The website of Nigeria’s Central Bank Digital Currency has gone live with a local media outlet, THISDAY, reporting that the website has recorded over one million views in the last 24 hours. The number of visits, according to analysts, goes a long way to show interest.
According to a statement on the website, the CBDC otherwise known as the e-naira is expected to serve as both a medium of exchange and a store of value.
The digital currency will also “offer better payment prospects in retail transactions when compared to cash payments.” The Central Bank had earlier emphasized the e-naira will accelerate financial inclusion, enhancing both local and international trade.
The website reiterated the Central Bank’s claim that the e-naira will be similar to the physical naira. The CBDC will be exchanged between peers and anyone will be able to hold it.
This development comes just as Cryptotvplus suggests that the CBDC rollout might be derailed by a legal challenge that has been reportedly filed against the CBN by Enaira Payment Solutions.
The publication further reports that in its challenge, Enaira Payment Solutions, which was incorporated in 2004, insists it is the rightful and legal holder of the Enaira trademark.
Therefore, to protect itself from the ramifications of this “illegal act” by the CBN, the company says it has since approached the High Court where it hopes to get a restraining order against the central bank.
Besides dragging the CBN to court, the company has also warned the CBN against “using or purporting to use the name Enaira for its product or in any other way.”