Cryptocurrencies
African Bitcoin Adopter’s Cryptocurrency Sale Falls Flat
- Central African Republic started selling Sango Coin this week
- CAR adopted Bitcoin as legal tender earlier this year
A street vendor carries flags of the Central African Republic for sale in Bangui, Central African Republic.
Photographer: Adrienne Surprenant/BloombergThis article is for subscribers only.
Sales of the national cryptocurrency of Africa’s first Bitcoin adopter got a lukewarm response this week, as the controversial project got off to a slow start.
By Wednesday afternoon buyers had bought just $1.2 million of $21 million worth of coins for sale by the Central African Republic since Monday, according to the project’s official website. The currency was sold against a minimum deposit of $500 in Bitcoin or Ether.