![Nigeria-Is-Introducing-Changes-to-Its-Central-Bank-Digital-Currency.jpg Nigeria Is Introducing Changes to Its Central Bank Digital Currency (CBDC) to Increase Usage](https://cryptotoptrends.com/wp-content/uploads/2023/07/Nigeria-Is-Introducing-Changes-to-Its-Central-Bank-Digital-Currency-678x381.jpg)
For many, using the eNaira isn’t straightforward. In March, the central bank said the value of eNaira transactions up to that point in the year was 22 billion naira ($48 million at the time). The country has a $220 billion informal economy that thrives on cash and has too few merchants and little infrastructure for extensive eNaira use.
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