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{{short description|Cryptocurrency}}
{{short description|Cryptocurrency}}
{{Update|date=June 2023}}
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{{Use dmy dates|date=October 2021}}
{{Article for deletion/dated|page=AmbaCoin|timestamp=20200808215200|year=2020|month=August|day=8|substed=yes|help=off}}
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{{notability|date=August 2020}}
{{Infobox cryptocurrency
{{Infobox cryptocurrency
| currency_name = AmbaCoin
| currency_name = AmbaCoin
| image_1 = [[File:AmbaCoin_Icon.png|128px]]
| image_1 = [[File:AmbaCoin Icon.png|150px]]
| image_title_1 = The Official Logo of the AmbaCoin
| image_title_1 = Official logo of AmbaCoin
| initial_release_date = December 24, 2018<ref name="qz" />
| initial_release_date = 24 December 2018<ref name="qz" />
| status = In use
| status = In use
| website = [https://ambacoin.io ambacoin.io]
| website = {{URL|https://ambacoin.io}}
| exchange_rate = 25¢
| exchange_rate = [[US$]]0.25
}}
}}


'''AmbaCoin''' is the official [[cryptocurrency]] of the [[Cameroons]] [[separatists]] entity of [[Ambazonia]].<ref name="qz" >{{Cite web|url=https://qz.com/africa/1492745/cameroon-anglophone-separtists-create-cryptocurrency-ambacoin/|title=Cameroon’s Anglophone separatists have created their own cryptocurrency|first=Amindeh Blaise|last=Atabong|website=Quartz Africa}}</ref><ref>{{Cite web|url=https://www.lemonde.fr/afrique/article/2018/12/14/ambacoin-une-cryptomonnaie-pour-les-separatistes-au-cameroun_5397673_3212.html|title=Ambacoin, la cryptomonnaie pour les séparatistes camerounais|date=December 14, 2018|via=Le Monde}}</ref><ref>{{Cite web|url=http://www.rfi.fr/afrique/20190102-cameroun-anglophone-ambacoin-disponible-achat|title=Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI|website=RFI Afrique}}</ref><ref>{{Cite web|url=https://thenextweb.com/contributors/2019/01/07/december-in-africa-ghanian-healthcare-drones-and-cameroonian-separatist-cryptocurrency/|title=December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency|first=Tom|last=Jackson|date=January 7, 2019|website=The Next Web}}</ref> One '''AmbaCoin''' is worth 25 cents ([[United States Dollar|USD]]), or about 140 [[Central African Franc]]s. It is said to be backed by the “rich natural resources” of the breakaway region.<ref name="qz" /> The AmbaCoin was launched on in 2018 and the [[Initial coin offering|ICO]] was from December 2018 to 2019.<ref>{{Cite web|url=https://ambacoin.io/|title=AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest|website=Ambazonian Crypto Currency {{!}} AmbaCoin|language=en-US|access-date=2020-01-13}}</ref> The Ambazonian Government claims that all profits will go to their independence and humanitarian aid.<ref>{{Cite web|url=https://www.aljazeera.com/news/2018/12/cameroon-rebels-issue-virtual-currency-fund-independence-181224172110496.html|title=Cameroon rebels issue virtual currency to fund independence|website=www.aljazeera.com|access-date=2020-01-13}}</ref><ref>{{Cite web|first=Daniel|last=Finnan|url=http://www.rfi.fr/en/africa/20190101-cameroon-separatists-sell-ambazonia-cryptocurrency-replacement-cfa-franc|title=Cameroon separatists sell cryptocurrency as replacement for CFA franc|date=2019-01-01|website=RFI|language=en|access-date=2020-01-13}}</ref>
