Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo are considering using cryptocurrency and blockchain technologies powered by The Open Network (TON). On the other hand, Cameroon is considering launching a national stablecoin based on the same blockchain network.
Adoption of the Solutions in Stages
According to a statement made by The Open Network (TON), the Democratic Republic of Congo (DRC) is considering launching a national stablecoin based on blockchain. Furthermore, the DRC and Cameroon, and the Republic of Congo intends to use TON-powered cryptocurrency and blockchain-based solutions.
According to TON’s statement, the announcement of the blockchain entity’s plan to supply these solutions followed successful discussions with each of the three countries. According to the release, the three countries’ adoption of TON’s crypto and blockchain solutions will be phased in.
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The Financial System Must Be Democratized
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:
The Republic of Congo has been on this route for some time, having promoted and watched the country’s extensive use of mobile payments. This is the next phase in the process, and we believe TON is the appropriate partner to help us get there. Blockchain technology and cryptocurrency will be an excellent, practical tool for both the government and our people regarding wealth creation and growth.
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Ibombo’s DRC counterpart, Désiré Cashmir Eberande Kolongele, echoed similar comments, expressing his country’s satisfaction in taking this step. He claims that launching the stablecoin, cryptocurrency will give “millions of unbanked and underbanked persons access to our financial system.”
“The relationship with TON can play a crucial role in the digital ecosystem of Cameroon for expanding payment solutions and financial inclusion via CAMPOST, the public postal operator,” said Minette Libom Li Likeng, Cameroon’s Minister of Posts and Telecommunication.
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About the Author: Diana Ambolis
