@Fexonice1 27 September 2021 more from that month

Nigeria's crypto market is set for a boom or a burst as CBN launches its digital currency e-naira in four days. On October 1, Nigeria's central Bank will be launching the nation's digital currency e-naira, this may mean a boom for the crypto market as exchanges who are ready to comply with the government regulation in this regard may be given license to operate in the country again. However, we can not say how exactly this development could benefit the individual, should the government go the Chinese way, then it will be a burst for crypto holders in the country. The e-naira according to a report will be a stable coin, but we do not yet know which currency it's going to be backed by, the Nigeria naira has never been stable, I wonder which stable currency it will be backed by. if they chose to back it with USD that will be a breakthrough for the nation and could see the majority buying the e-naira like crazy. Another scenario to be expected is a force on everyone to use the e-naira in place of BTC and other cryptocurrencies.