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Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic Renaissance

Bitcoinist LogoBitcoinist12h ago

Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic Renaissance - Bitcoinist

Quick Summary:

In a bold move aimed at revitalizing its struggling economy, the Central African Republic (CAR) has launched a new crypto, dubbed "CAR Meme.”  This initiative, spearheaded by President Faustin-Archange Touadéra, a former mathematics professor, seeks to attract much-needed investment to the nation, which has faced "years of neglect from the international community.

CAR, a landlocked country with a population of approximately 5 million, made headlines in 2022 when it became the second nation globally, after El Salvador, to adopt Bitcoin as legal tender.

Notably, former US President Donald Trump and his wife Melania launched their own memecoins earlier this year, also built on the Solana blockchain.


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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 18:30:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26107302

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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  • URL: https://beamstart.com/news/central-african-republic-dives-into-17393860877119

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