Explainer: How To onboard eNaira Speed Wallet for iOS Users

Explainer: How To onboard eNaira Speed Wallet for iOS Users

Following the launching of Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, by President Muhammadu Buhari, on Monday, October 25, the Central Bank of Nigeria (CBN) has released Procedure for onboarding eNaira Speed Wallet for iOS Users.

This was released by the Apex bank on Facebook on Monday, October 25.

Procedure for onboarding eNaira Speed Wallet for iOS Users

Procedure for onboarding eNaira Speed Wallet for iOS Users

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What is eNaira?

Meanwhile legit.ng has earlier reported that in July, the Central Bank of Nigeria (CBN) released the guidelines on eNaira.

The eNaira will be a non-interest bearing currency and won't serve as a hedge to escape inflation which many have used Bitcoin and Ethereum.

Nigerians react over launch of digital currency, E-Naira

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The Central Bank of Nigeria also noted Nigerians won't be charged by the financial institution for the utilisation of the eNaira through POS or the banks.

Meanwhile, Legit.ng reported that as President Buhari formally unveiled the eNaira at the State House, Abuja, Nigerians on social media have reacted to the latest development.

Speaking on the development, many Nigerians have praised the government for the new initiative while others said the Muhammadu Buhari's administration got their priorities wrong.

Here are reactions from Nigerians following

Ademitunji Afolabimi

"What about the general public? What is the level of their preparedness about this digital currency? Or it only for the financial gurus and experts?
What sensitization have you done about the currency and how the general public can key into it use? Will it be acceptable by the Nigerian public?"

OluwaFemi J. Olagunju

"Under this present Central Bank governor, our economy has nosedive than ever before, and the naira is at its weakest.

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"Instead, the Central Bank of Nigeria has continually look for ways to exploit Nigerians through silly numerous bank charges. Instead of launching the e naira, the failed Central Bank governor should be interested in at least returning the value of naira to what he met when he got into office.
"The Central Bank governor witch haunted those who took part in EndSARS protest by placing embargo on their account. Why has he not done same to bandits or killer herdsmen?"

Source: Legit.ng

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