The President of the Central African Republic, Faustin-Archange Touadéra, made his debut to a new ledge, nicknamed $ because, as an experimental tool to stimulate the country’s global profile and support local development. Announced on its X account, the initiative aims to unite citizens and to help the country, one of the poorest in the world, to generate essential funds. This decision follows a previous and less successful attempt to adopt Bitcoin as a legal call for tenders within the framework of the Sango initiative in 2022. Although Touadéra described the play as a means to finance projects – such as The reconstruction of secondary deterioration – reports indicate that its value has dropped from the end of the 90% increase since its launch, highlighting the volatile nature of the same. Critics have even raised concerns that the project could be a scam, but Touadéra remains optimistic, thanking the supporters and stressing that the experience could uniquely position the car on the world scene.
Source: Bbc