Thread by @FinPlanKaluAja1

eNaira 101.

eNaira is a sovereign, Legal Tender, managed by the CBN.

You take 750 Naira, buy MTN card.

Then send MTN card to Uncle.

Uncle takes MTN card to Vendor, who gives him N750, no bank fees.

Replace "MTN" with "eNaira" replace "vendor" with "Bank"

The eNaira is pegged to the Naira.

This means you can load your wallet with eNaira and pay taxes to FIRS, no bank fees, no transaction fee, instant transfer, 24/7/365.

It is blockchain-enabled, but not crypto, thus you can track payments, it helps in stopping fraud.

Overall, this is a good start.

The CBN is now in the blockchain, which means other banks can also create their own eCoins, even tagged to the eNaira.

eZenith pegged to eNaira, used to pay Customs duty.

Next, eZenith pegged to eYuan, essentially a swap for importers.

eJAMB, eDSTV, eEnyimba FC or simply put every corporate will start to use eCoins, it is cheaper and safer.
Soon, eATM and ePOS machines.

All running on the blockchain.

Then the FINTECH boys will take over.

Investment advise? In a gold rush, invest in shovels, not gold