Currency

COULD A STATE SPONSORED CRYPTO CURRENCY REPRESENT A VIABLE ALTERNATIVE TO THE CFA FRANC IN CENTRAL AFRICA?

COULD A STATE SPONSORED CRYPTO CURRENCY REPRESENT A VIABLE ALTERNATIVE TO THE CFA FRANC IN CENTRAL AFRICA?

Given the rampant skepticism surrounding the CFA Francs and the rise of cryptocurrencies, it is no longer illegitimate to question whether a state sponsored crypto currency could become a viable alternative to CFA Francs. Here we determine the extent to which such a crypto currency could can address issues raised by the current CFA Francs, while taking in consideration likely implementation challenges.