Central African Republic follows Trump with memecoin launch

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The story "Central African Republic follows Trump with memecoin launch" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

Central African Republic follows Trump with memecoin launch - Financial Times

Quick Summary:

The landlocked nation, whose estimated GDP per capita of $549 makes it poorer than Somalia, remains under-developed, while use of mobile phones and other internet devices is not widespread, deterring participation in cryptocurrencies.

Faustin Archange Touadéra says the memecoin is ‘an experiment designed to show how [ . . .

The former French colony of 5.7mn people has been wracked by violence for more than a decade, with the government in Bangui relying on paramilitary forces from the Russian-backed Wagner Group to thwart an attempted rebellion in 2020.