Local Gold miners and gold suppliers have rallied to demand exchanges to be done in BitCoins which has become more reliable amogst the Cameroonian people. BitCoin rates per Dollar are much higher than normal dollar to CFA. Dollar to CFA is on the avg $1 = 560 but by BitCoin, $1 sells for 650 frs. THE DIFFERENCE IS CLEAR !!
BitCoins will now be our primary method of receiving payment for AUCTIONS, CEMAC Buyers permit, End Buyer’s Permit etc as it is clear that this clearly add more money into the pockets of the local miners and this gives them a boost and as they can make up for the lost accrued in currency exchange.
The ministry of mines is giving a push to this initiative by boosting sales and document compilation payments in BitCoins, All illegally mined and processed gold that was seized during this fiscal year will be auctioned on our AUCTION PAGE and the buyer will have to pay with BITCOIN. All auctions must be paid using BitCoins as this initiative and funds will be directly channeled back to the communities where this gold was illegally extracted from in the Eastern Regions of Cameroon where the people suffer from high rates of poverty and lack of medical facilities.
Our auction page will also have our BITCOIN WALLET for DONATIONS to BUILD A MEDICAL CENTER for the under-cared and exploited workers who are mostly suffering from severe damages to their health as statistics revealed last month from a ministerial monitored survey.