Nigeria Naira (NGN USD) News and Quote: Bank Picks Partner For Digital Currency

Nigeria’s central bank selected Bitt Inc. as a technical partner to help create its digital currency by the end of the year.

This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, according to a statement by the CBN Director of Corporate Communications, Mr. Osita Nwanisobi .

Mr. Emefiele  said that the selection of Bitt Inc, from among highly competitive bidders, was hinged on the company’s technological competence, efficiency, platform security, interoperability, and implementation experience.

He added that in choosing Bitt Inc, the CBN would rely on the company’s tested and proven digital currency experience, which is already in circulation in several Eastern Caribbean Countries.

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