the prices got issues with a lot of say, well, crazy. the, this is data being used for the coming up on the program. why is president, how did all the central african republic personally propose st. crypto currency? he took the social media to announce the launch off these countries. new main point will be analyzing all things crypto and asking the crypto parents the s. but what broke chain technology might mean for the content and one of africa's founding fathers has the cost

we pay tribute to know it is freedom, pfizer and founding father sam, who shall know who died. h 95, the hello i'm christine window. 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 force. the national shaw data is following in the footsteps of of the will of leaders specifically us president donald trump, who is also issued a name coin as did his wife milan? yes. so what is, i 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. no, not yet. the history of his life was that of going so i did,

i placed it on the letter was on punch again on demand vendor lives on the weekend . my kid is left on duty, not this in b o. moon, the update, they've been gone. come on. it, they've got a said to this is you on the one year the north, wrong guys? wrong on val, new bus you for is on the new list. if you need the show that technology book, chang is up. fortunately. taken off loading sometimes again, a little clue. i la false impulse didn't go to date. sony that was a pre owned sim. said to go the she on a on symbol. do you need to just use yeah. don't see. little small, do you make going, or if he's in the database up, if you can show that those i knew was randall to send him away. so new voice up into the bus, you know, as president taught there, i mentioned your central african republic has been

a crypto currency trail blazers back in 2022. the country became only the 2nd worldwide to adopt bitcoin as legal tend to alongside the see if they from. but this new main points own website fits all, some 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 guide has no extensive venue and should not be viewed as a financial estimates. a how correspondent in the central african republic is the goal to try to many. he's been gauging reaction to the new name coined in the capital here in bungie, presidents of plunder, or has been pressing once because the success of the central african republic minute going. he's promising that solve the present. maybe you benefits 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 streets, people a lot to meet with all the countries you keep the for margins are going up. i don't know about me going. so this is the 1st time i'm learning about is using. i don't know what to think about to inform that some news on the radio, but i didn't know what mean calling, i don't know. mean point. i've never heard of it, so i don't even know what it is. and what is main point for mol, on the c, a r main point, and all things script. so we've advisor tony roland onto the program. he is asking j off virtual assets chamber of commerce. that's the policy. think tank advising african governments on visual assets. he should include script of currencies. he's also the founder of $55.00. that's a quick dependency payments provided for emerging market businesses. welcome to data being, use africa, tony. so lots of people would have heard of bitcoin. but how on token or mean points like this?

here are coined different right, so when you're looking at big going to essentially it was, it is at the top, a total 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 this fx, there's different things that kind of impact the duration of that particular transaction. and big going was actually a tool that was designed to restore control back into the hands of the people that allows and facilitated a peer to peer transactions without having

a centralized entity essentially controlling it. and at the corner of it, 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 that i, sensually units of culture, right? everybody sends means to, to, to each other. now, from the very early onset of the internet, we had e mails and people would, would send each other little cute fords of different like motivational messages, quotes and all of those things. so those are the aspects of culture that we began to capture online. and that then evolved into what we now see today. wherever we have influenza is a content creators. and all of these people trying to create number, little moments for us to be able to capture culture and share your thoughts. right . and so mean questions came, came out as a merging of those 2 realities. one of like the financial ization of value things

on slide across the internet and the captioning of culture. and so what we see now is those those 2 realities merging and we see people creating um, coins that could be treated on a uh, on a block to that have no intrinsic value. they have no utility. they're meant to be fun. 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 pcs emerging now. okay, just on that point that you're making because on the official websites, the central african republic and 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 what? all right, so it's important 1st of all, to take a step back and understand um the profile of the center of competitive. now he is,

he has a mathematics background. he was a professor and he understands cryptography in the, in a way that i don't think any of the president award. and so he understands the fundamentals of bitcoin. and what we see here is his attempt at 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, i'm a 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 that may 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 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 name coined performed since it's been launched to the people by it and, 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 little pump? i think it's as high as it got to a market capitalization of about 600000000. it currently stands at marked up to my vision of $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 to hype a speculation and be seen depo cash out significantly and lose quite a bit. i think at the moment some of the who highest holders i'm holding between like 2700000 dollars worth of the uh, the, the i took it all the way down to a couple of 100 dollars. and um, the nature of the nature of the block chain is that it provides a bit of an indemnity. 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 would be holding that 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 it most assets in this particular asset class, it has done terribly. right. and who would have profited,

who would have been the people that you said made a lot of money compared to those who didn't. but the, so again, these are people are yeah, yeah, quick analysis of, uh, some of the well as sort of being able to extract the most value is that'd be the one that starts mostly by fresh and new. so there's a bit of i know they meant to be in terms of the specific individuals and identities simply because i'll be changing on the block chain 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 the line, yes i'm going to i think that it's height, the value of the donald trump. im going was close to $75.00 us dollars,

which is unheard of for this particular asset class. and then soon afterwards, we have the middle initial, i'm going to lunch and you're talking about the together of both of them having more market capitalization upwards of $60.00 to $70000000000.00 of us dollars um, at their, at their heights. but at the moment, most of them are trading very, very low. and so we've seen all of those market drops 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 hard to have a precipitous and drop way and from i think if you're looking at the, from clayton where at one point it has a 75 and it's not trading at 16. so they're both of us dollars. and so the impact of that is that good to go to see a lot more people continuing to hurt, especially as a looking for ways to financial eyes and still try to take the profits from best to

