Selects Barbados Based Cbdc Bitt Central Bank Nigeria Fintech Firm Project Technical Partner Access
: The CBN officially announced Bitt as the partner in August 2021.
Here are the key details surrounding this partnership and the launch of the eNaira: 🪙 The Partnership
: Intended to make cross-border and local transactions faster and more secure. 🚀 Timeline and Launch : The CBN officially announced Bitt as the
: Aimed to bring millions of unbanked Nigerians into the formal financial system.
: The Central Bank of Nigeria (CBN) chose Bitt Inc. to build its digital currency. : The Central Bank of Nigeria (CBN) chose Bitt Inc
: The eNaira was officially launched on October 25, 2021, by President Muhammadu Buhari.
The Central Bank of Nigeria selected Barbados-based fintech firm Bitt as its technical partner for its central bank digital currency project. The Central Bank of Nigeria selected Barbados-based fintech
: Nigeria became the first African nation to fully launch a retail central bank digital currency.