How 3 African Countries Plan To Adopt Crypto Blockchain Solutions

How three African countries, namely Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo, are reportedly planning to adopt cryptocurrency and blockchain solutions powered by The Open Network (TON). 

iexclusivenews reports that Separately, Cameroon is considering issuing a national stablecoin that is based on the same blockchain network.

What You Need To Know 

According to a statement made by The Open Network (TON), the Democratic Republic of Congo (DRC) is considering launching a national stable coin based on blockchain.

iexclusivenews Nigeria reports that the DRC, along with Cameroon and the Republic of Congo, intends to use TON-powered cryptocurrency and blockchain-based solutions.

The announcement of the blockchain entity’s plan to supply these solutions followed successful discussions with each of the three countries, according to TON’s statement.

The three countries’ adoption of TON’s crypto and blockchain solutions will be phased in, according to the release.

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Democratizing the Financial System

Léon Juste Ibombo, the Republic of Congo’s Minister for Posts, Telecommunications, and the Digital Economy commented on the possibility of his country’s potential relationship with TON:

For several years, the Republic of Congo has been on this path, encouraging and witnessing a significant acceptance of mobile payments across the country.

iexclusivenews reports that this is the next phase in the process, and we believe TON is the appropriate partner to help us get there.

However, this will be a wonderful, practical tool for both the government and our people in terms of wealth creation and growth.

Ibombo’s DRC counterpart, Désiré Cashmir Eberande Kolongele, echoed similar comments, expressing his country’s satisfaction in taking this step.

He said the issuing of the stablecoin democratizes “access to our financial system for millions of unbanked and underbanked citizens.”

For his part, the Cameroonian Minister of Posts and Telecommunication, Minette Libom Li Liking, said:

“The partnership with TON can play a fundamental role in the digital ecosystem of Cameroon for boosting the payment solutions and financial inclusion via CAMPOS, the public postal operator.”