake eNaira Twitter account deceives Nigerians with N50bn giveaway after Pres Buhari launch

Checks by Legit.ng also indicates that the app is no longer available on the Google Play Store which is for Android phone users. Those using iPhones, however, are still accessing the app.

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To access the eNaira, users have to download the ‘speed wallet’, which allows them to conduct transactions with speed and ease. It is a digital storage that holds the eNaira and is held and managed on a distributed ledger.

eNaira app suffers hitches 48hrs after launch

Reporting the same development, The Nation also stated that the eNaira speed wallet application is down.

The speed wallet for eNaira had recorded over 100,000 thousand downloads on the Google Play store alone after it was launched.

However, the newspaper stated that on Wednesday evening, October 27, the app could not be downloaded, noting that "the information reads “try again”.

Read also

BVN issue trails Nigeria's eNaira app 24hours after President Buhari's launch

Buhari launches eNaira

President Muhammadu Buhari launched the digital currency on Monday, October 25, making Nigeria the first African country to create a Central Bank digital currency (CBDC).

eNaira is a digital currency issued by CBN. It’s a digital form of the naira that is housed in a secured wallet called the eNaira wallet.

The digital currency has two applications — eNaira speed wallet and eNaira merchant wallet.

Why I approved CBN’s plan to launch eNaira - Buhari

Meanwhile, President Buhari has commended the CNB for creating Africa’s first CBDC, eNaira, saying the country will reap many benefits from the initiative.

At the launch of the currency, the president said his approval was “underpinned by the fact that the CBN has been a leading innovator in the form of money they produce, and in the payment services they deploy for efficient transactions.”

The CBN had engaged a Barbados-based digital financial technology firm, Bitt Inc, as a technical partner to develop the eNaira app.

Source: Legit

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