A Critical Examination of the Benefit of E-naira Platform to Nigeria Citizens

A Critical Examination of the Benefit of E-naira Platform to Nigeria Citizens     CHAPTER ONE INTRODUCTION 1.1 Background Of The Study According to the Financial Action Task Force (FATF 2014), digital currency is a digital representation of value that is digitally transmitted while functioning as a medium of exchange, unit of account, and store of value, and it works exclusively by agreement among virtual currency users. Similarly, The European Banking Authority (2015) defined virtual currency as "a digital representation of value that is not issued by a central bank or a public authority, is not necessarily attached to a fiat currency, but is accepted as a means of payment by natural or legal persons and can be transferred, stored, or traded...

A Critical Examination on the Relevance of E-naira Platform to Cooperate Organizations.

A Critical Examination on the Relevance of E-naira Platform to Cooperate Organizations.   CHAPTER ONE INTRODUCTION 1.1 Background Of The Study Digital currencies are money that exist entirely as electronic data and do not exist in physical form, but serve the core functions of money, such as being a unit of account, a store of value, and a means of exchange. As a result, digital currencies will continue to be desirable for inter-party transactions as long as the parties recognize the currency's validity, as they have the advantage of speedy settlement, particularly in online communities. According to Charles (2018), digital currency is a digital representation of either virtual currency (non-fiat) or e-money (fiat) and is thus usually used interchangeably with the word virtual currency. Globally, the financial sector has unquestionably...
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