Faustin Archange Touadera, president of the Central African Republic (CAR), recently stated that cryptocurrencies can be used as an alternative to cash. However, Bitcoiners insist that the top cryptocurrency is the best solution to CAR’s money problems.
Faustin Archange Touadera, president of the Central African Republic, has stated that cryptocurrencies can be used as an alternative to fiat money. Touadera claimed that the CAR has no choice but to use cryptocurrencies.
A Zawya report shows that Touadera’s latest procrypto comments were made as his country launched Sango coin. Officials claim it will be used for accessing the CAR’s natural resource.
President Touadera explains that “Sango Coin” will be the currency for the Central African Republic’s new generation.
Touadera, however, stated in a tweet that digital gold (bitcoin), would be an “engine for civilization” in the future, just as gold did in the past.
Sango Coin Questioned
Many bitcoiners have not liked the idea of CAR issuing a crypto asset that’s backed by Bitcoin. Some bitcoiners have started to question the motives of CAR’s decision not to launch its crypto coin. They believe that bitcoin is the best solution for the country.
One user, David da Silva Rosa, stated that the President of the CAR should not waste time “promoting questionable projects” and should instead focus on fixing the money.
E-Money, another user, stated that “you screwed up man.” E-Money, another user, said: “You screwed up now man.” Why not adopt bitcoin and then attempt to create your own sh*tcoin. Others suggested that the CAR should drop the idea of issuing an asset on its own.