Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4

Cointelegraph

Published Sep 04, 2021 04:30PM ET

Updated Sep 06, 2021 08:00AM ET

h4 /h4 h4 Nigeria’s central bank partners with fintech firm Bitt Inc. for CBDC rollout/h4

Central bank digital currencies, or CBDCs, which some have described as the spawn of Satan, made headlines this week after multiple countries ramped up efforts in developing their own digital money.

On Aug. 30, it was reported that the Central Bank of Nigeria, or CBN, issued preliminary guidelines for its proposed e-naira digital currency. On the following day, news broke that Barbados-based fintech firm Bitt Inc. signed on to work as the technical partner for the CBNs e-naira rollout.

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