Blockchain project TON will create a cryptocurrency and technological solutions for Cameroon, Congo and the Democratic Republic of the Congo
Cameroon, Congo and the Democratic Republic of the Congo (DRC) intend to introduce blockchain and cryptocurrency at the state level. The leading contender is the TON project, its representative told RBC-Crypto.
In the Democratic Republic of the Congo, they confirmed that they are considering the possibility of issuing a national stablecoin built on the TON blockchain. The project is working with this and two other countries to provide them with cryptocurrency solutions.
Each of the above countries will undertake a phased transition to the adoption of cryptocurrency as one of the pillars of their own economy. This will expand the opportunities for participation in the economy of banking and non-banking persons, which will serve as an incentive for the economic development of the country, according to TON. In particular, the report notes that in the DRC, 12.4 million people had bank accounts, and more than 40 million people had access to the Internet through smartphones and other devices.
Telegram started developing its own TON (Telegram Open Network) blockchain in 2017. Pavel Durov raised more than $1.7 billion for the development of this project. But the US Securities and Exchange Commission (SEC) launched an investigation into TON because of the ecosystem’s internal currency, the GRAM token.
In 2020, Telegram stopped the development of TON due to the objections of the regulator. In the same year, the project was taken up by the Open source community development team, whose work was later recognized by the Telegram Group and agreed to transfer the original ton.org domain to the team, as well as the original repository, where all work on the blockchain began. Later, the project was renamed The Open Network (the abbreviation TON remained behind it).
In December 2021, Telegram founder Pavel Durov supported the TON project. He stressed that the project is independent of Telegram, but wished the team success.
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