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Author: Admin | 2025-04-27
Facing international sanctions, does encourage suspicion," French analyst Thierry Vircoulon told the AFP news agency.In the capital, Bangui, the response was mixed.Economist Yann Daworo told BBC Afrique it would make life easier, as transactions can be made with smartphones and it was easy to convert Bitcoin to any other currency."Businessmen will no longer have to walk around with suitcases of CFA francs that will have to be converted into dollars or any other currency to make purchases abroad," he said.He also argued that the CFA was not being used "to benefit Africa". There are growing calls in several countries for the currency to be dropped by those who see it as a relic of the colonial era, enabling France to continue to exercise economic control.However, computer scientist Sydney Tickaya said he thought the adoption of the cryptocurrency was "premature" and "irresponsible". "Internet access is still underdeveloped in the country while Bitcoin depends entirely on the internet," he said, adding that the CAR had more pressing issues such as security, education and access to drinking water.AFPCAR abstained from condemning Russia in the UN General AssemblyThe CAR has suffered from ongoing conflict since its independence in 1960. In 2013, mainly Muslim rebels seized control of the largely Christian country. Self-defence militias were formed to fight back, leading to widespread massacres along religious lines.After President Faustin-Archange Touadéra came to office in 2016, the country started shifting its strategic alliance from France towards Russia. More about CAR and Bitcoin:What is Bitcoin?BBC Africa Live: Stories
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