Another Country Adopted Bitcoin as a Legal Tender.
The Central African Republic has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so behind El Salvador.
It's cool to see another country adopt it as legal tender and definitely builds on it's credibility as an upcoming reserve currency. You always need to be aware of the basis for these things though, as it might just be a populist politician trying to score some easy votes by looking tech orientated to the younger generations. It always made sense for African countries in particular to start using cryptocurrency more, as they often get screwed over by their local banking systems with high fees and exchange rates. This also makes it easier to secure funds outside of their houses and without being subject to bank runs which can more easily happen in fragile economies.