Global Adoption

Central African Republic Debuts Meme Coin ‘Experiment’

Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world’s poorest countries.Touadera announced the move on X late on Sunday, nearly three years after his government became the first in Africa and the second in the world behind El Salvador to adopt bitcoin as legal tender.
Despite rich reserves of gold and diamonds, Central African Republic is deeply impoverished and undeveloped and has been gripped by rebel violence for years.
The $CAR meme coin is “an experiment designed to show how something as simple as a meme can unite people, support national development, and put the Central African Republic on the world stage in a unique way,” Touadera said on X.
A separate account created for updates and announcements on $CAR was suspended by X as of Monday morning, and Touadera said the government was trying to get it back online as soon as possible. The $CAR token was trading at $0.22 on Monday morning, according to cryptocy price tracker CoinGecko.
Terron Gold

Share
Published by
Terron Gold
Tags: Central African Republiccrypto adoptionmemecoins
2 years ago

Recent Posts

Nasdaq Bets $100 Million on Kraken Parent Payward to Put Wall Street Stocks Onchain

Nasdaq is deepening its push into tokenized markets with a $100 million investment in Payward,…

5 days ago

MoneyGram Turns Stablecoins Into Everyday Money With New Mastercard

MoneyGram is pushing stablecoins beyond crypto trading and remittances with a new payment card designed…

5 days ago

Hunter Biden’s LAPTOP Memecoin Crashes 98% Within an Hour After Wild $1.6 Billion Debut

Hunter Biden’s newly launched LAPTOP memecoin delivered exactly the kind of chaos critics warned about…

6 days ago

Jack Dorsey’s Block Wants a Federal Bank Charter for Bitcoin and Stablecoin Custody

Jack Dorsey's Block is making another major move into regulated finance, applying to create a…

7 days ago

ChatGPT, Claude, Gemini and Grok Go Down in Rare Simultaneous AI Outage

Some of the world's biggest AI platforms experienced overlapping service disruptions on Thursday, September 3,…

2 weeks ago

U.S. Government Puts GDP and Inflation Data Onchain With Chainlink

Official U.S. economic data is moving directly onto public blockchains. The U.S. Department of Commerce…

2 weeks ago