Nigeria’s Central Bank Limits Cash Withdrawals to Promote CBDCs
The authorities of Nigeria have recently introduced limits on withdrawal as part of the promotion of cashless alternatives and the expansion of the use of the national digital currency.
The authorities of Nigeria have recently introduced limits on withdrawal as part of the promotion of cashless alternatives and the expansion of the use of the national digital currency.
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"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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