Doesn't the 30-50% of people being bale to use crypto in the near future come from the Internet not being available to the other 50% or is there another reason?
My assumption is used by people who live in urban areas, because internet network is not available in rural areas, 50% of what you mentioned is more relevant in urban areas.
I wouldn't call this the CBDC experiment I'd want. It'd have been preferable to have been done by a country a lot bigger with a lot more protections against things that could go wrong (I'd expect the central African Republic and El Salvador to go similar ways in rushing out approaches that are less likely to be successful than ones that are fully planned - but maybe that's what's needed at this time for other countries to consider catching up).
They need access to accelerate their approach to crypto and bitcoin acceptance, as the available resources will enable that achievement to materialize in the near future.
Although the approach of El Salvador and the Central African Republic may not be the same, the concept remains that the approach must be carried out in a comprehensive, measurable and systematic manner. Thus Bitcoin and Crypto will be more easily developed there.
Yes the government of Central African Republic has come out with different policies and programme for the Sango projects. The White paper on Sango has so many lofty plans that would indeed impact positively on the lives of the citizens of that country. But currently what is desired now is actions. The Sango internet connection plan should start immediately. Afterall the government has promised to channel most of its revenue from natural resources to push its cryptocurrency goals and objectives. We want to see massive Bitcoin awareness and education activities in CAR. Investors would also need to be assured that their investment in the Bitcoin project in CAR is safe even if the current government leaves power.
Thus the approach that is needed is to accelerate the distribution of internet and electricity in all districts in the Central African Republic region, the plan they have developed is good enough for progress, but in other sectors it must also meet the necessary elements, so that the Sango project can run smoothly.
In addition to education, technology development must also be carried out hand in hand, especially for rural areas that are still unfamiliar with technology, so that the readiness of resources can develop over time.
To say the fact, this is the only shortfall of the Central African Republic bitcoin adoption with their proposed Sango Project, why do they need to accommodate room for other cryptocurrencies while they are yet to go far in bitcoin adoption with evident results
This is the right step taken by the President, they know that bitcoin is not a need that can be reached by many people there, so it needs another approach as a solution for bitcoin recipients.
The Sango project can answer these doubts, the people there can take a role first in this project, where the bitcoin adoption process will not feel disturbed and slow, so that people who do not agree with bitcoin adoption easily accept technological advances and investments involving crypto
I think the President of the Central African Republic is Innovative and knows how to make a persuasive introduction to his people.
the introduction of Sango coin is a total spoil on the whole Sango project, at least they need not to engage other currencies or tokens by now since bitcoin is the solution they all seek better alternative with, introduction of something else aside bitcoin will deviate them from their initial standard and plan while many may not key into the adoption in contributing to altcoins along their Sango Project.
If we calculate the number of people who are able to invest in bitcoin, then the Central African Republic is not one of the countries with high income per capital income, so the target for bitcoin adoption will not run quickly, it will actually lead to strong protests from organized communities in rural areas. Because of the adoption, the impact felt by the small community is very untouched. So the Sango project as an incentive and a starting point for the introduction of bitcoin for the future.
Electricity, Internet and Technology, these three things are a big problem for the decisions taken by the President of the Central African Republic, so far there may not have been an impact of a wave of protests from the people, because awareness of crypto only applies to urban areas of their capital and I am sure to their rural areas do not have access to receive this information, if Electricity, Internet and technology have not been distributed evenly throughout the country.
This will be the main step that must be addressed, the wave of protests that you mean can be contained by a persuasive approach that involves all existing elements.
Sango will become the nomenclature of the source of solutions for them, awareness of technology recipients, crypto will work well, if the government conducts education thoroughly.
Thus Bitcoin will feel important in the country, because the process of introduction and approach is done by providing solutions, when development has been going well, Sango becomes a springboard for citizens to invest in bitcoin.
