Bitcoin becomes an official currency in the Central African Republic
WORLD · BUSINESS
April 29, 20223 min read550 words
Published: April 29, 2022  |  3 min read550 words
The Central African Republic has overtaken regional cryptocurrency front-runners such as Kenya and Nigeria to become the continent’s first nation to officially adopt bitcoin as legal tender. El Salvador is the only other country that officially uses bitcoin as legal tender in th...
Bitcoin becomes an official currency in the Central African Republic Read more

No article scores yet.

There are no critic or public scores for this article yet.
Great Context1
critic reviews: 0
public reviews: 2
No reviews
img-trusted
67%
critic score
9 reviews
img-trusted
68%
public score
34 reviews
img-contested
N/A
critic score
0 reviews
img-contested
N/A
public score
2 reviews

CRITIC REVIEWS

There don't seem to be any reviews yet.

PUBLIC REVIEWS

Great Context
May 4
The article summarizes what's around the very bold decision of CAR to adopt bitcoin as legal tender. The piece brings a lot of context, including the fact that their currency is backed by France, and most banks in central Africa don't process transactions with crypto.
May 4
Is this helpful?
Balanced
May 5
This article presents a balanced and solid overview of the African nations that are dipping their toes into Bitcoin, CBDCs, and other alternative currencies to solve their historically difficult fiscal problems.
May 5
Is this helpful?