Three African countries – the Republic of Congo, the Democratic Republic of Congo, and Cameroon – want to adopt cryptocurrency and blockchain solutions powered by The Open Network (TON). These countries are also looking at their own stablecoins.
Cameroon wants its national stablecoin based on the same network, while the Democratic Republic of Congo wants to issue stablecoin built on blockchain. And collectively, the three countries are planning to adopt cryptocurrency and blockchain-based solutions powered by TON. The countries’ keenness in TON follows the company’s successful engagements with them. TON plans to deliver these solutions in a phased manner.
Leon Juste Ibombo, the Republic of Congo’s Minister for Posts, Telecommunications, and the Digital Economy, said Congo has been on this path for a number of years. It has encouraged and seen the widespread adoption of mobile payments across the country. Ibombo highlighted that they believe Ton is the right partner to facilitate this. It will be an invaluable, practical instrument for the growth and creation of wealth for the government and the people.
Desire Cashmir Eberande Kolongele, for the Democratic Republic of Congo, believes the issuing of the stablecoin democratizes access to the country’s financial system for millions of unbanked and underbanked people. Minette Libom Li Likeng, the Cameroonian Minister of Posts and Telecommunication, said collaboration with TON can play a fundamental role in Cameroon’s digital economy. It can boost payment solutions and financial inclusion through CAMPOST.
Steven Yun, the founding member of TON Foundation, said there is an unbounded potential for the three African countries to benefit from the adoption of cryptocurrency with TON’s blockchain. The TON blockchain was developed to process millions of transactions within seconds. It is ultra-affordable, fully scalable, and user-friendly.