Last year, Nigeria launched its much-ballyhooed eNaira, Africa’s first central bank digital currency (CBDC).
The jury is now in.
The eNaira has been a massive failure.
Here’s what really comes next...
Hint: it’s not what the elites hoped for
The jury is now in.
The eNaira has been a massive failure.
Here’s what really comes next...
Hint: it’s not what the elites hoped for
Central bankers, academics, politicians, and an assortment of elites from over 100 countries hoping to launch their own CBDCs have closely followed the eNaira.
They used Nigeria—Africa’s largest country by population and size of its economy—as a Petri dish to test their nefarious plans to use CBDCs to enslave the people of North America, Europe, and beyond.
According to Bloomberg, only 1 in 200 Nigerians use the eNaira. That’s even after the government implemented discounts and other incentives as desperate measures to increase adoption.
This came as a surprise to the elites...
This came as a surprise to the elites...
Nigeria has one of the highest Bitcoin adoption rates in the world—ranking #11 among all countries.
They figured Nigerians wouldn’t be able to differentiate between Bitcoin and the eNaira—they are both digital currencies, after all.
They figured Nigerians wouldn’t be able to differentiate between Bitcoin and the eNaira—they are both digital currencies, after all.
The Bloomberg article admitted, “Nigerians’ passion for cryptocurrencies doesn’t extend to the central bank offering.”
It also said Nigerians view the eNaira as “a symbol of distrust in the ruling elite” and that the people view the government as “hostile to them and therefore have no interest in anything it introduces.”
To all the Nigerians rejecting the eNaira, I say bravo!
The failure of CBDCs in Nigeria could throw sand in the gears of the elites’ plan to implement them worldwide. That would be a big positive for human freedom.
The failure of CBDCs in Nigeria could throw sand in the gears of the elites’ plan to implement them worldwide. That would be a big positive for human freedom.
The flop of CBDCs in Nigeria is an encouraging development.
It also reveals an outcome that was probably the opposite of what the elites desired—increased Bitcoin adoption.
More details in the article below:
financialunderground.com
It also reveals an outcome that was probably the opposite of what the elites desired—increased Bitcoin adoption.
More details in the article below:
financialunderground.com
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