Central African Republic To Become One of The First African Countries To Have Their Own Digital Currency

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 The country, which was the first in the continent of Africa to adopt Bitcoin as legal tender in April 2022, announced its own digital currency, according to the nation’s leader.

“Sango Coin will be the currency for the next generation,” President Faustin-Archange Touadera said in a virtual briefing. The digital money may be widely available in 2022’s third quarter.













“The Central African Republic sits on a mountain of resources — gold, diamonds, rare minerals, unexploited resources. Sango Coin will enable the direct access to our resources for the whole world,” Touadera said.


Although Central Africa Republic is one of the first African countries to embrace digital currency, it isn’t the only.

Afrotech previously reported that Ghana will also launch a new digital currency — e-cedi, which aims to move consumers away from decentralized crypto currencies like Bitcoin.


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