Winstant Limited Visits Central African Republic to Discuss Tokenization of Natural Resources

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Winstant Limited Visits Central African Republic to Discuss Tokenization of Natural Resources

Winstant Limited, a company that specialized in digital finance, was invited to the Central African Republic by the Minister of Mines and Geology.

The delegation, which included Hervé Lacorne, CEO of Winstant Limited, visited Bangui from December 3 to 13, 2022.
The purpose of the visit was to discuss a four year old project, involving the tokenization of the natural resources of the Central African Republic, with a focus on gold, in order to raise funds for the country's development and reconstruction.

Winstant will tokenize the underground resources, prioritizing gold, and will also define and execute a sales strategy. Additionally, Winstant will provide an ecosystem to democratize the use of cryptocurrency for all Central African Republic residents.
The project was initially presented to the President of the Republic in November 2021, and received approval following the success of the government's recent efforts to legalize cryptocurrencies and promote bitcoin and blockchain technology.

The two parties are now in the process of drafting a Memorandum of Understanding, which includes plans to optimize the gold value chain, construct a refinery, but also tokenize and sell the gold on international markets. The detailed steps of the MOU will be addressed in separate agreements on a project-by-project basis.

#Winstant #CentralAfricanRepublic #Tokenization #NaturalResources #Gold #Cryptocurrency #Bitcoin #Blockchain

About WinstantPay
WinstantPay is a global payment network providing merchants and individuals a reasonably priced global final payment in an instant, in any currency, anywhere, anytime, with integrated anti-money laundering (AML) compliance that reduces time, costs, risks associated with payments. Serving financial institutions of all sizes for the last 18 years with financial services, software development, and business support, WinstantPay is also a founding member of WorldKYC-AML.

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