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Coinbase-Backed MARA to Help Central African Republic on Bitcoin

  • MARA opens in Nigeria, Kenya with $23 million in funding
  • Central African Republic is one of the world’s poorest nations

MARA, a cryptocurrency company backed by Coinbase Global Inc., said it will advise the president of the Central African Republic after the nation became the second globally after El Salvador to adopt Bitcoin as legal tender. 

Newly established MARA also announced its entry into Nigeria and Kenya, and that that it had secured $23 million in funding from companies including Coinbase, Alameda Research LLC and Distributed Global LLC