THEME: Your Thoughts on the Central Bank Digital Currency

in Speak Peace3 years ago (edited)

Hey Hive Nigerians,

For this week's contest, we're going to be writing or making videos about our thoughts on the E-Naira and its utility.

The government of Nigerian just recently launched their own Central Bank Digital Currency and it has been the talk of everyone for the past 24 hours.

For this week, we're going to be sharing our ideas on this development. What exactly do you know about this CBDC? Is this what the country requires at the moment? Is this something you would subscribe to? And what do you think is the fate of cryptocurrencies as we know it due to this launch?

The Task

  • Create a video or write-up where you talk about YOUR THOUGHTS ON THE CENTRAL BANK DIGITAL CURRENY
  • Include #hivenaijaweekly #hivenaija and #naija-pob to make it easy for us to find you.
  • Post a link to your entry as a comment in this post

A few tips

  • Have fun with your post title
  • Feel free to pick any day of the week for the post
  • Share your post in the Hive Naija community.
  • Don't forget to post it on Twitter and other social media
  • For more exposure, use #hivenaija on other social media for more exposure

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This would really be an interesting discourse. I think I'm in for this.
Here's my thoughts on eNaira: https://peakd.com/hive-105727/@uyobong/nigerias-central-bank-digital-currency-cbdc-an-innovation-a-trap-or-a-waste

But honestly though, I don’t know how eNaira will improve the value of the currency, after having low ratings on google play, it is no longer there. It’s just damn crazy .

LoL I'm not surprised. Government always make horrible applications.

This is MY ENTRY to the contest.

E-naira is about the weirdest thing pertaining to Nigerian currencies and I sincerely don't think it'll work.