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Stablecoin is gaining currency in Africa

Stablecoin is gaining currency in Africa

CONRAD ONYANGO, BIRD STORY AGENCY AS more and more African countries express their interest in launching digital currencies backed by central banks, three are considering the adoption of private-based virtual digital assets, which could bring greater currency stability. Cameroon, the Democratic Republic of Congo (DRC) and Congo Brazzaville have all announced their intention to adopt cryptocurrency and blockchain-based solutions. The move is likely to push millions of unbanked and underbanked populations into their financial system. The three economies are now set to begin the development of national stablecoins built on The Open Network (TON), a decentralized blockchain originally designed by…
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