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El Salvador and CAR compare on BTC legal tender
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[QUOTE="Yugocean, post: 244803, member: 25081"] The Central African Republic, which once had strong ban on Bitcoin like Nepal, has now become the second country after El Salvador to accept Bitcoin as legal tender. Even though, there are diffrent situation in both countries, let us compare the situation. [TABLE] [TR] [TD][/TD] [TD]El Salvador[/TD] [TD]Central African Republic[/TD] [/TR] [TR] [TD]Electricity[/TD] [TD]Power production is more than consumption, Volcano energy is used to mine Bitcoin.[/TD] [TD]Power is scare; however county have enough Biomas, Hydro and solar power possibilities to overcome it [/TD] [/TR] [TR] [TD]Internet[/TD] [TD]More than half of El Salvador population have access to the internet, mobile internet speed is fastest in Central America.[/TD] [TD]In January 2020, 14% population was using internet, after Covid 19 pandemic and work from home requirements, internet has reached more people; however, it yet have to progress.[/TD] [/TR] [TR] [TD]External Pressure[/TD] [TD]USA and IMF are angry because Bitcoin freed country's economy from depending on US dollar and IMF loans.[/TD] [TD]France and IMF are unhappy, IMG is unhappy due to same reason as El Salvador, but France has little reason because it suspended it's support to CAR onJune 2021.[/TD] [/TR] [TR] [TD][/TD] [TD][/TD] [TD][/TD] [/TR] [/TABLE] [/QUOTE]
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El Salvador and CAR compare on BTC legal tender
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