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​Bitcoin becomes the official currency in the Central African | BSC Gems 100x💎

​Bitcoin becomes the official currency in the Central African Republic

The CAR is the second country after El Salvador to embrace bitcoin as legal tenderCAR President Faustin-Archange Touadera's office said Wednesday that "Adoption of bitcoin as an official currency represents a decisive step towards opening up new opportunities" for the African country.

"CAR remains a failed state, with most of its territory controlled by various rebel groups, although the government will retain key cities, including the capital, Bangui, with support from Russian mercenaries," says the Economist Intelligence Unit.One such critic, Didier J Mary, a cryptocurrency skeptic but fintech and digital transformation consultant, told Quartz that bitcoin "Will not work" in CAR as it is not a currency, but will instead fuel money laundering in the crisis ravaged African nation.



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