The CBN has gone ahead to name Friday, October 1, 2021, as its launch date for the e-Naira and also taken a further step by selecting a Barbados-based fintech firm, Bitt Inc. as its technical partner in developing its CBDC.
In all these, there have been questions around the CBN’s choice of Bitt Inc. as its technical partner. However, a closer look at InterStellar, the company that came second in the bid shows that it understands Africa better and most importantly, is the organisation behind Bantu, a public blockchain infrastructure, which is the first of its kind on the continent.