20 sats \ 1 reply \ @Coinosphere 9 May 2022 \ parent \ on: French African colonial central bank sent Central African Republic’s President a letter stating its Bitcoin adoption will have a "significant negative impact" on the colonial franc system. bitcoin
Of course it's primarily a PR stunt. Unless we want to buy a ton of cheap smartphones and mail them to everyone in the CAR then there simply isn't a way to get coins in everyone's hands in that country yet.
However, the president is a computer science guy who sounds like he actually gets bitcoin. And he certainly has no love for the CFA. So while this news isn't in the same ballpark as El Salvador's effort, it is another orange country on the map and a real thorn in the side of the CFA system.
I guess what we're really hoping for is for the other CFA countries to follow suit.
I agree with your sentiments, I just don't want the momentum to fall flat, they need to push on from here. At least some sort of infrastructure announcement, be it banks now have BTC denominated accounts, be that the country will convert a portion into BTC, be that using BTC as a settlement for exports.
I think Cameroon would be the CFA country that would be the one to take the lead here, then I would be far more bullish on adoption and this news.
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