Cryptocurrencies

    Nigeria CBDC and stablecoin cNGN potential unveiled

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    The Finna Protocol predicts company support for its currency post-launch, especially from the cNGN consortium in Nigeria.

    Nigerian cryptocurrency stakeholders are discussing the Central Bank of Nigeria's approval of the cNGN stablecoin and its potential adoption compared to Nigeria's eNaira.

    Created in December 2023 by the Africa Stablecoin Consortium, the cNGN aims to benefit holders and the Nigerian economy.

    Analysts anticipate a positive reception from Nigeria's crypto community. This optimism suggests a potential for widespread acceptance and usage within the Nigerian economy.

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