tv DW News Africa Deutsche Welle February 14, 2025 6:30am-7:01am CET
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is great overall materials. the world, all too often silence in the face of tragedy. congress empire of silence starts february 15th on dw, the. this is the, the news applicant coming up on the program. why is president of the all the central african republic personally propose st. crypto currency? he slips his social media to announce the launch off these countries, new main point will be analyzing all things crypto and austin of crypto parents, the s. but what's broke chain technology. my main bolt, the content and one of africa's founding fathers has passed we pay tribute to know what it is, freedom, size and founding father sam, visual ma, who side
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h 95. the hello, i'm christine. wonder. it's good to have your company is a crypto currency, or just a con, the central african republic has just issued a mean point with the countries president himself praising the project on social media. full see, national and store data is following in the footsteps of other will be to specifically us president donald trump, who is also issued a name coin as did his wife milan? yes. so what is a mean point? i'll be speaking to a leading applicant expert on block chain technology in a few minutes. but 1st here is president toyota announcing the launch of the point . michelle, let me do one on to the history of itself. was that of course, where did i place it on the letter was on punch again. the on the lives of the
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again, my kid is left on the not this in b o moon, the update. they've been gone. come on it, they've got a city. this is your, the one year the north, wrong guys wrong. on the new of us, you 1st all the new list. if you need the show that technology book, chang is approximately taken off. laurie, and sometimes again, up to little glue. i love 1st. impulse didn't go to do so need to know is that pre own sale? i'm set to go get you on it. awesome. but any d just to share that? no, see no, no small. do me going, or if he's in there, that may be something if you can, jo, that'd be those i do is randall to send him away. so new voice up, people up as soon as president, while they're on mentioned the central african republic has been a crypto currency trail blazers back in 2022. the country became only the 2nd
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worldwide to adopt bitcoin as legal tend to alongside the csc from. but this new main points owed websites. so it's also interesting details and a frequency. aust, questions at the end is small print say close. the main point is not intended to function as an investment, security or financial instrumental. any kind has no intrinsic value and should not be viewed as a financial assets. and how correspondent in the central african republic is, is a go to try to many. he's been gauging reaction to the new main point in the capital. it seemed buggy presidents for the husband pressing once because the success of the central african republic for many going his promising. let's solve the problem with the use, the benefits of the people of the country, which is one of the photos in the world. he's tyler, to disappear, which he sees, would be renovated with phones generate to from the launch. but here on the street,
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people a lot to meet with all the countries knew, well, more than i don't know about me going 2nd. this is the 1st time i'm learning about it. i don't know what to think about it, but it informed me that some news on the radio market, but i didn't know what mean calling, i don't know. mean point. i've never heard of it. i don't even know what it is. and what is the main point for mol, on the c, a r name coined at all things script. so we've advised that tony roland onto the program. he is asking jay of virtual assets chamber of commerce. that's the policy . think tank advising applicant governments on visual assets. he should include script of kinds he's, he's also the founder of $55.00. that's a quick dependency payments provided for emerging market businesses. welcome to dw, use africa, tony. so lots of people would have heard of that point. but how auto can or mean coins like the c a r coined different or right. so when you're looking
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at bit going to essentially, um it was it, it is at the top a tool of financial sovereignty. where the, the founders of the network designed a system that was supposed to work about intermediaries to ensure that he is able to send value directly to, to pay us without the use of an of a intermediary. now if you look at the traditional financial system, is that if i want to transfer value across the board as after which my bank, which and my bank then uses the 5th network or some of the global sacraments system . which then allows that value to be transferred across the board. does that affects those different things that kind of impact the duration of that particular transaction? and but going was actually a tool that was designed to restore control back into the hands of the people that allows and facilitated the peer to peer transactions without having a centralized entity essentially controlling it. and at the corner of it uh,
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aspects of the centralization, financial sovereignty, and basically just empowering the people to be able to transfer value. now, what that, what that development met was. the whole idea of means and means i essentially units of culture. everybody sends means to, to, to each other. now, from the very early concept of the internet, we had e mails. and people who would, would send each other little cute fords of different like motivational messages, quotes and all of those things. and those are the aspects of culture that we began to capture online. and that then evolved into what we now see today, where we have influenza is a content creators. and all of these people trying to create member of the moments for us to be able to capture culture and share your phone line. and so mean questions came, came out as a merging of those 2 realities. one of like the financial ization of value being transferred across the internet and the capturing of culture. and so what we see
