ONLINE SOUTH AFRICA The Central African Republic Bets Big On Bitcoin 7 months ago Szarlot Post Views: 184 A group of Bitcoiners traveled to the Central African Republic to meet with the country’s president and discuss pathways for bitcoin adoption. The people of the Central African Republic (CAR) are on a mission to be the first country in Africa to enable widespread bitcoin adoption. They are the second country in the world (after El Salvador) to officially adopt bitcoin as legal tender for use in regular commerce and for paying taxes. In April 2022, President Faustin-Archange Touadéra signed into law a bill (which passed unanimously) making bitcoin and the CFA franc the legal currency of the Central African Republic. Understanding The Challenge Ahead President Touadéra invited a group of Bitcoiners with expertise in different areas to the country’s capital of Bangui in order to advise the country on issues like setting up internet access, connecting to the Lightning Network and developing mining facilities. Seven Bitcoin experts spent a week in the country: “To understand the Central African Republic context better and identify the main factors that will encourage or inhibit the adoption of Bitcoin in the country,” according to their report. Buying And Selling Bitcoin The report states: “Mobile credit is one of the country’s most used means of payment, so it is essential to use a known model and not disrupt users’ habits. This method of buying and selling bitcoin through mobile credit retailers is a model already established in Goma (DRC) and other African countries.” The authors recommend leveraging the country’s 12,000 mobile credit retailers and installing bitcoin ATMs in cities in secure locations. Source: nasdaq.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Africa, bitcoin Continue Reading Previous Gambling in Asia — Slotegrator’s analysis of opportunities for 2022Next BI systems — how to automate business decision-making in iGaming More Stories NIGERIA ONLINE Does Nigeria really have the biggest gambling industry in Africa? 3 days ago Szarlot NIGERIA ONLINE Safest Betting Apps for Nigerian Players 3 days ago Samuel KENYA ONLINE The Rise of Crypto Casinos in Kenya 4 days ago Samuel ONLINE WORLD NEWS Pragmatic Play broadens Czech presence 5 days ago Iwo Bulski EXPERTS SOUTH AFRICA The Gambling Laws of South Africa 5 days ago Szarlot GAMES ONLINE Endorphina releases its new Rabbits, Rabbits, Rabbits slot! 5 days ago Iwo Bulski NIGERIA ONLINE Google suspends 5.6m advertisers in Nigeria 5 days ago Samuel KENYA ONLINE NCC, NLRC collaborate to fight illicit gamers 6 days ago Samuel ONLINE WORLD NEWS Market ratings by online gambling development in 2023 1 week ago Iwo Bulski CASINO SOUTH AFRICA COSATU North West welcomes the decision to retain the casino license in Mafikeng 2 weeks ago Samuel ONLINE WORLD NEWS TVBET delivers live games to LATAM through partnership with Pixbet 2 weeks ago Iwo Bulski BETTING SOUTH AFRICA SIS extends Africa footprint with Jolibet deal for Racing content 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.