In the latest wave of CBDC (central banking digital currencies) adoption, the Bahamas and Nigeria have launched their own versions of a local digitized currency, becoming part of a select few countries to move past the pilot program stage: The Bahamas And Nigeria Launch CBDCs
On 20 October, the Bahamas officially launched its Project Sand Dollar by making the virtual currency available to all residents of the country through mobile devices.
On 25 October, eNaira, Nigeria's digital currency is now available to the country’s population - its network is provided through mobile apps. The first phase of the launch is only available to Nigeria’s bank account holders with the second phase opening to Nigerians with national IDs.
Many other countries are in the process of testing CBDCs, with China currently implementing the pilot program to its digital yuan in several states.