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now is those those 2 realities merging and we see people creating coins that could be treated on a uh, on a block too. but have no intrinsic value, they have no utility, the men to be fun and they're meant to capture a unit of culture. and they're meant to have meaning inside of a particular collectible group. and that's what b c emerging now. okay, just on that point that you're making because on the official websites, the central african republican main point is it says that it's designed solely for fun. as you're saying has no intrinsic value and should not be viewed as a financial assets. and so then what should it be? what is it then? and who decides what it's with? all right, so it's important 1st of all, to take a step back and understand the profile of the central african president. now he is,
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he has a mathematics background. he was a professor and he understands cryptography in the, in a way that i don't think any other president award. and so he understands the fundamentals of bitcoin. and what we see here is his time relevancy and being able to capture the attention of the world inside of trying to merge that unit of culture with the development of his nation and also the aspect so just fact for naturalization aspect. and so if you're looking at the website, i mean the video isn't that fate of but if you look up the road map, you can see there's, there's a, there's a clear intent to want to distribute this to get in a is in a way that would be used for internal development and different different aspects of this. and so why or why not be not be the biggest proponent of this particular put mutation of the use of doctor and technology? i think it's clear that his intent is to try to capture dr. emetic value and try to
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capture that cultural movement that you're seeing inside of the wider trip the courtesy industry at this time. yeah. and, and i guess we'll talk a little bit more about that later in the conversation. but for the, for the moment, how has the, the ca, or as main point performed since it's been launched to the people by it. and what do we know about who the buyers are and what's happened to their money? all right, so let's see, are you going to launch with a lot of pump? i think it at the ties, it got to a market capitalization of about 600000000. it currently stands at marked up some of these, you know, about $54000000.00 us dollars. and the, and the impact of value just means that a lot of people invested in a lot of people lost a lot of money. and that's the nature of this kind of speculative asset, because because it is no use that is being generated in a, in a sustainable fashion, it means that it is driven entirely too high cost speculation. and we've seen depo
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cash out significantly and lose quite a bit. i think at the moment some of the hu uh highest holders holding between like $2700000.00 worth of the the, the, i took it all the way down to a couple of $100.00 and um, the nature then each on the block chain is that it provides a bit of are in an empty. so it's impossible for us to really determine whether or not these are persons inside of the central african republic were holding these particular tokens. but usually it never is the case that it's locals that wouldn't be holding this simply because central african republic doesn't have a very strong track record or facilitating on an offer. i'm so the of, of backed up dependency. so this is a purely speculative asset. and as, as, as the most assets in this particular asset class, it has done tired of you. right. and, and who would have profited, who would have been the people that you said made
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a lot of money compared to those who didn't. thank you. so again, these are people um are yeah, yeah, quick analysis of uh, some of the wireless side of being able to extract the most value is that the, the wallet stops mostly, but fresh and new. the, there's a bit of, i know they meant to be in terms of the specific individuals and identities simply because public changing on a blocked in does provide a bit of identity. and the people who made quite, quite a bit of money on top of this. but this specific identities of the individuals remains unclear. sony, donald and maloney of trump issued their own name coins. how have these queen performed so if you're looking at the, don't know the line if i'm going to, i think that it's heights the value of the donald trump name going was close to $75.00 us dollars, which is unheard of for this particular asset class. and then soon afterwards,
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we have the midline, which i'm going to lunch, and you're talking about uh, together of both of them, having my market capitalization upwards of $60.00 to $70000000000.00 of us dollars um, at their, at their heights. but at the moment, both of them are trading very, very low. and so we see all of those market caps reduced significantly. and the market capitalization essentially just speaks to how much, how much money has been invested in that particular. i mean going and you see not how to have a precipitous and drop where from i think if you're looking at the, from clayton where at one point it was a 75 and it's not trading at 16 up there about the us dollars. and so the impact of that is that they can go to see a lot more people continue to foot, especially as a looking for ways to financial eyes and still try to take the profits from that. from those particular mean points. i mean these billions that you mentioning these are staggering sam's for people suppose,
