Is cNGN Changing Nigeria’s Digital Economy? 🇳🇬
The #cNGN , a novel digital currency, complements Nigeria's eNaira.
Unlike the central bank's eNaira, the cNGN is overseen by a consortium of leading Nigerian banks. This #stablecoin mirrors the Naira's value, facilitating global transactions across multiple blockchains.
Supported by major banks and tech firms, such as Access Bank and Ethereum, it aims to streamline blockchain technology within Nigeria's financial system.
The cNGN stands as a regulated stablecoin supporting #innovation in Nigeria's digital economy, offering an alternative to the eNaira's broader capabilities.