Nigeria’s eNaira digital currency will be launched on Monday

The debut date had been slated for the beginning of October.

According to Bloomberg, the Central Bank of Nigeria (CBN) will introduce its digital currency, the eNaira, on Monday.

According to the article, the eNaira will “make financial transactions easier and smooth for all strata of society,” as the CBN stated in an emailed statement on Saturday.

The launch was originally scheduled for Oct. 1 to 4, was postponed in honor of Nigeria’s 61st anniversary of independence.

Nigerian financial regulators have struggled to keep up with the growing popularity of Bitcoin in the country. Nigeria prohibited cryptocurrency transactions in the banking sector in February and announced plans to establish the eNaira four months later.

According to the CBN web site, the eNaira will be accompanied with a CBN-approved wallet that users may either link to their bank accounts or pay as they go with a prepay option.

Read more: Nigeria suspends launch of ambitious e-naira project

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