The Central African Republic might follow El Salvador's example and embrace bitcoin as legal tender.
The Central African Republic might follow El Salvador’s example and embrace bitcoin as legal tender.
CAR’s economy has struggled for years, and bitcoin could be seen as one of the last hopes. After El Salvador adopted BTC, the nation saw a massive uptick in the number of visiting tourists and a large number of investments. As such, it would be safe to assume that CAR might feel similar positive effects.
Over 60% of its residents live in poverty, many of them suffer from chronic malnutrition. On top of that, the harsh conditions have caused a civil war, which has taken thousands of lives and isolated the country from the more developed states.Additionally, the nation aims to imply blockchain technology in many sectors of its economy.
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