The Central Bank of Nigeria selected Barbados-based fintech firm Bitt as its technical partner for its central bank digital currency project.
: Designed to reduce the high cost of sending money into the country.
: The CBN officially announced Bitt as the partner in August 2021. The Central Bank of Nigeria selected Barbados-based fintech
: The eNaira was officially launched on October 25, 2021, by President Muhammadu Buhari.
: Nigeria became the first African nation to fully launch a retail central bank digital currency. : The eNaira was officially launched on October
: The Central Bank of Nigeria (CBN) chose Bitt Inc. to build its digital currency.
: A digital financial technology company based in Barbados, known for its work on the Eastern Caribbean Central Bank's "DCash". 🎯 Project Goals to build its digital currency
: The project resulted in the creation of the eNaira, Nigeria's sovereign digital currency.