While all countries of the world continue to work on crypto assets, the Central American country El Salvadorbecame the first state to adopt Bitcoin as its official currency in September 2021. While the use of Bitcoin as a currency was eventually discussed on the Russian side, today Bitcoin was accepted as the official currency in another country.

Despite the underground resources such as diamonds, gold and uranium, which fall into the United Nations’ category of ‘least developed countries’, they are unable to take advantage of them due to political chaos and instability. Central-African Republicannounced that they are accepting Bitcoin as the official currency. The decision was passed unanimously in parliament.

It is expected to support the country’s economy

In the statement shared on the decision, the Central African Republic stated that this move made it one of the bravest and most visionary countries in the world. stated. In addition, the economy of the country, which has been struggling with the crisis for years, is expected to pick up slightly with Bitcoin. On the other hand, the country’s adoption of Bitcoin is interpreted as “early” by some experts.

Computer engineer Sydney Tickaya, in the country Internet access is still not widespread. and Bitcoin is fully connected to the internet remembered. He added that the Central African Republic needs to find more urgent solutions such as security, education and access to drinking water than this solution.