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New Delhi: Cryptocurrency has been the biggest trend of the year 2021. From altcoins breakout to China’s ban, the crypto world has seen many ups and downs this year. The first half of the year 2021 saw a major gain and some heavy dumping but still, the craze for the coins has been kept on increasing. Who would have thought that Bitcoin will break through the $60,000 mark and with that altcoins like ETH, DOGE, and SHIB will attract tons of investors to this world. Analysts believe that the rise of digital currency is yet to begin as giants like Apple, Google, Tesla, Samsung, Facebook, and Paypal are ready to get into the market with their long-term strategic plans related to cryptocurrencies. Always remember that there are 2 two sides to every market and crypto has its too. The market is very volatile. A heavy swing or a sudden fall with no notice and this the reason that people find it very risky.

This comes days to its official launch on October 1st as earlier disclosed by the Central Bank of Nigeria governor, Godwin Emefiele. The site, on its welcome note, said the eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. It reads: Below are some things you should know: It is a digital storage that holds the eNaira. It is held and managed on a distributed ledger. It can be used for remittance which includes cheaper diaspora remittance option. It is traceable, hence, fraudulent activities can be traced. It can be used for both international and local trade. It has a unique identity and security structure It is exchanged peer to peer. It is universal – anybody can hold it. It does not yield any interest. Payments can be made by scanning QR codes. You can monitor your e-wallet activities. To create an e-wallet account, for smartphone users, download the eNaira app (termed “Speed”) from either the Google Play Store or Ap