The e-Naira Launch Could Be Delayed Beyond October 1st

Nigeria’s central bank digital currency e-Naira is scheduled to launch on the first of October, less than a week away from now but according to a tweet from Nigerian tech expert, YouTuber and tech entrepreneur Fisayo Fosodu, the launch of the highly anticipated digital currency may be delayed till the 4^th of October. Rumours also have it that there is a possibility that the e-naira launch will be delayed.

Fisayo Fosodu’s tweet read “The e-Naira platform just went live (and has gotten 1 million views –enaira.com). The launch might be delayed from October 1^st until the 4^th according to reports”. Attached to the tweet was a screenshot of the e-Naira’s timer showing the amount of time left till the e-naira launches.

The e-naira website is already live, and according to popular opinion, this proves the apex bank’s readiness to launch the e-naira. The website is fully packed with information about the e-naira, links to download its associated wallet, and other information that Nigerians need to know. The informative website had details on what the e-Naira was all about. The “e-Naira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. e-Naira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. e-Naira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money”, the website said.

“With 81 countries and more on the race to develop own their Central Bank Digital Currencies, let it be very clear that we are not just another CBDC, we are a people-oriented digital currency leveraging technology to connect individuals and businesses for easy trading and financial inclusion. We push the boundaries, bridge the gaps, and tell actual humane stories. We are the foremost audience-centric digital currency brandishing a face”, the website also said.

Ahead of its launch, the e-Naira has recorded more than 1 million views on its website since it launched about 24 hours ago.

For now, the speculation on e-Naira’s launch being shifted to the 4^th of October remains a rumour. Until the central bank says otherwise, the e-Naira is set to launch on the 1^st of October to commemorate Nigeria’s 61^st independence anniversary.