Is this the end of cash in west Africa?
Nigeria is about to launch Africa鈥檚 first digital currency controlled by a central bank. If other countries follow, could this be the beginning of the end for cash?
Nigeria is about to become the first country in Africa to launch a digital currency controlled by their central bank.
Instead of carrying notes and coins, Nigerians will have the option to carry electronic money in an e-wallet on their phones.
The eNaira will be issued directly from the central bank to users, in the hope of brining financial services to millions of unbanked people.
And with other country鈥檚 in the region making similar plans, could this be the end of cash in west Nigeria?
Host:
Alan Kasujja (@kasujja)
Guests:
Charles Gitonga, International Bussiness Journalist with 成人快手 Africa
Fadekemi Abiru, Editor in Chief at Sears Business
Podcast
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