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ArticlesWhat crypto adoption means for the Central African Republic
The Central African Republic has legalized Bitcoin as a means of payment. Citizens of a country where access to banking is difficult now have access to currencies other than the local FCFA, and their payments and remittances are protected by law.
The FCFA (Franc Communauté Financière Africaine) is used in 14 African countries, but it is a weak currency that is constantly losing value. Its face value is pegged to the euro, it is printed in France, and it is under the control of Western powers.
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