Nigeria will pilot central bank digital currency in October

For most of 2021, the Central Bank of Nigeria (CBN) has been Its anti-cryptocurrency measuresHowever, the agency doubled its investment and research on blockchain, the underlying technology of encryption, this week, and set a clear date for its blockchain-driven central bank digital currency (CBDC) pilot program.

According to reports, CBN will be emission The “GIANT” pilot program, which is a CBDC project developed since 2017, runs on the open source blockchain Hyperledger Fabric.