Nigeria's eNaira Digital Currency Had an Embarrassing First Week
The eNaira is supposed to live within a mobile wallet, have the same value and be interchangeable with the physical naira for everyday transactions. Nigerians believe the eNaira, which is governed by a centralized blockchain, is part of the central bank's drive to discourage cryptocurrencies' popularity among Nigeria's youth, just like China's effort with the digital yuan. From a report: And so last week, Nigeria's central bank made two types of eNaira wallets available on Google and Apple stores: one for individuals, and another for merchants. But some users say parts of the wallet for individuals have not worked properly. Fisayo Fosudo, a Nigerian YouTuber who reviews gadgets and apps, said he and three friends initially got error messages that the eNaira app could not match their emails to their bank verification numbers. He would later register successfully but found broken links that did not lead to helpful support pages on the central bank's website. "Was really looking forward to reviewing the eNaira app but it's been hard to get it to work seamlessly. We wait," Fosudo said. After many users left poor reviews for the Android version of the eNaira app for individuals, it was taken down. It had been downloaded 100,000 times before that. The Apple Store version remained available at press time.
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