eNaira can become a cheap payment solution for consumers and businesses and boost financial inclusion, according to EMURGO Africa.
In a statement to announce the report, EMURGO Africa, disclosed that weakening local currencies coupled with fragile economic backdrops had created rapidly growing demand for USD-pegged stablecoins on the continent, as consumers protect their asset values from free-falling and owners of SMEs seek cheaper and efficient ways of payment.
The Chief Executive Officer of EMURGO Africa, Ahmed Amer, stressed, “Web3.0 technologies are already redefining the African digital landscape, offering innovative solutions to long-standing challenges and empowering individuals and communities across the continent.
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