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and he's just having fun. i'm so i guess my question is this. so can anyone issue a main point? i guess that's the beauty of the blocks in the industry. anybody could this wouldn't be important, but um, i think i important point to remember here is that the mean has to proceed the coins. and so if you're looking at me, i'm going to be doing something that you want to be able to do. is it like we live inside of an a, of a attention incredibly. and so your ability to be able to capture people's attention is, is basically the tools of the trade. and that is like, um, the basis of how this financial industry is actually service and how it actually moves. and so when you're looking at, when you actually comparing like the performance of the done lot of the dollars, i'm quite in the middle on your point. and these are the, these have to laugh because the public call you is that you see to different beasts
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of calculating attention. donald trump has been capturing our attention for many, many years from the days of your fired as part of his famous reality tv show to the day that he came down the golden staircase and declared his intention to run for presidency. he understands how to capture that township. i do not think the central african republic president is, comes even close to that and not plays out in the performance of the, of the, of the beam. queens that you actually see. and so the future belongs to the people who are able to actually capture attention within any in any sphere, really. but specifically in this particular one, everything rises and falls on your, your capacity to create viral metrics, moments now legal experts have raised concerns about these token queens that they could serve as a vehicle for, for bribery, for corruption,
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particularly in the case of politicians. do you share that consent? and i go back to the fact that one, these are public updates, right? and if you're looking at the data in 2023, about 3 trillion was, was cheated in money in money laundering and the capital currency industry to present at $22.00 about $22000000.00 worth of that, which represents like 1 point, one percent know, $220000000.00 a back, which represents 1 point, one percent of the global money laundering system. and so a lot of the money laundering happens, the traditional bank, small, then it happens on public golf chains. again, it is only 1 point, one percent. and so there you ality that somebody would choose to bribe a foreigner in official or a government official on a public block chain where everybody could see the transactions flows and see how
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things are moving as a bit far fetched. nevertheless, i don't want to like completely rubbish. these are, these are particular concerns. but what is what is more important is the fact that in terms of how african governments could use some of these technologies, the medium calling the medium quite increases represents the absolutely lowest drawing of what this technology means for emerging market from uh, governments. just coming back to the c a r, beam coin. it just, it, it looks like an example of bad practice. but could you perhaps share an example with crypto car and see can be a forceful good, particularly in africa. right, so i work with which allows us to involve commerce. and what we do is i'll be represent a lot of interests um, in terms of how these technologies could actually be used. an important point to remember is that the 540000000000 was treated in african last time in the last year
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using capital currency. 70 percent of that is institutional. and what that means is that companies are increasingly looking to kept the currency to be able to facilitate the costs for the 2 different maintenances. so we're seeing adoption rising to the tunes of hundreds of billions that are being driven by african merchants and lots of the american merchants across the world. and so that's an important document that'd be asked to begin to look at. additionally, for multinational corporations that operating about actually operating inside of different jurisdictions, we're seeing a lot of them to encrypt dependency to use for the population of funds. um grocery store link, which has a very aggressive direct consumer um strategy. they are using strip to go ahead and see to be able to investigate funds back to the us compared to the system. that becomes a far more capital efficient means to be able to actually the budget funds be on that bill. seeing a lot of different uh far in about uh,
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but i mean most companies essentially use the triple currency to be able to actually transfer value. so the way that is worked before is that the high, traditional, traditional reputable company such as western union and are willing to admit that the rest of them loves agent based systems and those are very extractive. additionally, now we have different fin, tech savvy modes, and they have kind of like a flintstone level of efficiency, where they have supplement accountants either different countries. and whenever values transferred to them, they then issue a payment or the inside of a given jurisdiction. and the use of the card and see now it allows for that value to be transferred directly from the user to the intended recipient. and so for remington says that it actually creates a very good um channel. but the most important and the most significant use of some of this technology is really around the tokenize ation of assets. and so imagine
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a world that we could have a national sovereign bond that is tokenize. so imagine a 2 can i solve and bond and then in this case, imagine if we take the building of a light, 3 of system in nairobi, which is my, my home country. all of that could be funded entirely by a couple of card and see because we would issue a national bond for that specific infrastructure project, attract the investment and have that and then have like the, the fees be the actually paid out in not a lock up i'd say, and that's probably being transferred back to the, to the, to the investors of the bond. and so the potential of the, and the, the potential use of some of these technologies is uniquely suited for africa then lifetime government. and so we're looking forward to seeing a lot more took integration, a lot more infrastructure projects that are built and not distributed and marketed
