Hello, I'm Tamasin Ford. Welcome to Business Daily from the BBC. First, it was cryptocurrencies. Now it's

central bank digital currencies. We study central bank digital currencies. Two years ago when we started,

they're about 35 central banks interested and now there are 90 that we're tracking. So you see the rapid acceleration

and adoption and interest. Last month, Nigeria became the largest economy in the world to fully

launch a central bank digital currency, the E-Naira. Look at what happened during the pandemic.

It was extremely difficult for them to go out, to earn a living

because I was total lockdown at a point in time.

So this is where the inner era could also help.

But what do Nigerians make of it?

And how is it working so far?

We find out in Business Daily from the BBC.

North, South, East or West, male or female, old school or millennial, rural or urban,

the Naira is the same, and so is the E Naira. So let's embrace it.

E Naira, same Naira, more possibilities. That's the official advert for Nigeria's E Naira.

But before we get into how it's been going since the launch,

let's take a look at how digital currencies work. So, digital currencies are similar to cryptocurrencies in many ways. They're virtual. You never actually get your hands on physical money,

and often they both rely on blockchain technology.

But where they differ is that a digital currency is issued by the central bank. It's a digital

version of that country's currency. So when it comes to the E-Naira, one virtual Naira is the same

as one physical Naira. Cryptocurrencies, like Bitcoin and

Ethereum, are privately issued. They can fluctuate in value, making them far riskier, and

they're unregulated. Nigeria launched the E Naira last month. Rak Mohamed, the Director of Information and Technology at the Central Bank,

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