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In a statement, the company revealed that it struck a partnership with the Central African Republic — the first country to legalize bitcoin as a legal tender in Africa and second globally only to ElSalvador –to become its official crypto partner and an advisor to the president on crypto strategy and planning. .
But Bitcoiners argue that its value is more clearly visible in developing nations, especially those experiencing hyperinflation or with sizable proportions of underbanked individuals. The reality has not been so simple, as Bitcoin has oftentimes traded down amid periods of rising inflation in the U.S.
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