SANGO

Sango is a trade language that belongs to the Adamawa-Eastern branch of the Niger-Congo family, it was widely used in western Africa. Nowadays, it can still be encountered in the northern part of the Democratic Republic of Congo and the southern part of the Central African Republic, along the Ubangi River.

In the heart of Africa, there is a region that was omitted during the previous industrial revolutions, hence an entirety of untapped potential for growth was forsaken. The whole of Africa appears the way it does due to the fact that its transition to the 21st Century has experienced a delay in several important sectors.

By 2030, the Sub-saharan region of Africa along with the rest of the continent, have the potential to make significant progress towards the future. The young demographic, in combination with the variety of untouched natural resources represent two very important pillars that will drive this leapfrogging. Technology can be considered the third pillar that would secure the realization of this progress.

Leapfrogging is the term used to refer to emerging economies which have underdeveloped technology and rapidly move forward to the adoption of new, modern technology systems without going through intermediary steps.

Through the democratization of resources located along the Ubangi River, access would be obtained to the necessary funding that is required to enable the region's full development. Employing the right technology is vital, in order to guarantee transparency and concurrently support a newly created, digital-first economy, in the exact manner that a blockchain would. This is another important pillar for paving the way to a brighter digital future.

In 10 years, the economy of the Central African Republic and neighboring regions can experience growth on a large scale. For example, it may have the most skilled workforce, use the newest technologies and build its entire infrastructure by employing contemporary principles such as being sustainable and reliant on renewable energy. Moreover, the democratizing of access to its mineral resources and the banking of the unbanked population would exemplify the array of high end solutions.

Mobile-first technology and cryptocurrencies are already being used worldwide and correspondingly have a presence in Africa as well. In fact, during the past few years, they have experienced a large growth in African countries, placing them in the forefront of growth in these fields. Due to the lack of access to banking and financial systems, Bitcoin has proven to be the most efficient solution for cross-border transfer of money.

FIAT money is problematic when referring to Africa. Very high inflation, lack of access and overseas monetary control, all are representative factors of an outdated system in search of change. Digital currency could represent the solution to achieving a better future.

The Central African Republic has adopted Bitcoin as a legal tender starting with the 21st of April 2022, and it is looking to build the first digital monetary system that is powered by 5 blockchain technology and backed by Bitcoin. By placing Bitcoin as the digital store of value, the Central African Republic is looking to open its borders and provide the Bitcoin legacy with further, tangible utility.