Africa is Embracing Bitcoin. Good Idea or Not?

Sovereignty, Stability, and Manipulation

Photo by Harshil Gudka on Unsplash

The Central African Republic (CAF) has adopted Bitcoin as legal tender in its territory. Soon, people will be able to pay either in the current currency (the CFA franc) or in BTC.

Now, is that a good idea? Will it improve the economy? How realistic is that? What can their citizens expect in…