Business
CBN Announces Date To Launch Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will be launching the pilot scheme of its digital currency on October 1st, 2021.
TrackNews Online gathered that the CBN outlined its digital currency initiative via a private webinar held on Thursday.
According to Nairametrics, private sources revealed that the pilot scheme will be launched on October 1st, 2021.
It said that the press briefing delivered by the Director IT department, Rakiya Mohammed, at the end of the meeting explained that the Bank had been conducting research in regards to central bank digital currencies since 2017 and may conduct a proof of concept before the end of this year.
The project name is tagged Project GIANT and it will use the Hyperledger Fabric Blockchain.
Recall that CBN’s Governor, Godwin Emefiele had announced that the bank was working on a digital currency during the 306th Banker’s Committee meeting.
-
News2 days agoYahaya Bello: American International School Of Abuja Has Transferred $760,910.84 To EFCC Out Of $845,852
-
News6 days agoCourt orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m
-
Politics6 days agoEFCC: I am Ready to Appear in Court But Afraid of Arrest – Yahaya Bello
-
Business6 days agoAgain, Dangote reduces diesel, aviation fuel prices to N940, N980
-
Politics6 days agoCourt dismisses suit seeking Diri’s disqualification, awards N500,000 Fine
-
Sports7 days agoSamson Siasia Reveals How Poorly NFF Treats Nigerian Coaches
-
Politics3 days agoONDO 2024/ Akeredolu’s ex-deputy Agboola wins PDP governorship election primary.
-
News2 days agoWhy people do strange, incredible things for love – Psychologist