from those particular mean points. i mean these billions that you mentioning these all staggering sums for people supposed to be just having fun. and so i guess my next question is, so can anyone issue a main point? i guess that's the beauty of the block to 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 proceeds according. 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 um people's attention is, is basically the tools of the trade of not 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 download of the dollar, some quite in the middle on your point. and these are the,

these are the last because the public call you is that you see to different beasts 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 please out in the performance of the, of the, of the beam questions that you actually see. and so the future belongs to the people who are able to actually capture attention within any within any sphere really. but specifically in this particular one, everything rises and falls on your, your capacity to create virals methics moments. now legal experts have raised concerns about these token queens that they could serve as a vehicle for,

for bribery, for corruption, particularly in the case of politicians. do you share that concern? as i go back to the fact that one of these are public book dates, right? and if you're looking at the data in 2023, about 3 trillion was, was cheated in money in money laundering and the trip, the currency industry to present at $22.00 about $32000000.00 worth of that. which represents like 1 point, one percent. no $200.00 and trying to make the back, which represents 1 point, one percent of the global money laundering a system. and so a lot of the money laundering happens, their traditional banks more than it happens on public off 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 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 increase represents the absolutely lowest drawing of what this technology means for emerging market. 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 see both 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. um, i important point to remember is that the 540000000000 was cheated in african

lifetime in the last year 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 treated. remington says, 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, but actually operating inside of different jurisdictions, we're seeing a lot of them to encrypt dependency to use for the partition of funds. um grocery store link, which has a very aggressive direct consumer a strategy. they are using strip the courtesy to be able to depreciate funds back to the us compared to the system that becomes a far more capital efficient and means to be able to actually the budget funds be

on that bill. seeing a lot of different uh far in about uh, 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 damage company such as western union. and we'll commit then the rest of them who loves ethan based systems and those are very extractive. additionally, now we have different than tech savvy much. 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 for the inside of a given jurisdiction. and the use of dependency now 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 a world that we could have a national sovereign bond that is tokenize. so imagine a token nice organ born. 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 crypto 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, be actually paid out in not a lock up, i'd say. and that's value 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 african lifetime government. and so we're looking forward to seeing a lot more tokenize ation. a lot more infrastructure projects that are built and

not distributed and marketed on the, on the block chain and just upgrade us and i find the financial so i'm going to 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 want to tell us about it or yeah, of course being part he's again, i'll save it 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 below that you could look at where you say, oh, well, this isn't very innovative piece of technology. that is actually applied except box i'm talking to you and you wouldn't be liked. you could look at the financial ization tools that allows us to be able to tokenize different assets and bring them on changing. 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 wrecked. and then crucially, if you're looking at it as a tool of a free domain, 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 forward, 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 in africa and beyond. well, thanks tony. uh for your insights on that, and once i correct the main code, i'm launching a coin and you'd better buy it. cuz that is, i mean it would be the code that is tony orlando, thanks so much for that. we appreciate it so many assigned 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 against decades. all the positives imposed by itself african ruinous, his death was announced last weekend. he was $95.00 of freedom, $5.00 to $10.00 founding father and precedence. some nearby 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, most family non gold, embalmed by such a statements. his death had shaken the foundations of the republic. it is the full width at the most subtle then suddenness that i make the announcement this morning on the 9th of february 2055 to then i may

be on people our i freaked on brought us in 5th us and to the world at large about the blessing of our, the viet freedom fighter, and that abortion, edited the exit, i would say the some stuff we should 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 fight against the pot sites imposed by its neva white's majority. south africa, the well most studied bodies is i just been getting called by the and insides and now they have, yeah. i know that it, i suppose swapper smoking in is the 1st president of independent and it may be a 1999. and that creates the legacy as a pragmatic nation building politician at home foraging friendships with the like, slips in bob boys, robert and the gobby bar,

causing some criticism from the west for his controversial views. once describing a does a man made biological weapons 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 liberation of this country. as being that we value highly, and i think something that back in the day in his time has been shown as something that really, really drives us. as many the answer family almost lost his training, grateful, not just for us, but also for africa. he 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 the illusionary for africa. a statue of near my now stands outside the maybe it's independence memorial museum in the capital. when took a last thing testament to the cow is massively to the state of his country towards

democracy and the process of national healing. and that is what finality shows check out. our at the stories on d. w dot com, forward slash applica on social media. we will see next time that will leave you today with the images of independence number. it is the 1st president span by the,

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contact. to tell her, he wanted to say instead i had to tell katia frank, i was calling 5 years off to coach and we remember window road stood still stops march 8th on dw the. this is dw news live from berlin, ukraine's president calls for a european army to confront russia's threat at the munich security conference. lot of here's a lensky urges here up to shape its own future as washington signals. it is cutting back is commitment to european defense, also coming up the latest hostages released by a mosque begin their joyful reunions with families. peggy deco shan and 2 others are back in israel. hundreds of palestinian prisoners are also freed in the