BVTV: Bitcoin’s Africa outpost | Reuters Video

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Video: edwardcropley explains why the Central African Republic adopting bitcoin as legal tender may hurt the cryptocurrency’s bid to go mainstream. Watch here:

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Bitcoin’s African outpost raises several red flagsWar-torn Central African Republic is following El Salvador in adopting the crypto unit as legal tender. The surprise of the region’s central bank and Bangui’s use of sanctioned Russian mercenaries are warning signs. Bitcoin’s quest for mainstream acceptance just got harder. edwardcropley I came to a similar conclusion myself and wrote about it in my Medium blog. I find it very hard to believe the CAR government is using bitcoin to somehow advance crypto in central Africa.
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