Nigerians Not Eager To Embrace Central Bank Digital Currency

Nigerians Not Eager To Embrace Central Bank Digital Currency

Jernej Furman/Flickr Images

Violent protests in Nigeria reveal that getting average people to embrace central bank digital currencies (CBDCs) might be more difficult than government officials would like…Nigerians recently took to the streets to protest a cash shortage caused by government policies adopted in order to push the country into the adoption of its central bank digital currency (CBDC)…Protesters attacked bank ATMs and blocked streets, and demonstrations turned violent in some cities.

 

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