'''AmbaCoin''' is the official [[cryptocurrency]] of [[Ambazonia]].<ref name="qz">{{Cite web |last=Atabong |first=Amindeh Blaise |title=Cameroon's Anglophone separatists have created their own cryptocurrency |url=https://qz.com/africa/1492745/cameroon-anglophone-separtists-create-cryptocurrency-ambacoin/ |website=Quartz Africa |date=12 December 2018 |access-date=25 November 2019 |archive-date=12 December 2018 |archive-url=https://web.archive.org/web/20181212204756/https://qz.com/africa/1492745/cameroon-anglophone-separtists-create-cryptocurrency-ambacoin/ |url-status=live }}</ref><ref>{{Cite news |date=14 December 2018 |title=Ambacoin, la cryptomonnaie pour les séparatistes camerounais |newspaper=Le Monde.fr |url=https://www.lemonde.fr/afrique/article/2018/12/14/ambacoin-une-cryptomonnaie-pour-les-separatistes-au-cameroun_5397673_3212.html |via=Le Monde |access-date=25 November 2019 |archive-date=14 December 2018 |archive-url=https://web.archive.org/web/20181214171128/https://www.lemonde.fr/afrique/article/2018/12/14/ambacoin-une-cryptomonnaie-pour-les-separatistes-au-cameroun_5397673_3212.html |url-status=live }}</ref><ref>{{Cite web |title=Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI |url=http://www.rfi.fr/afrique/20190102-cameroun-anglophone-ambacoin-disponible-achat |website=RFI Afrique |date=January 2019 |access-date=25 November 2019 |archive-date=2 January 2019 |archive-url=https://web.archive.org/web/20190102025031/http://www.rfi.fr/afrique/20190102-cameroun-anglophone-ambacoin-disponible-achat |url-status=live }}</ref><ref>{{Cite web |last=Jackson |first=Tom |date=7 January 2019 |title=December in Africa: {{sic|Ghan|ian|hide=y}} healthcare drones and Cameroonian separatist cryptocurrency |url=https://thenextweb.com/contributors/2019/01/07/december-in-africa-ghanian-healthcare-drones-and-cameroonian-separatist-cryptocurrency/ |website=The Next Web |access-date=25 November 2019 |archive-date=7 January 2019 |archive-url=https://web.archive.org/web/20190107114836/https://thenextweb.com/contributors/2019/01/07/december-in-africa-ghanian-healthcare-drones-and-cameroonian-separatist-cryptocurrency/ |url-status=live }}</ref> It is said to be backed by the "rich natural resources" of the breakaway region.<ref name="qz" /> The AmbaCoin was launched on in 2018, and the [[Initial coin offering|ICO]] was from December 2018 to 2019.<ref>{{Cite web |title=AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest |url=https://ambacoin.io/ |access-date=13 January 2020 |website=Ambazonian Crypto Currency {{!}} AmbaCoin |language=en-US |archive-date=16 December 2018 |archive-url=https://web.archive.org/web/20181216210235/https://ambacoin.io/ |url-status=live }}</ref> The [[Ambazonia Governing Council]] claims that all profits go towards their independence struggle and humanitarian aid.<ref>{{Cite web |title=Cameroon rebels issue virtual currency to fund independence |url=https://www.aljazeera.com/news/2018/12/cameroon-rebels-issue-virtual-currency-fund-independence-181224172110496.html |access-date=13 January 2020 |website=www.aljazeera.com |archive-date=24 December 2018 |archive-url=https://web.archive.org/web/20181224212600/https://www.aljazeera.com/news/2018/12/cameroon-rebels-issue-virtual-currency-fund-independence-181224172110496.html |url-status=live }}</ref><ref>{{Cite web |last=Finnan |first=Daniel |date=1 January 2019 |title=Cameroon separatists sell cryptocurrency as replacement for CFA franc |url=http://www.rfi.fr/en/africa/20190101-cameroon-separatists-sell-ambazonia-cryptocurrency-replacement-cfa-franc |access-date=13 January 2020 |website=RFI |language=en |archive-date=16 November 2019 |archive-url=https://web.archive.org/web/20191116132328/http://www.rfi.fr/en/africa/20190101-cameroon-separatists-sell-ambazonia-cryptocurrency-replacement-cfa-franc |url-status=live }}</ref>

