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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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eNaira slowly gains traction post-launch amidst glitches

Nigerian government officials have big expectations regarding the eNaira.

The rollout of the world's second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior.

In a statement quoted by local news outlet The Nation, Central Bank of Nigeria, or CBN, Governor Godwin Emefiele said "overwhelming interest and encouraging response". Similarly, President Muhammadu Buhari estimates that the eNaira could generate an additional $29 billion in economic activity over the next decade, citing the possibility of direct government welfare payments via the digital currency.

According to Emefiele, since its launch on Oct. 25, 33 banks, 2,000 customers, and 120 merchants have signed up for the platform. The app is available on both Apple and Android. Over 200 million worth of eNaira ($602,959 USD) has since been issued to financial institutions in the country.

But while government officials are optimistic about its outlook, the launch has not gone all smoothly. The CBN's eNaira Speed Wallet briefly went offline shortly after its unveil on app stores such as Google Play. The app was removed to facilitate an upgrade after receiving over 100,000 downloads, with polarizing reviews. Users mostly complained about glitches and several features of the app not working at all. It is currently available. As reported by Peoples Gazette, the CBN also plagiarized a legal disclaimer for the eNaira from an American equipment manufacturer.

Last month, in a survey conducted by Finders.com and tabulated by The Straight Times, 24.2% of respondents in Nigeria said they owned cryptocurrencies — ranking the country at the top of the world in digital currency use. Malaysia ranked second (18.0%), and Australia came in third (17.7%). Meanwhile, the United States came in tenth place, with 10.4% of adults owning crypto.

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