As early as October, the Central Bank of Nigeria (CBN) may conduct a test of a digital currency.

So according to somebody who participated. And wanted to remain unidentified since the discussion was confidential. So Rakiya Mohammed, the bank’s head of information technology. Perhaps, stated during a webcast on Thursday that the pilot would start on Oct. 1.



According to Brian Behlendorf, chief executive of Hyperledger. However, there has also been a rise in the usage of Hyperledger’s fully accessible blockchain technology. For instance, such as Hyperledger Fabric, for CBDCs as well as other cryptocurrency initiatives.

So, “However, because our innovations are all open-source software. Hence we frequently don’t understand all of the methods and locations. As a matter of fact, Hyperledger software is really being utilized. And specifically ahead of release,” Behlendorf explained in a message through the mail. “ So It would indeed be great news if Nigeria’s digital currency initiative is based on Hyperledger Fabric. Because this would also verify Fabric as a CBDC channel.

Continue reading >>>>https://businesshob.com/nigerias-central-bank-digital-currency-pilot-to-start-oct-1/

We are waiting