The plan to make available this digital currency was announced weeks ago, following the ban on cryptocurrency in Nigeria.
Some of the reaction to this launch are as follows:
It remains to be seen how Nigerians will embrace this platform following the ban on cryptocurrency.
A good number of Nigerians have invested on other online currencies.
Around the world, people who invested very early in bitcoin made a lot of money for themselves.
Currently a single bitcoin is valued at over $60,000.
The Nigerian government may have to use incentives to get people to download the app.
Bonuses for downloading the app and investing could go a long way to encourage people to invest in the currency.
Regardless of what the incentives, Nigerian may not trust this government's digital currency, given the way the naira has lost value.
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