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Nairaland Forum / Nairaland / General / Business / Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits (33950 Views)
E-Naira: Company Sues CBN For Trademark Infringement / CBN To Launch E-Naira Soon, Drafts Guidelines / Scorched By The Heat Of Dollar Scarcity And Transaction Limits? See The Solution (2) (3) (4)
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Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Freethinker87: 8:16am On Sep 02, 2021 |
adonainana: Lori Iro!! I'm not sure you're a tech person because if you were you'll know that this business model is unsustainable in the long run. The CBN is being deceitful by calling this service free when in actual fact, they're only trying to draw Nigerians in before imposing heavy charges on transactions. It is true it is not cryptocurrency, it is only a ledger but ledgers still need to be hosted and maintained by competent engineers through very complex algorithms. Hosting a service of this magnitude on AWS will cost a lot of $$$$. Salaries for backend developers don't come cheap, we're talking about over $50,000 per engineer and that's pretty cheap. Where's this money going to come from? What's CBN's revenue model? 4 Likes 1 Share |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 8:18am On Sep 02, 2021 |
Dead on Arrival,,They should teach COWS how to use it,Since they Value Cows more. 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ultiabaz36(m): 8:22am On Sep 02, 2021 |
Wallet that idiot stanbic did that I can't withdraw my money from it till today. CBN is sha looking for all means to cripple Nigerians. 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by rummmy: 8:38am On Sep 02, 2021 |
CBN should state on its term and condition that it will never impose any charge till forever... See as them paint am so good. Trust CBN at your own peril. 2 Likes |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Okuda(m): 8:39am On Sep 02, 2021 |
Lexusgs430: lol. up and coming. I see you. |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by panpan(m): 8:54am On Sep 02, 2021 |
It appears that this e-naira digital currency plan is not about improving the economy, but about the federal government having total control of everybody's finances. If cash in Naira is phased out, then the federal government, through the CBN, can decide to block any person's digital account for any reason or even for no reason. The victim would not be able to back up his finances with cash. This is a very dangerous situation. 4 Likes |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ProJectAnatot(m): 8:58am On Sep 02, 2021 |
Lexusgs430:Thank you sir. Lol. On a serious note sir, pls what criteria do you use to buy coins for long term HODL apart from Max supply and use case? |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by yetunsbay(m): 8:58am On Sep 02, 2021 |
Esseite:Are you tired of above charges ? Then be on Standard Chartered bank/Carbon/Kuda(I learnt they offer same service) 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 9:01am On Sep 02, 2021 |
ProJectAnatot: I have loads of apps, I read from and get signals ..... Apps like the premium version of insider, the crypto app, crypto signals etc etc....... I no get juju or red pot, under my pillow......... 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 9:02am On Sep 02, 2021 |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ericmor: 9:03am On Sep 02, 2021 |
NotBeenPaid: If u are in that kind situation as shown in d picture, just wear any slippers and move, no stress. Na u wey come out no see anything put for leg go dey worry |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ProJectAnatot(m): 9:13am On Sep 02, 2021 |
Lexusgs430:Juju or red pot for crypto kwa . Anyways thanks |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Hamachi(f): 9:20am On Sep 02, 2021 |
Freethinker87:you are smart |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by phr33man(m): 9:20am On Sep 02, 2021 |
thebosstrevor1: I know they hold bulk volume of crypto like they control forex market. Do not forget that those running these financial institutions are capitalist. Once crypto gains ground, the need for more labour force will reduce drastically. As capitalist, even when they make huge profit they still retrench once they sight much labour force isn't required for a task. They are always thinking of maximizing profit |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Hamachi(f): 9:28am On Sep 02, 2021 |
panpan:Another angle 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 9:31am On Sep 02, 2021 |
phr33man: labour force won't be reduced because of crypto. It has infact created lot of new jobs and wealth for people. Crypto is wealth creation for everyone. Also crypto is classified as an "asset" all over the world, so it just like trading in stocks. |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 9:37am On Sep 02, 2021 |
Lexusgs430: Hedging your liquid asset against the dollar is a very b bad idea. As a rule You don't edge your liquid asset against the dollar but against high return assets like real estate, bond, stocks, arts, expensive drinks, very expensive wristwatches, golds and other assets that brings returns in the long run |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 9:41am On Sep 02, 2021 |
byteem: I am telling you. People have even had their BVN blacklisted and they can’t operate a Nigerian account because of the ban on crypto. How do you suggest one go about a watchlisted BvN Pls 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by deeva2: 9:47am On Sep 02, 2021 |
ITS ACTUALLY A GOOD DEVELOPEMENT AND INITIATIVES IF WELL ORGANIZED AND MAINTAINED CHECK MY SIGNATURE IF YOU ARE APPLYING TO STUDY ABROAD/STUDENT VISA/ |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by plankyjacky(m): 10:02am On Sep 02, 2021 |
The fear of blockchain is the begining of wisdom . It is either you join the bandwagon or you are left behind. If the system will eliminates the hidden and unessary charges by banks 2 Likes |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ojonugba2014(m): 10:06am On Sep 02, 2021 |
Lexusgs430: Ada is a semi stable coin Buy fantom |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 10:07am On Sep 02, 2021 |
Cd 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 10:11am On Sep 02, 2021 |
ojonugba2014: Would read up on it........ And watch trends....... Then decide....
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Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Okuda(m): 10:11am On Sep 02, 2021 |
Lexusgs430: ekene dili chukwu |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 10:14am On Sep 02, 2021 |
thebosstrevor1: Which currency would I use to buy stocks, properties, bonds, funds and commodities......... 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 10:25am On Sep 02, 2021 |
Lexusgs430: You can buy in naira, it is not neccesary that you must use the dollar. Even if you are using the dollar, you are buying assets and not dollar to edge against inflation. |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by jimter44(m): 10:26am On Sep 02, 2021 |
I believe, this is just like other wallets i.e Opay, Fets, Palmpay etc. It's not in any way related to cryptocurrency. A normal cryptocurrency should be on block chain technology. 1 Like |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 10:32am On Sep 02, 2021 |
thebosstrevor1: But all I have is £, $ & €........... |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 10:37am On Sep 02, 2021 |
Lexusgs430: Then use it to buy your asset in naira or what ever currency you have. People are also making a killing through the Nigeria stock exchange, real estate and bonds |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 10:42am On Sep 02, 2021 |
thebosstrevor1: Rather than invest in real estate in Nigeria, I would use my money carry olosho's............ |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 10:44am On Sep 02, 2021 |
Lexusgs430: It is your money, your choice |
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 10:49am On Sep 02, 2021 |
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