Yesterday, the Central Bank of Nigeria (CBN) announced that it has awarded the contract for its eNaira digital currency to Bitt, a global fintech company specializing in central bank digital currency (CBDC) solutions. As previously reported, pilots are due to start in October.
The startup was key to the launch of the Eastern Caribbean Central Bank’s CBDC pilot in April of this year. It is now entering the African market with the continent’s biggest population.
“Bitt is proud to partner with the Central Bank of Nigeria to launch the first live retail CBDC in the largest economy in Africa. Digitizing the Naira will benefit the entire Nigerian financial ecosystem,” said Bitt’s CEO, Brian Popelka.
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