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‘Full implementation’ of Nigeria’s eNaira to occur in four phases, includes interoperability
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ambcrypto.comNigeria and its central bank have been making strides in terms of increasing utility of its national digital currency. The Central Bank of Nigeria [CBN] wants to make the e-Naira interoperable with other central bank digital currencies [CBDCs].
Interoperability has become an important part of the cryptocurrency world, while adding to the utility. With multiple nations working simultaneously on their digital assets and escalating the launch process, it will be crucial for the people to be able to use digital fiats across the world. Therefore, anyone owning a particular CBDC will be able to make a cross-border payment to the recipient in their own CBDC.
Currently, apart from Nigeria five other countries have launched their CBDC which includes
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