The token was later renamed GBDT (Gold-Backed Digital Token) to avoid confusion with the new official currency, also called ZiG, introduced in Q2 2024. GBDTs can be stored in e-gold wallets or e-gold ...

Bitget Wallet is capitalizing on worldwide financial anxiety with the launch of tokenized gold trading through PAXG—a token issued by Paxos. As gold prices surged over $3,200 in light of ...

Governments are also warming up to cryptocurrency. El Salvador made Bitcoin legal tender, and Nigeria launched its eNaira, a digital currency. These moves indicate a wider shift in attitudes. More ...

The Nigerian government imposed strict limits on eNaira wallets, including daily withdrawal caps and balance restrictions. ... Historical Parallels: Lessons from Fiat Money and Gold. The rise of fiat ...

According to the document, “The CBN shall continue to work towards enabling the use of eNaira Wallet/Channels by payers to pay into government accounts at the CBN, and, allow Ministries ...

For the individual wallet, 3 categories of wallets can be created: Bronze Wallet, Silver Wallet, and Gold Wallet. While the Bronze and Silver wallets are for people without bank account numbers, the ...

Nigeria is experiences in a fintech boom. But its disastrous rollout of its cryptocurrency eNaira has left the coin laguishing.

It means that 98.5 per cent of wallets, for any given week, have not been used even once,” the report stated. Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, was launched on 25 ...

Nigeria’s eNaira central bank digital currency (CBDC) has reached the one year mark, with International Monetary Fund (IMF) presenting a working paper on the CBDC’s first year of performance ...

Related: eNaira is ‘crippled‘: Nigeria in talks with NY-based company for revamp Only about 1.5% of wallets are active on any week, and there were only a total of 802,000 transactions during ...