It's no news that countries have started to think of the prospect of making Bitcoin a legal tender. I'm sure Our Nigeria as a nation have also been considering the pros and cons of such prospect. If, and when it comes to fruition, how does it affect our economy. Surely, we'll have a competitor and alternative for the unreliable nature of the naira, and a great alternative for the supposedly pushed proposition of the Enaira. Obviously, it would solve a lot of problems. Like the inflationary trends and a great store of value. The changes and effects could be limitless.
I supposed we all should have known by now that the E-Naira isn't a competitive economic tool out that, literally, it feels like a sham amongst other Digital asset, it has not gained enough recognition even amongst Nigerians and yes beyond the shores of Nigeria i doubt if it is in good use or withing the foreign exchange value change and it has no good sustainability backing, the adoption of Bitcoin would have done them even more good than the creation of the E-Naira that isnt serving as expect and so far its like a project most persons
are yet to be fully aware of.
I think there's still hope for the E-Naira if the present administration deem it necessary to look at it and review the opportunities that they can find around it, hopefully they will be able to position it for a global recognition and possible usage beyond Nigeria but agaiit will take so much work that I doubt they are willing to do or willing to invest in at this time.