Previously, the Central African Republic became the second country to fully adopt Bitcoin (BTC) as an official legal tender, aiming to attract businesses, and investors globally as well as effectively reconstruct crypto regulations and infrastructure in the country.
Now CAR will be launching its newly developed crypto hub project, Sango backed by the CARs National Assembly and aiming to remove the barriers to entry into the banking sector. Several countries and industries have actively undergone projects to further the adoption of cryptocurrencies globally, an example is Zetrix blockchain creating a cross-chain technology to bridge cross-border businesses with smart contracts, security, scalability, and interoperability services offered by the platform.
According to Cointelegraph, the president of CAR stated visions for Sango having a “common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth” as well as ensuring financial inclusion of citizens gaining access to cryptocurrency via smartphones easily.
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source https://www.reddit.com/r/btc/comments/vri3sf/is_the_central_african_republic_going_digital/
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