Nigerians Can Now Pay Utility Bills with BTC and ETH

[Nigerians Can Now Pay Utility Bills with BTC and ETH] Golden Finance reported that Nigerians can now pay utility bills with BTC and ETH Gateway, using their Bitcoin and Ethereum holdings to pay for utility bills.

According to reports, the Nigerian Power Holdings Corporation (PHCN), formerly known as the Nigerian National Electricity Authority (NEPA), is an organization that manages electricity use in Nigeria.

Other news:

Central Bank of Nigeria Governor: Launched e-naira ensures Nigeria remains competitive in an increasingly digital world: Golden Finance reports that the recently launched digital currency e-naira ensures Nigeria remains competitive in an already digitalized world, said Central Bank Governor Godwin Emefiele To remain competitive in the country, the introduction of a Central Bank Digital Currency (CBDC) in Nigeria’s payments sector is expected to boost trade and investment activity. Emefiele's speech was the latest by government or CBN officials to reassure skeptical Nigerians. At the launch of the CBDC in October 2021, the country's President Muhammadu Buhari similarly touted the introduction of the digital currency, arguing that it would boost Nigeria's GDP by $29 billion over 10 years.

In addition to the statement, the CBN also used the various events it held as a platform to promote the use of CBDC. The latest such event is the 'eNaira - Africa's Gateway to the Digital Economy' hackathon, which kicks off on June 27 and is expected to run until July 21. (bitcoin.com) [2022/6/27 1:33:16]

Central Bank of Nigeria Delays Launch of E-Naira: On October 2, Central Bank of Nigeria (CBN) Spokesperson Osita Nwanisobi said that the much-hyped e-Naira Central Bank Digital Currency (CBDC) The launch of has now been postponed to a later date. Nwanisobi’s announcement came less than 24 hours before the CBN planned to launch the digital currency. (news.bitcoin) [2021/10/3 17:21:29]

Report: Crypto Activity in Nigeria Has Been Rising Since April: Golden Finance reports that Nigeria is the largest source of bitcoin trading volume in Africa and one of the fastest-growing crypto markets in the world, according to a report by trading platform Blockchain.com. The report also noted that Nigeria was the top performing country on its platform over the past three months. Blockchain.com’s web wallet has seen a 60% increase in usage in the region since April. [2020/8/7]