CBDC News: Central Bank of Nigeria’s CBDC to take off on 1st October

The Central Bank of Nigeria (CBN) presented its Central Bank Digital Currency (CBDC) initiative to stakeholders on Thursday and revealed the launch of the pilot project of CBN’s Central Bank Digital Currency (CBDC) to be on 1st October. The CBDC project, also known as ‘GIANT’, will be operating on the hyper-ledger fabric blockchain, i.e.