This article needs to be updated. Please help update this article to reflect recent events or newly available information.(June 2023)
AmbaCoin is the official cryptocurrency of Ambazonia.[1][2][3][4] It is said to be backed by the "rich natural resources" of the breakaway region.[1] The AmbaCoin was launched on in 2018, and the ICO was from December 2018 to 2019.[5] The Ambazonian Government claims that all profits go towards their independence struggle and humanitarian aid.[6][7]
In 2018, AmbaCoin was created with the intention of being the official currency of Ambazonia. Despite the AmbaCoin being a cryptocurrency, it cannot be used as an official currency due to many Ambazonians not having access to the internet, low internet literacy, and lack of proper electricity infrastructure; most residents have little to no access to electricity. Because of this, a new currency would have to be introduced if independence is attained, for day-to-day transactions and business matters. Several names have been suggested but none have been adopted officially. Examples include: the Amba, the Ambazonian Shilling, the Amba-Dollar, Southern Cameroonian Pound, Ambazonian Cowry (the historical currency that circulated along the coast of West Africa, mostly by traders and merchants, before the colonization of Africa), Njangi,[8][9] Ambazonian Dinar, Ambazonian Qwid and the West African Eco (provided it joins the ECOWAS along with the WAMZ if or once independence is attained).
Referencesedit
^ abcAtabong, Amindeh Blaise (12 December 2018). "Cameroon's Anglophone separatists have created their own cryptocurrency". Quartz Africa.
^"Ambacoin, la cryptomonnaie pour les séparatistes camerounais". Le Monde.fr. 14 December 2018 – via Le Monde.
^"Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI". RFI Afrique. January 2019.
^Jackson, Tom (7 January 2019). "December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency". The Next Web.
^"AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest". Ambazonian Crypto Currency | AmbaCoin. Retrieved 13 January 2020.
^"Cameroon rebels issue virtual currency to fund independence". www.aljazeera.com. Retrieved 13 January 2020.
^Finnan, Daniel (1 January 2019). "Cameroon separatists sell cryptocurrency as replacement for CFA franc". RFI. Retrieved 13 January 2020.
^Besin-Mengla, Mendong Margaret (29 September 2020). "Njangi: Pillar of Development in the Anglophone Regions of Cameroon". Journal of Humanities and Social Sciences Studies. 2 (5): 31–40. doi:10.32996/jhsss.2020.2.5.5. ISSN 2663-7197. S2CID 240049753.
^"Njangi Sociality: Mobility, ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields" (PDF).
ambacoin, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, june, 2023, official, cryptocurrency, ambazonia, said, backed, rich, natural, resources, breakaway, region, launched, 2018, fr. This article needs to be updated Please help update this article to reflect recent events or newly available information June 2023 AmbaCoin is the official cryptocurrency of Ambazonia 1 2 3 4 It is said to be backed by the rich natural resources of the breakaway region 1 The AmbaCoin was launched on in 2018 and the ICO was from December 2018 to 2019 5 The Ambazonian Government claims that all profits go towards their independence struggle and humanitarian aid 6 7 AmbaCoinOfficial logo of AmbaCoinDevelopmentInitial release24 December 2018 1 Development statusIn useValuationExchange rateUS 0 25WebsiteWebsiteambacoin wbr ioProposal editIn 2018 AmbaCoin was created with the intention of being the official currency of Ambazonia Despite the AmbaCoin being a cryptocurrency it cannot be used as an official currency due to many Ambazonians not having access to the internet low internet literacy and lack of proper electricity infrastructure most residents have little to no access to electricity Because of this a new currency would have to be introduced if independence is attained for day to day transactions and business matters Several names have been suggested but none have been adopted officially Examples include the Amba the Ambazonian Shilling the Amba Dollar Southern Cameroonian Pound Ambazonian Cowry the historical currency that circulated along the coast of West Africa mostly by traders and merchants before the colonization of Africa Njangi 8 9 Ambazonian Dinar Ambazonian Qwid and the West African Eco provided it joins the ECOWAS along with the WAMZ if or once independence is attained References edit a b c Atabong Amindeh Blaise 12 December 2018 Cameroon s Anglophone separatists have created their own cryptocurrency Quartz Africa Ambacoin la cryptomonnaie pour les separatistes camerounais Le Monde fr 14 December 2018 via Le Monde Cameroun anglophone l AmbaCoin disponible a l achat RFI RFI Afrique January 2019 Jackson Tom 7 January 2019 December in Africa Ghanian healthcare drones and Cameroonian separatist cryptocurrency The Next Web AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest Ambazonian Crypto Currency AmbaCoin Retrieved 13 January 2020 Cameroon rebels issue virtual currency to fund independence www aljazeera com Retrieved 13 January 2020 Finnan Daniel 1 January 2019 Cameroon separatists sell cryptocurrency as replacement for CFA franc RFI Retrieved 13 January 2020 Besin Mengla Mendong Margaret 29 September 2020 Njangi Pillar of Development in the Anglophone Regions of Cameroon Journal of Humanities and Social Sciences Studies 2 5 31 40 doi 10 32996 jhsss 2020 2 5 5 ISSN 2663 7197 S2CID 240049753 Njangi Sociality Mobility ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields PDF Portals nbsp Economics nbsp Free and open source software nbsp Internet nbsp This article relating to cryptocurrencies is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title AmbaCoin amp oldid 1199060518, wikipedia, wiki, book, books, library,
