The Central African Republic has suddenly put the continent in the spotlight, in April becoming the first African country (second in the world after El Salvador) to offer legal tender to cryptocurrencies on its territory, before launching its own digital currency, Sango Coin. Analysts and commentators have questioned the relevance of this choice in a country where only a tiny fraction (11%) of the population has access to the internet, especially at a time when the price of cryptocurrencies – particularly Bitcoin – is plummeting.
SOURCE: THE AFRICA REPORT
More Stories
Angélique Kidjo & Ibrahim Maalouf on ‘Queen of Sheba’
Discovery of Embalming Workshop Reveals How Ancient Egyptians Mummified the Dead
On a Walking Safari in Zambia
theGrio Style Guide: A Glimpse Into the Robust African Fashion Industry
Top 5 African Cities Food Lovers Must Visit in 2023
SA’s First Black African Freediving Instructor On her Favourite Ocean Spots along Cape Town
Iemanjá Festival: Keeping the Afro-Brazilian Tradition Alive
African Travel and Tourism has Potential for Immense Growth
Dakar Hosts the First Africa Vegan Restaurant Week
Under the Hanging Tree Examines how Namibia’s Genocide Lives on Today
Under the Hanging Tree Examines how Namibia’s Genocide Lives on Today
Re-entry of Higher Capacity Aircraft on African Routes Shows Recovery of Hard Hit Travel Sector