In addition to the CAR news …

… many don’t know that 14 countries in Africa, including the CAR, use a common franc (either West African or Central African). This common Franc was created in 1945 when France ratified the BrettonWoods agreement. France still plays a massive role in it, as they guarantee convertibility into French Francs, however many in Africa see this common currency as a relic of colonialism.

The point is that there are 14 other countries who could follow the CAR here very quickly in adopting Bitcoin.

In fact, here is an article from 2019 showing the desire for an alternative currency (and in it they complain about having to convert to US dollars to trade between African countries) – https://www.iol.co.za/news/africa/a-single-trade-currency-for-africa-mene-f868f7a2-80c8-4cbf-9490-30cff824751f

submitted by /u/Thavash
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