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What Did The Francophone Bitcoiners Recommend To The Central African Republic?

Remember the francophone Bitcoiners that visited the CAR a couple of weeks ago? Well, they issued a “Report from the Bitcoin Delegation in the Central African Republic” and we’re about to summarize what it says. The “Bitcoin Delegation” issued the report in Paris and it addresses President Faustin-Archange Touadéra directly. “This document will also be available to the public so that our work is fully transparent, as is the norm within the Bitcoin community,” it warns.

Problems Found On The Ground

As Bitcoinist reported, the francophone Bitcoiners were in Bangui, the Central African Republic’s capital, “helping the attendees download bitcoin wallets and distributing sats to them; explaining the difference between bitcoin and the rest of crypto, answering that first set of questions everyone interacting with the technology for the first time has.” In the francophone Bitcoiners’ report, they elaborate, “the main objective of this trip was to understand the Central African Republic context better and identify the main factors that will encourage or inhibit the adoption of Bitcoin in the country.”

The main problems they identified were:

  • Access to Electricity – “The energy divide between Bangui and villages requires special attention to avoid an economic divide between cities and isolated areas,” they explain. Bitcoin is the right tool to fix this. How, exactly? Keep reading to find out.
  • Access to Internet – They found “300’000 customers with mobile internet access;” and ”100% 3G coverage in Bangui.” Plus, a “project financed by the Bank of Development of Africa for fibre optics installations.”
  • Access to Information About Bitcoin – “Uninformed people can easily fall victim to cryptocurrency scams carried by promises of quick and easy income.” As the current state of the market shows, this is true everywhere in the world.

And the main advantage the francophone bitcoiners found was ”Mobile Money Usage,” to pay with one’s phone is extremely common in the Central African Republic. However, “a significant part of the population does not have a national identity card, which is mandatory to buy a SIM card.” That’s a solvable problem, be it by the easy path of relaxing regulations or by the hard road of legally identifying all citizens. 

BTCUSD price chart for 06/15/2022 - TradingView

BTC price chart for 06/15/2022 on Bitfinex | Source: BTC/USD on TradingView.com

The Francophone Bitcoiners Propose Solutions

In general, the main recommendation is
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