Nigeria’s Central Bank Says Its Digital Currency Pilot Will Start October 1

Nigeria’s Central Bank Says Its Digital Currency Pilot Will Start October 1

The Central Bank of Nigeria is set to launch the pilot of its central bank digital currency on Oct. 1, the Peoples Gazette reported Friday.

  • The bank's information technology director, Rakiya Mohammed, announced the date during a webinar on Thursday.
  • Hyperledger fabric blockchain, the open-source and permissioned distributed ledger, has been tapped to run the project named GIANT.
  • Mohammed also said the bank may conduct a proof-of-concept before the end of 2021.
  • This story will be updated accordingly.

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