Bitcoin’s First African Adopter Starts Memecoin to Woo Investors
- CAR Meme is second cryptocurrency launched by the country
- Nation first in Africa to adopt Bitcoin as tender in 2022
Central African Republic has launched a memecoin in a bid to attract investment to the mineral-rich but impoverished nation.
CAR Meme is the latest attempt by President Faustin-Archange Touadéra, a former mathematics professor, to finance much needed development and strengthen the $3 billion economy. The country, long neglected by the international community, has been further isolated since it contracted mercenaries from the Kremlin-linked Wagner Group since 2018.