President Muhammadu Buhari on Monday, launched Nigeria’s first digital currency, e-Naira.
Buhari unveiled the digital currency at the State House with top government functionaries in attendance.
The digital currency was flagged off with over N500m of the currency minted.
However, as the new eNaira hits Nigerians, here is the list of 12 things to know as compiled by DAILY POST
It is a digital storage that holds the eNaira.
It is held and managed on a distributed ledger.
It can be used for remittance, which includes a cheaper diaspora remittance option.
It has a unique identity and security structure.
It is universal – anybody can hold it.
It does not yield any interest.
Payments can be made by scanning QR codes.
You can monitor your e-wallet activities.
First digital currency in Africa.