On October 25, Nigeria became the first country in Africa to introduce a digital currency, with the launch of the eNaira. Its introduction has been bumpy, and local financial industry insiders have questioned the practical need for a digital currency in a currently struggling economy.⁠ ⁠ In theory, Nigeria’s digital currency will improve access to financial services for the 55% of adult Nigerians who are unbanked. It’s also designed to simplify payments of government stimulus packages and improve the process of receiving international remittances.⁠ ⁠ Click the link in our bio to read the full story. Photo by Dia Dipasupil/Getty Images/Zenith Bank.⁠ ⁠ #eNaira #digitalcurrency #nigeria #financialindustry