Total money in the world is about $60T, out of which only $6T is in the form of bank notes and coins. (Source - Sapiens). Most of our money exists only as numbe

Total money in the world is about $60T, out of which only $6T is in the form of bank notes and coins. (Source - Sapiens). Most of our money exists only as numbers in the databases of the world's banks. So our currency is already digital and we are using it day in and day out. When I get paid by my employer, I get a few numbers added in my bank account. When I pay for things, I see those numbers decreasing. It's all digital. Every now and then I do remove some physical money from an ATM, but that makes up a very small fraction of my currency usage. As far as eNaira goes, it's on a private blockchain. Which is just a fancy name for a database.