{"id":271366,"date":"2023-07-22T05:34:39","date_gmt":"2023-07-22T05:34:39","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=271366"},"modified":"2023-07-23T07:38:58","modified_gmt":"2023-07-23T07:38:58","slug":"nigerians-boycott-cbdcs","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=271366","title":{"rendered":"Nigerians Boycott CBDC&#8217;s"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>HenryMakow.com \u2013 July 21, 2023<\/strong><\/h1>\n<p><strong>&#8220;As the numbers show, less than 1 in 10,000 Nigerians uses the eNaira on a weekly basis, even though the Nigerian government is promoting it heavily, limiting cash withdrawals to $45\/day, and creating a huge cash shortage in Nigeria as the CBN is not printing new bills and taking away the old ones. &#8221;\u00a0<\/strong><\/p>\n<h2 style=\"text-align: center;\"><strong>by Edward Menez \u2013 <\/strong><strong>(henrymakow.com)\u00a0<\/strong><\/h2>\n<h3 style=\"text-align: center;\">NIGERIANS DON&#8217;T TRUST THEIR GOVERNMENT&#8217;S CBDC<\/h3>\n<p>The Nigerian government became the second government in the world to release a CBDC. So far, it hasn&#8217;t proven successful:<\/p>\n<p>&#8220;Launched in October 2021, the eNaira became the world&#8217;s second public CBDC, after the Bahamas&#8217; Sand Dollar project. Two months away from a second anniversary, the digital currency is still struggling with adoption. A recent IMF report showed that the average number of eNaira transactions is about 14,000 per week&#8211;only 1.5% of the number of wallets. This suggests that 98.5% of wallets, for any given week, have not been used even once. These numbers reflect a &#8220;disappointingly low adoption.&#8221;<\/p>\n<p><a href=\"https:\/\/techcabal.com\/2023\/07\/13\/enaira-blockchain-currency-low-adoption\/\">https:\/\/techcabal.com\/2023\/07\/13\/enaira-blockchain-currency-low-adoption\/<\/a><\/p>\n<p>But it&#8217;s even worse than that: <strong>There are only 13 million wallets in Nigeria for a country with over 200 million people.\u00a0 So only 6-7% of the population even has a wallet.\u00a0 And only 1.5% of those wallets are being used each week,<\/strong><\/p>\n<p><a href=\"https:\/\/theconversation.com\/enaira-nigerias-digital-currency-has-had-a-slow-start-whats-holding-it-back-209470\">https:\/\/theconversation.com\/enaira-nigerias-digital-currency-has-had-a-slow-start-whats-holding-it-back-209470<\/a><\/p>\n<h2 style=\"text-align: center;\"><strong>CBDC Spells Wahala For Nigerians<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/henrymakow.com\/2023\/07\/nigeria-stop-cbdcs-by-boycotti.html\">Continues \u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Launched in October 2021, less than one in ten thousand Nigerians use the national CBDC on a regular basis<\/p>\n","protected":false},"author":39262,"featured_media":271367,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66],"tags":[],"class_list":["post-271366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/271366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=271366"}],"version-history":[{"count":1,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/271366\/revisions"}],"predecessor-version":[{"id":271368,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/271366\/revisions\/271368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/271367"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=271366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=271366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=271366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}