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on the, on the block chain. and just upgrade us with my fund, financial sovereignty being returned back to the people of africa, not so so now i'm just wondering if you would by name coins and perhaps you've bought some. do you understand us about it? yeah, of course, because again, i'll say this right, um, if you're looking at the block chain industry, there's about 4 different max and you've got to put all 4 different colors. does the academic and mathematics color that you could look at where you say, oh, well, this isn't very innovative piece of technology that is actually applied except box it progress and you wouldn't be liked. you could look at it as a financial ization tools that allows us to be able to tokenize different assets and bring them on to. and from, from, from the economic and financial perspective. you would also be right. if you're looking at it as the merge of internet and ad and culture and defensible value on change, you would also be right. and then crucially, if you're looking at it as
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a tool of uh, freedom and financial sovereignty, you would also be right. and so we need, we need a holistic view when we're looking at this uh, this particular industry where we actually able to combine all of these for it's come up with products that would actually incorporate all aspects of what this industry and deals and bring about that kind of transformation that you would like to see not going beyond? well, thanks tony. for your insights on that. and once i correct the mean code, i'm launching a coin and you've been to buy it. cuz that is, i mean it would be the pickup. that is tony orlando, thanks so much for that. we appreciate it so many assign to sign. appreciate it. thank you. the name of them has been mourning the death of its 1st president. since gaining independence in 1990 sam milner spearheaded the struggle for freedom and the fight
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against decades. all the positives imposed by it's all there for can ruinous his death was announced last weekend. he was $95.00 of freedom, $5.00 to $10.00 founding father and precedence. some neo will be with men, but as the face of that may be, is battle for independence is place in history, highlighted by the co and the may be in precedence seen here. offering his condolences to new york, mis family, non gold and bombard, set in his statements his debt to shake the foundations of the republic. it is the full with most subtle and sub miss that i make the announcement this morning on the 9th of february 2025 to then i may be on people our freaked on brothers and sisters and to the world at large about
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the blessing of audi. via freedom fighter and that abortion audited to excellence adopt some stuff is shown on the, on the lead by the south, west african peoples organizational swapped by the group. the co founded in the 19 sixty's, the baby is independence, was decades and then making the fights against the pot sites impose bites. neva, whites, majority south africa. the well most thought about is that it's been 30000 by the and insides. and now they've. yeah. and the deductible swapper sworn in is the 1st president of independent and it may be 1990. the other met creates the legacy as a pragmatic nation building politician at home voting, friendships with the likes of st. bob, boys, robert and the gobby while causing some criticism from the west for his controversial views. once describing a does
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a man made biological weapon and homosexuality as a father and corrupt so ideology. i think there are many criticisms that i would need is have, but i think one important thing is that he is linked to the integration of this country as being that we value highly. and i think something that i'm back in the day in his time has been shown as something that really, really drives us as namibian. so suddenly almost lost his training, grateful not just for us, but also for africa. she is one of the last sending need is, comes from the regime wherever you can talk about nelson mandela funding to me, you know, can ya, does, she comes from or a game where they were truly, that was sort of illusion every for africa. a statute with me, i'm a now stands outside limit be it's independence memorial museum in the capsule. when took a last thing testament to the cow as massively to the state of his country towards democracy and the process of national healing means. and that is what finality
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or the exciting part costs know on tv. my fee is and with i'm going to be a good model always you can defend yourself that you can break understand. what is it like to come out when you're married? how does on mental health impact a lot of life between east to west or the cross is right in the middle and the world around germany is getting more dangerous. we de code what it means senior d w. d, w is a talk show stronger, clear positions,
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insights into as seemingly folk to struggle, the sharp edge of peace, thoughts, much 7 dw. can i ask something? why are we putting down the virus? let's throw it into the grass so it gets lost. i feel like covered 19 long term effects have just taken neil from what i hope we'll see each other again one day. the task to explain that in hospitalized the cold with 19 patients are being killed in the industry 0 in the
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5 years. often we remember window roads still stops march 8th on dw, the business day. the news life from berlin, more trade conflict, loons, as the us president order sweeping new tariffs. donald trump says he's drawing up plans for reciprocal terrorist on every country that trades with the united states . also coming up 3 intentions also top the agenda of a meeting between trump and indian prime minister and the red remotely at the white house. the .
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