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Flutterwave Adopts eNaira As A Payment Option

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Africa-focused fintech firm Flutterwave said on Wednesday it has added Nigeria’s eNaira as a payment option for merchants, a move that could help boost adoption of the digital currency, Reuters reports.

Nigeria, the first African nation to launch a digital currency, is targeting 8 million users for the app launched in October. But adoption has been slow as lenders worry the app would compete with their online platforms and reduce fee revenue.

“We… are confident that this number will grow further as we continue to innovate and expand,” Flutterwave said in a statement.

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