Last week, the Central Bank of Nigeria announced new features for its central bank digital currency (CBDC), the eNaira, in an effort to boost its service offerings and continue driving user adoption.
The CBDC will now support NFC technology, the same technology used by Apple and Google Pay for contactless payments. It also enables peer-to-peer (P2P) transfers. . Additionally, the central bank will allow users to restrict payments with enhanced programmability functions, including for government aid programs such as farmer loans.
A month after the ousting of its central bank governor, which initially cast a cloud over the future of the eNaira, Nigeria continues pushing for the widespread adoption of its CBDC with new innovative features.
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