Three African Countries Plan to Adopt Cryptocurrency and Blockchain Solutions

Three African countries — namely Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo — are reportedly readying to follow cryptocurrency and blockchain solutions powered by The Open Network (TON). Separately, Cameroon is considering issuing a nationalist stablecoin that is based connected the aforesaid blockchain network.

Phased Adoption of the Solutions

The Democratic Republic of Congo (DRC) is reportedly considering issuing a nationalist stablecoin that is built connected blockchain, a connection released by The Open Network (TON) has said. In addition, the DRC, on with Cameroon and the Republic of Congo, are readying to follow cryptocurrency and blockchain-based solutions powered by the TON.

According to TON’s statement, the announcement of the blockchain entity’s program to present these solutions follows its palmy engagements with each of the 3 countries. Adoption of TON’s crypto and blockchain solutions by the 3 countries volition beryllium phased, the connection suggested.

Democratizing the Financial System

Commenting connected the possibilities of his country’s imaginable concern with TON, the Republic of Congo’s Minister for Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo, said:

The Republic of the Congo has been connected this way for a fig of years, having encouraged and witnessed the wide adoption of mobile payments crossed the country. This is the adjacent measurement successful that travel and we judge that TON is the close spouse to facilitate this. This volition beryllium an invaluable, applicable instrumentality for the maturation and instauration of wealth, some for the authorities and our radical alike.

Echoing akin sentiments, Ibombo’s counterpart from the DRC, Désiré Cashmir Eberande Kolongele, spoke of his country’s pridefulness successful taking this step. He said the issuing of the stablecoin democratizes “access to our fiscal strategy for millions of unbanked and underbanked citizens.”

For his part, the Cameroonian Minister of Posts and Telecommunication, Minette Libom Li Likeng, said: “The concern with TON tin play a cardinal relation successful the integer ecosystem of Cameroon for boosting the outgo solutions and fiscal inclusion via CAMPOST, the nationalist postal operator.”

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