1# Is there anyone who is a big fan of CBDC? Guess what? The government will take different steps to make you use CBDC. You will not have many alternatives or, you have to pay more using paper fiat currency. This is not a story that might happen in the future. It's happening in front of our eyes. The Central Bank of Nigeria (CBN) takes an initiative to put an ATM withdrawal limit which is going to be effective on January 9, 2023. You will be allowed to withdraw $45 cash from the ATM per day and $225 cash per week. What if you need to withdraw more? To withdraw more cash, you have to pay a 5% fee for individuals and a 10% fee for businesses. Otherwise, you need to use CBDC, the eNaira.
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