First African country to use bitcoin as legal payment method: why and how? † Money

The benefits of the digital currency bitcoin seem immense: no more banks, everything digital and (hopefully) more money to spend. The African country’s parliament unanimously approved the bill last week. Henceforth, bitcoin is one of the official currencies. “This move puts the Central African Republic on the map as one of the boldest and most visionary countries in the world,” said a spokesman for President Faustin-Archange Touadéra after the bill was signed.