Nigerians reject the country’s CBDC in favor of Bitcoin

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tldr; Only 0.5% of Nigeria’s 217 million citizens are using the central bank issued digital currency, the eNaira, a year after its launch. The government and central bank have struggled to educate Nigerians about the CBDC and explain how it’s different from cryptos they are familiar with. Nigeria ranked 11th in the world in adopting cryptos, according to Chainalysis.

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