== Proposal ==

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 [[Shell money|Cowry]] (the historical currency that circulated along the coast of West Africa, mostly by traders and merchants, before the colonization of Africa), Njangi,<ref>{{Cite journal |last=Besin-Mengla |first=Mendong Margaret |date=2020-09-29 |title=Njangi: Pillar of Development in the Anglophone Regions of Cameroon |url=https://www.al-kindipublisher.com/index.php/jhsss/article/view/470 |journal=Journal of Humanities and Social Sciences Studies |volume=2 |issue=5 |pages=31–40 |doi=10.32996/jhsss.2020.2.5.5 |s2cid=240049753 |issn=2663-7197 |doi-access=free |access-date=24 May 2024 |archive-date=25 February 2024 |archive-url=https://web.archive.org/web/20240225131117/https://www.al-kindipublisher.com/index.php/jhsss/article/view/470 |url-status=live }}</ref><ref>{{cite web |title=Njangi Sociality: Mobility, ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields |url=https://www.imtfi.uci.edu/files/docs/2013/Nyamnjoh%20and%20Fuh%20-%20FINAL%20REPORT.pdf |access-date=24 May 2024 |archive-date=18 January 2024 |archive-url=https://web.archive.org/web/20240118033534/https://www.imtfi.uci.edu/files/docs/2013/Nyamnjoh%20and%20Fuh%20-%20FINAL%20REPORT.pdf |url-status=live }}</ref> Ambazonian Dinar, Ambazonian Qwid and the [[Eco (currency) |West African Eco]] (provided it joins the [[Economic Community of West African States|ECOWAS]] along with the [[Economic Community of West African States#West African Monetary Zone|WAMZ]] if or once independence is attained).


== References ==
== References ==
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{{Reflist}}
[[Category:Cryptocurrencies]]
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Revision as of 09:57, 1 December 2024

AmbaCoin
Official logo of AmbaCoin
Development
Initial release24 December 2018[1]
Development statusIn use
Valuation
Exchange rateUS$0.25
Website
Websiteambacoin.io

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 Ambazonia Governing Council claims that all profits go towards their independence struggle and humanitarian aid.[6][7]

Proposal

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).

References

  1. ^ a b c Atabong, Amindeh Blaise (12 December 2018). "Cameroon's Anglophone separatists have created their own cryptocurrency". Quartz Africa. Archived from the original on 12 December 2018. Retrieved 25 November 2019.
  2. ^ "Ambacoin, la cryptomonnaie pour les séparatistes camerounais". Le Monde.fr. 14 December 2018. Archived from the original on 14 December 2018. Retrieved 25 November 2019 – via Le Monde.
  3. ^ "Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI". RFI Afrique. January 2019. Archived from the original on 2 January 2019. Retrieved 25 November 2019.
  4. ^ Jackson, Tom (7 January 2019). "December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency". The Next Web. Archived from the original on 7 January 2019. Retrieved 25 November 2019.
  5. ^ "AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest". Ambazonian Crypto Currency | AmbaCoin. Archived from the original on 16 December 2018. Retrieved 13 January 2020.
  6. ^ "Cameroon rebels issue virtual currency to fund independence". www.aljazeera.com. Archived from the original on 24 December 2018. Retrieved 13 January 2020.
  7. ^ Finnan, Daniel (1 January 2019). "Cameroon separatists sell cryptocurrency as replacement for CFA franc". RFI. Archived from the original on 16 November 2019. Retrieved 13 January 2020.
  8. ^ 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. Archived from the original on 25 February 2024. Retrieved 24 May 2024.
  9. ^ "Njangi Sociality: Mobility, ICTs and Mobile Money Usages and Practices amongst Poor Rural Farmers in the Cameroon Grassfields" (PDF). Archived (PDF) from the original on 18 January 2024. Retrieved 24 May 2024.


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