The Central Bank of Nigeria (CBN) may have concluded plans to launch its own digital currency on October 1, 2021.
According to reports, the CBN alongside stakeholders picked Independence Day as its launch date.
The apex bank’s Director of Information Technology, Rakiya Mohammed, disclosed recently that the apex bank had studied the digital currency landscape since 2017.
The digital currency initiative is tagged Project GIANT, and it will use the Hyperledger Fabric Blockchain.
The CBN Governor, Mr. Godwin Emefiele, had announced that the bank was working on a digital currency during the 306th Banker’s Committee meeting.