Selects Barbados - Based Cbdc Bitt Central Bank Nigeria Fintech Firm Project Technical Partner

The Central Bank of Nigeria selected Barbados-based fintech firm Bitt as its technical partner for its central bank digital currency project.

: The CBN officially announced Bitt as the partner in August 2021. The Central Bank of Nigeria selected Barbados-based fintech

: The project resulted in the creation of the eNaira, Nigeria's sovereign digital currency. The Central Bank of Nigeria selected Barbados-based fintech

: Aimed to bring millions of unbanked Nigerians into the formal financial system. The Central Bank of Nigeria selected Barbados-based fintech

: Designed to reduce the high cost of sending money into the country.

: Nigeria became the first African nation to fully launch a retail central bank digital currency.

: The Central Bank of Nigeria (CBN) chose Bitt Inc. to build its digital currency.