Tag Archives: Central African Republic

Not that long ago, the Central African Republic (CAR) – one of the poorest nations on the continent of Africa – announced that it was basically following in the footsteps of the Central American nation of El Salvador (also an extremely impoverished country) and that it was going to run its entire economy on digital currency. Initially, everyone thought this meant bitcoin, though the region eventually turned out its own digital asset called Sango Coin. The Central African...

The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in the footsteps of the Central American nation of El Salvador. Now, representatives for the country have announced that they are going to be creating their own digital currency that residents can use to purchase goods and services. The Central African Republic Has a Lot of...

The Central African Republic (CAR) has become the second country after El Salvador to declare bitcoin legal tender. Customers can walk into any store or company and purchase goods and services with bitcoin and owners and managers must be accepting of the digital currency. The Central African Republic Says “Yes” to Bitcoin In a statement, Obed Namsio – the chief of staff of Faustin Archange Touadera, the President of the Central African Republic – said that a bill had...