President of the Central African Republic: Crypto is the key to financial inclusion


 Central African Republic President Faustin-Archange Touadera said on Sunday that cryptocurrencies are a solution to financial exclusion. 'The alternative to cash is cryptocurrencies,' he said at the launch of Sango, a crypto initiative hosted by the country. The country became the first African country to adopt bitcoin as legal tender in April.


The Sango project, including a \\'Sango coin,\\' is backed by the Central African Republic's National Assembly. The coin would provide access to the country's natural resources, including gold and diamonds. The move to adopt cryptocurrencies in countries with low internet usage and unreliable electricity supplies has drawn attention from crypto experts and confused lawmakers.


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