Post
Topic
Board Politics & Society
Re: Nigeria to start piloting digital currency in October. Bitcoin.com
by
Pokapoka124
on 12/08/2021, 06:10:33 UTC
Bank exchange fees between African countries are very high, which is a big problem. Nigeria and Ghana have close trade relations. This is also one of the reasons why the two countries have successively launched digital currencies.
They haven't launched digital currencies yet. They are still just talking about it. And knowing the Nigerian government so well I doubt it will ever come to fruition.
[quote author=usernameyaya link=topic=5353104.msg57650798#msg57650798 date=1628474545

 This trend will also spread to other countries in Africa. After all, the operation of cryptocurrency is efficient.
[/quote]
This is not the kind we want to be spreading. CDBC is not a good thing for the crypto community. It is only a means for government to keep control of one's finances and has nothing to do with the cryptocurrency adoption. CDBC is a fruitless attempt by governments to replace bitcoin.