Cameroon, the Democratic Republic of the Congo (DRC), and the Republic of the Congo are said to be considering implementing cryptocurrency and blockchain technologies powered by The Open Network (TON). Cameroon is also considering releasing a national stablecoin based on the same blockchain network.
According to a statement made by The Open Network (TON), the Democratic Republic of the Congo (DRC) is considering launching a national stablecoin built on blockchain. Furthermore, the DRC, along with Cameroon and the Republic of Congo, intend to use the TON to power cryptocurrency and blockchain-based technologies.
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, according to the release.
Léon Juste Ibombo, the Republic of Congo’s Minister for Posts, Telecommunications, and the Digital Economy commented on his country’s potential relationship with TON:
“The Republic of the Congo has been on this path for a number of years, having encouraged and witnessed the widespread adoption of mobile payments across the country. This is the next step in that journey and we believe that TON is the right partner to facilitate this. This will be an invaluable, practical instrument for the growth and creation of wealth, both for the government and our people alike.”
Similar feelings were expressed by Ibombo’s counterpart from the Democratic Republic of the Congo, Désiré Cashmir Eberande Kolongele, who talked of his country’s delight in taking this step. According to him, the stablecoin’s issuance democratizes “access to our financial system for millions of unbanked and underbanked persons.”
Cameroonia’s Minister of Posts and Telecommunications, Minette Libom Li Likeng, stated:“The partnership with TON can play a fundamental role in the digital ecosystem of Cameroon for boosting the payment solutions and financial inclusion via CAMPOST, the public postal operator.”