Towards Nigeria’s NairaCoin with Central Bank Support

Rwanda has executed a very fascinating vision and in line with my proposal for Nigeria to have a digital currency (NairaCoin or any other name) that is tied to the Naira and under the supervision of the Central Bank of Nigeria.  In Rwanda, I&M Bank has partnered with a Norwegian fintech company, Blockbonds, to launch a blockchain-based banking application called SPENN. SPENN does digitize national currencies and makes it possible for bank customers to perform different types of cost-free transactions. It has digitized the Rwanda currency, making the Rwandan Franc the first national currency to be digitized. It also means that mobile money may fade … Continue reading Towards Nigeria’s NairaCoin with Central Bank Support