Banks are already integrating the eNaira in their apps

The Central bank of Nigeria CBN recently postponed the launch of the eNaira indefinitely. The digital currency was supposed to be unveiled on October 1st, 2021. However, the postponement is not preventing banks from onboarding the eNaira feature on their applications.

In its latest update, the Guaranty Trust World app has integrated the e-Naira feature.

However, when opened, the bank said; “Kindly note that you will need to download and onboard on the CBN e-Naira speed wallet app to create your eNaira username and password.”

According to the CBN, the eNaira wallet is a digital storage to hold the e-Naira.

It added that it would be held and managed on a distributed ledger, and required to access, hold and use eNaira.

The bank said, “Your eNaira wallet offers a great way of making purchases with retailers on-site, transferring or sending money while tracking rewards programmes.

“You can link the e-wallet to your bank account or pay as you go with a prepay option.

“In addition, the embedded security token system makes your information unreadable to fraudsters because tokens are randomly generated every time you make a payment.”

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