Central African Republic adopts Bitcoin as legal tender

Bitcoin

The Central African Republic (CAR) has become the second country in the world to adopt Bitcoin as legal tender, following on from El Salvador's decision in September last year.

Despite being rich in mineral wealth, CAR is one of the world’s poorest countries and has suffered from decades of conflict.

According to DataReportal, CAR has the lowest internet penetration rates of any country in the world – excluding North Korea – at just 7.1%. As such, the incentives...