INTRODUCTION
The Central Bank of Nigeria (CBN) engaged global Fintech Company, Bitts Incorporation as its technology partner to spearhead the eNaira project tagged ‘Giant’. Bitt is a financial technology (FinTech) company providing digital currency solutions to financial institutions, central banks and ecosystem participants worldwide. The company appears to be at the forefront of FinTech innovation, with specialization in central bank digital currencies (CBDCs). In an official statement, Chief Executive Officer of Bitt, Brian Popelka, opines that digitizing the Naira will benefit the entire Nigerian financial ecosystem in the long run.
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