C.Africa's leap into bitcoin leaves its people bemused

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C. Africa's leap into bitcoin leaves its people bemused

LIBREVILLE - In the Central African Republic , nine out of 10 people do not have internet, and only one in seven has electricity -- that is, when there are no power cuts.

Among people queueing at one of the rare automatic teller machines in the capital Bangui, the word"bitcoin" stirred befuddlement. "I'm not interested in having bitcoin here -- we have no infrastructure and no knowledge for getting involved in this adventure and there's no cybercrime unit to ensure security," said an entrepreneur, who spoke on the condition of anonymity.

"CAR has many problems. Adding another currency like bitcoin as legal tender will unlikely meaningfully address those," said Ousmene Jacques Mandeng, a visiting fellow at the London School of Economics .

 

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