Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added Featured Bitcoin News

The Nigerian central bank is set to update its digital currency wallet app to enable users to pay for utilities like pay television and airtime top-up.

The addition of unstructured supplementary service data (USSD) functionality to the wallet app means people without bank accounts will be able to make payments using the CBDC.

The update process will be initiated by the CBN sending a message to users asking them to update the wallet app.

Yusuf Abdul Jelil, the CBNs e-naira presentative, made the remarks while attending an event at Kairo Market in Oshodi, Lagos.

Obinna Umeh, the secretary of the Oshodi Market Union, is quoted in the report commending the central banks decision to inform Nigerians about the upcoming update.

photo 2022 05 10 19 18 57 Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added Featured Bitcoin News
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added Featured Bitcoin News 2

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