While the World Watches Ukraine, A First African Country Adopts Bitcoin
This is why those two things are connected
Finally, the first African country adopted Bitcoin as legal tender.
The Central African Republic (CAR) has become the second-ever country to adopt Bitcoin Following El Salvador’s adoption of the cryptocurrency last year.
This massive news has been kept hidden behind the ongoing worldwide Ukraine & Anti-Russian war propaganda on Mainstream Media.
I will explain why this adoption might be a direct result of this conflict and won’t benefit the poor population at all.
Bitcoin and Africa
Many Africans have been using Bitcoin for years as a safe-haven currency to dodge astronomic inflation rates and Government corruption.
At first glance, the adoption looks very promising as a financial empowerment tool for the poorest of people on the planet, but Civil Society Groups protest against Bitcoin being adopted by CAR, claiming;
“By imposing cryptocurrencies as national currency, the power of Bangui ( The Capital)has just sold off the little that still remained of the authority of the State and its power to control its economy, and therefore its development,” the group said in…
