Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world’s poorest countries.<\/p>\n
Touadera announced the move on X late on Sunday, nearly three years after his government became the first in Africa and the second in the world behind El Salvador to\u00a0adopt bitcoin as legal tender.<\/p>\n
Meme coins are crypto tokens featuring branding or names referencing memes or internet trends. They are usually highly volatile and have scant practical use.<\/p>\n
U.S. President Donald Trump launched a meme coin known as\u00a0$Trump\u00a0last month that quickly surged, reaching a peak of over $14.5 billion in overall market value, before slumping.<\/p>\n
Despite rich reserves of gold and diamonds, Central African Republic is deeply impoverished and undeveloped and has been gripped by rebel violence for years.<\/p>\n
The $CAR meme coin is “an experiment designed to show how something as simple as a meme can unite people, support national development, and put the Central African Republic on the world stage in a unique way,” Touadera said on X.<\/p>\n
A separate account created for updates and announcements on $CAR was suspended by X as of Monday morning, and Touadera said the government was trying to get it back online as soon as possible.<\/p>\n
The $CAR token was trading at $0.22 on Monday morning, according to cryptocurrency price tracker CoinGecko.<\/p>\n","protected":false},"excerpt":{"rendered":"
Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world’s poorest countries. Touadera announced the move on X late on Sunday, nearly three years after his government became the first in Africa and the second in the world behind […]<\/p>\n","protected":false},"author":1,"featured_media":12339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":2,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[28,32,2362],"tags":[1134,1137,3766],"class_list":["post-15198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-economy","category-featured","tag-central-african-republic","tag-faustin-archange-touadera","tag-meme-coins"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/15198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=15198"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/15198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/12339"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=15198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=15198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=15198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}