Selects Barbados Based Cbdc Bitt Central Bank Nigeria Fintech Firm Project Technical Partner 🎯 Must Try

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

: A digital financial technology company based in Barbados, known for its work on the Eastern Caribbean Central Bank's "DCash". 🎯 Project Goals

Here are the key details surrounding this partnership and the launch of the eNaira: 🪙 The Partnership : A digital financial technology company based in

: Aimed to bring millions of unbanked Nigerians into the formal financial system.

: Nigeria became the first African nation to fully launch a retail central bank digital currency. : The project resulted in the creation of

: The project resulted in the creation of the eNaira, Nigeria's sovereign digital currency.