Bitcoin becomes the official currency in the Central African Republic — Quartz Africa

Most central banks in Africa prevent banks from processing transactions involving cryptocurrencies.

Other African countries have been more inclined to Central Bank Digital Currencies, which however, according to the Kenyan Central Bank are being held back from full adoption by limited smartphone penetration. Nigeria was the first African country to adopt a CBDC when the eNaira went live last year while Ghana is also forging ahead with plans for the eCedi.

…Read the full story