News of the Federal Government of Nigeria creating its own Digital currency has been spreading for weeks now. Is this the way forward? How can the same Government that ban banks from accepting any cryptocurrency related transaction change overnight and embrace the use of cryptocurrency? https://read.cash/@HappyBoy/digital-currency-by-the-government-a-farce-dd7300e2 in this article i state reasons why they are against cryptocurrency and reasons why this sudden announcement might just be a decoy or farce.
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3 comments
I might be wrong, but I think they are two different things. Digital currency is quite different from crypto in plenty of ways. May be I will have to research more
According to the news it will be in form of a coin (E-naira) . It requires one having wallet but will be attached to a bank. I might be wrong though, I'm open to corrections and observations.
Same here bro. Still trying to figure it out. But I know they are not the same.