Cameroon, DRC and Republic of Congo Exploring The Open Network’s (TON) Blockchain Solution April 18, 2022 April 18, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 18, 2022 by Kelly Cromley

Cameroon, DRC and Republic of Congo Exploring The Open Network’s (TON) Blockchain Solution

Cameroon, DRC, and Republic of Congo are claimed to be exploring incorporating bitcoin and blockchain technology provided by The Open Network (TON) in their respective national systems. It’s also possible that Cameroon may develop a sovereign stablecoin over the same blockchain platform.

DRC is contemplating introducing a sovereign stablecoin based on the blockchain, as per a press release from The Open Network (TON). Congo’s Minister of Posts, Telecommunications, and the Digital Economy, Léon Juste Ibombo, remarked on the possibility of his country’s collaboration with TON:

“For the past few years, the Republic of Congo has been encouraging and seeing significant use of mobile payments throughout the nation. In order to go forward, we feel that TON is the number one choice for us. For both the state and the citizens, this will be an effective and practical tool for development and wealth generation.”

Cameroonian Minister of Posts and Telecommunication, Minette Libom Li Likeng, opined “The cooperation between TON and CAMPOST, Cameroon’s official postal operator, can contribute significantly in the digital realm of Cameroon’s payment systems and financial inclusion.”

Désiré Cashmir Eberande Kolongele, Ibombo’s equivalent in the DRC, expressed similar sentiments, conveying his country’s happiness at taking these steps. According to him, the introduction of the stablecoin would provide connectivity to our financial sector for millions of people who are now unbanked or underbanked. Coins centered on the TON blockchain will be used by the Democratic Republic of Congo and Cameroon, as well as the Republic of Congo.

On the heels of fruitful meetings with all of these nations, the blockchain firm has announced its aim to supply these technologies, as per TON. In accordance with the statement, the three nations will gradually implement TON’s crypto and blockchain systems.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.