CENTRAL AFRICA REBUPLIC ADOPTS BITCOIN AS A LEGAL TENDER.WHAT IT MEANS FOR THE ACCEPTANCE OF CRYPTOS IN AFRICAN COUNTRIES AND THE WORLD IN GENERAL

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Well just got this news not quite long and I am very excited about it.gradually people are beginning to embrace currencies ,they have begin to see what the future holds for cryptos.i have once said that it's a matter of time that even those that kick against cryptos will get to realize that they are making the biggest mistake of their life. I am very happy on the impact that cryptos has created in the life of people around the world.why I am saying this is that central African republic has decided to adopt Bitcoin as legal tender.which is first of its kind in Africa.

I think slowly countries have begin to see to some reason why El Salvador decided to make Bitcoin it legal tender some months back which has saved them alot of money.the idea of legal tender started with El Salvador and now it is spreading round the world .when it comes to Africa,the adoption of Bitcoin and cryptos is on a very rapid growth.i can say one major factor leading to the fast adoption of cryptos and bitcoin in Africa is due to the poor economy.most African economy's are poor and as result of this it citizens are looking for better ways to survive.so it is good to say that cryptos and Bitcoin has come to save the world from the problem create by fiat.

Agueably central African republic is the first country in Africa to adopt Bitcoin as a legal tender which I will say is a very good move by the government of central African republic.some hours ago their government announced that they will be adopting Bitcoin as a legal tender which is an effort they believe will help improve the economy of the country and when you look at how El Salvador has gone in adopting Bitcoin as a legal tender and how it has brought about increase in savings of the country's economy,one can say that it a right move by the government of central African republic to adopt Bitcoin as a legal tender.

According to some of their leaders,they said investing in digital assets could benefit millions despite cryptos volatility.this I totally agree with because despite the volatility of cryptos,people are trading and investing in it day in day out,so this means that volatility is not really a big problem as people may see it to be.apart from this reasons,it also means that more African countries will be pertaking more in the activities of cryptos and Bitcoin and it will also help in the spreading of cryptos around the world.being the first in Africa is a very great achievements for the Central African republic to me because they are taking the leading role of trying to make every other African countries see reasons why they should embrace cryptos.when you look at the country's economy,it's almost similar to that of El Salvador.both countries have a very low population and yet they are the ones making the big moves in the crypto world.so with this more by this small countries hopefully more countries will be joining to make the crypto and Bitcoin world more acceptable.