Cfa Currency Quotes

With gambling or investing, if your gains are quick and easy, you will tend to keep the money in a separate mental account. So, if you subsequently lose it, you won't feel as upset as you'd think if you lost the money you brought to the casino. Yet, they are both pots of currency.

Finally, a word about blockchain technologies and bitcoin:  first, there have been initiatives to use blockchain to document land titles.  Without claiming that it is a magical solution, transparent public ledgers that cannot be altered without a record of such alteration is certainly a solution worth exploring in nations with notoriously bad recordkeeping systems and pervasive corruption. Second, bitcoin is invaluable in nations with significant inflation and currency controls that prevent citizens from bringing capital in or out. In order for entrepreneurs to create prosperity in Africa, they need the freedom to deploy their choice of currency and to move capital freely. In many African nations, there are sharp restrictions on capital flows. But businesses often need to shift capital from one use to another quickly and frictionlessly.Many in the West have come to associate bitcoin with speculation, especially after the spectacular collapse of crypto exchange FTX. They are unaware of what it is like to live in a nation with weak financial institutions and, in many cases, chronically high inflation rates. Bitcoin is also a path to liberation from the CFA, a French-controlled currency that is currently used by fifteen nations and 180 million-plus people.