But how the e-naira transfer go be like? e-naira to e-naira? Or will it be possible to transfer from e-naira app to local bank? If it's only e-naira to e-naira only e go make more sense cos banks go dey on the losing end.
I do not think the banks will be affected, e-naira can also be sent to bank account, I do not know if it is owns banks account or other people's bank accounts included, but I guess it will be both. Many Nigerians even still depend on paper naira, while many will prefer going to bank. So people can not do anything on their own until they go to bank themselves, such people can not use e-naira also. But after decades with increasing level of literacy, maybe e-naira transactions might surpass bank transactions and result to it, but I think it will not be possible as the CBN will do the appropriate regulation to let it be a win-to-win development inna way it will also favours banks.
[quote author=https://bitcointalk.org/index.php?topic=5121680.msg57818846#msg57818846
Indeed, the CBN plans to ensure seamless transfers between e-naira wallets and bank accounts with no fees for several types of transactions. The zero-fee structure is likely a means to incentivize the adoption of the digital currency, especially amid complaints about the onerous transaction costs associated with mobile and digital banking in the country.[/quote]
I Think their mission is different but to be honest with you I go prefer to have my flats saved as e-naira than having it saved in the bank, it would be secured in the hands of CBN than the banks, at least all those monthly charges no go dey and the transfer fees will be lesser with adequate flowing of services. CBN are trying to unbank their fellow banks lol
You are right about this, commercial banks like GTBank, First Bank and the likes always charge users too much, all because they have too many customers. But many Nigerians have resorted to Kuda banking, I noticed people mostly send to me using Kuda Microfinance Bank during P2P trading, I later had to download it when I also saw your comment with certain user in the past on this thread about Kuda, no fee for 25 transactions every month, I think this should be enough for no charges for up to 25 monthly transactions.
I too will make use of e-naira to be able to know the right one to use, but also indicated that not all transactions are free while using e-naira.
So, even Zimbabwe money wey we think sey na shit and worthless money dey dust owa naira too. Na wa oh. Dis wan don pass be careful oh. N1 is less than 1 Zimbabwean dollar. And some of us dey sey Zimbabwe money na shit money
I did not go much deeper into this, I was surprised to see Zimbabwean dollar not devalued up to naira, this can indicate good economy but not indicating how strong the fiat of a particular nation is, the strength is in the marketcap of the fiat, Zimbabwean dollar can not be compared to naira because more people use naira than Zimbabwean dollar while naira marketcap is much more higher than Zimbabwean dollar's marketcap while the price of both can can be controlled nby the respective governments. But being higher can indicate better standard of living, better good, higher rate of employment and import to export ratio. But does not indicate economic power, GDP and internally generated revenue and work force of a nation.