5 things you should know about eNaira
What is eNaira?
- eNaira is not a cryptocurrency.
- It is a Central Bank Digital Currency (CBDC) issued by the Central Bank of Nigeria (CBN) as a legal tender. It is the digital form of the Naira and will be used just like cash.
Will eNaira replace cash?
No, it will circulate alongside cash. The eNaira will complement cash as a less costly, more efficient, generally accepted, safe, and trusted means of payment
Is eNaira safe?
eNaira is safe and secured with cryptographic techniques against counterfeiting, cloning, and other forms of attack.
What are the benefits of eNaira?
The benefits of the eNaira are:
- Fast, cheap, reliable and available payment channels.
- Support digital economy.
- Improved economic activities.
- Simplified and easy cross border payments and trade.
- Inclusion of excluded people in the financial system.
- Improved effectiveness of monetary policies.
- Ease in tax remittance and collection to support the country’s growth.
- Ease in targeted social interventions to support Nigerians
What is an eNaira wallet?
- The eNaira wallet is a digital storage that holds the eNaira. It is held and managed on a distributed ledger.
- The eNaira wallet is required to access, hold and use eNaira
- You can access eNaira via the eNaira wallet in app stores such as Google Play store and the Apple App store.
For further enquiries,
please contact our Contact Centre at crc@coronationmb.com
About US
Need Help?
Visit the help centre or call :
About US
Customer Support
We are here to help you. Find the answers and while you are at it, tell us how we could do better.
