By now you’ve probably heard that El Salvador became the first country in the world to adopt Bitcoin as legal tender in September of 2021.  Did you know the Central African Republic made a similar move in April, becoming the first country in Africa to welcome a cryptocurrency to its sovereign ranks?

Cue almost immediate expressions of skepticism and concern from organizations like the International Monetary Fund, and the World Bank, to say nothing of internal disagreement and confusion within the country itself. 

Why would a country with very low levels of access to electricity or the internet follow the path of a digital token? Who stands to benefit, and who stands to lose?

Joining this episode is Bloomberg reporter Katarina Höije.

By now you’ve probably heard that El Salvador became the first country in the world to adopt Bitcoin as legal tender in September of 2021.  Did you know the Central African Republic made a similar move in April, becoming the first country in Africa to welcome a cryptocurrency to its sovereign ranks?
Cue almost immediate expressions of skepticism and concern from organizations like the International Monetary Fund, and the World Bank, to say nothing of <a href="https://www.bloomberg.com/news/articles/2022-08-29/court-stymies-african-bitcoin-adopter-s-gold-for-crypto-offer">internal disagreement and confusion </a>within the country itself. 
Why would a country with very low levels of access to electricity or the internet follow the path of a digital token? Who stands to benefit, and who stands to lose?
Joining this episode is Bloomberg reporter<a href="https://www.bloomberg.com/authors/ATnlsGIiBZU/katarina-hoije"> Katarina Höije</a>.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Bloomberg Crypto

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority. In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Can ‘Sango Coin’ Catch On in the Central African Republic

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b0919057-2e5f-4dcb-944d-af110176c9a2/transcript

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