A Critical Investigation on the Effectiveness of E-naira Services to Users (Case Study of Selected E-naira Users in Lagos State)
A Critical Investigation on the Effectiveness of E-naira Services to Users (Case Study of Selected E-naira Users in Lagos State)
CHAPTER ONE
INTRODUCTION
1.1 Background Of The Study
There have not been any broadly agreed definition of digital currency. This is owing to the fact that the digital currency system is a novel transaction system that has never been used before, and it is impossible to compare to traditional money. The term "digital currency" and "virtual currency," on the other hand, are commonly used interchangeably. According to the Financial Action Task Force (FATF 2014), digital currency is a digital representation of value that may be digitally transferred 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...
