Introduction.
The most recent coup in Niger brings to a head a lot of the challenges that have been happening in west Africa, in Francophone Africa in particular. The French and US involvement in this region was purportedly to help economic development and fight corruption within Western Africa. As the Niger Coup edges towards a hot war, in the West we should consider what our role is in the region and whether we are justified in getting involved militarily. Could Bitcoin do what decades of American and French involvement have failed to do?
Many point to France’s involvement in the CFA (African Financial Community) as a method of controlling their former colonies through their control of the exchange rate. They have been able to devalue the CFA franc against the French Franc, or now the Euro, in a way to increase their purchasing power for raw materials from Africa and then selling back finished goods at an elevated price. This has meant the purchasing power of some of the poorest
We współpracy z: https://bitcoinmagazine.com/culture/fighting-corruption-does-bitcoin-fix-west-africa
