Nigeria CBDC adoption spikes as fiat currency shortage grip the nation Post author:MiamiCrypto Post published:March 22, 2023 Post category:Africa / Cash / CBDC / Central Bank / Fiat Money / Nigeria / South Africa The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. You Might Also Like Consumers Prefer Cash Over CBDC: Deutsche Bank Survey September 22, 2024 Circle CEO: 70% of USDC adoption comes from outside the US August 8, 2023 Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun May 24, 2022