TACC Unveils Crypto currency and Renewable Energy Projects in Liberia

Monrovia, Liberia: As part of an effort to modernize Liberia’s financial sector and create employment opportunities, the Abundance Community Coin (TACC) has announced plans to introduce crypto currency in Liberia. 

“With Liberia’s vast resources, there is no reason for widespread poverty. This is an opportunity to embrace digital finance and stimulate economic growth,” William stated.

Speaking at a press conference on Wednesday, February 19, 2025, in Paynesville City, TACC Chief Executive Officer Steve Williams revealed that Maryland County has been selected as the test site for the project.

According to Williams, President Joseph Boakai has already endorsed the initiative and designated an ambassador to coordinate its implementation.

“I first introduced the concept of crypto currency to President Boakai when he was the then-former Vice President. Following further discussions last year, he reaffirmed his support and appointed an ambassador to collaborate with us,” he said.

He also stated that discussions are ongoing with Senate Pro Tempore Nyonblee Karnga-Lawrence regarding the project.

The launch of TACC in Liberia coincides with the global trend of central banks exploring digital currencies.

Countries such as the Bahamas, the British Virgin Islands, and the Eastern Caribbean bloc have already implemented digital financial solutions.

Regulatory advancements in Germany, France, India, Australia, Singapore, the UK, Japan, Canada, South Korea, Nigeria, and the United States have further validated crypto currency’s role in the modern finance system.

TACC’s CEO explained that utilizing a proof of authority consensus model, TACC operates its own block chain-based exchange, emphasizing that the company initially listed its coin on Birake Exchange in June 2021 before expanding to Graviex and Crex24.

In December 2024, TACC introduced its proprietary exchange platform designed for adaptability across industries, financial institutions, and governmental applications.

“Our exchange is built with transparency and accountability at its core,” Williams stated. “Our mission is to facilitate the secure adoption of crypto-currency by businesses, financial institutions, and government agencies.”

Founded in 2019 in Antigua and Barbuda, TACC initially faced regulatory obstacles in Liberia and other jurisdictions.

However, it has since obtained official registrations in multiple countries, most recently in Ghana in February 2022, where it operates as a cyber-security and IT services provider (Company Registration: CS1904401124).

After overcoming skepticism, TACC successfully launched the initiative in December 2024 with 50 million coins in circulation, currently worth over $20 per coin.

Beyond digital finance, Williams revealed plans for investment in Liberia’s energy sector through his company, Super Nova. The firm has secured four locations to develop a 1,500-megawatt solar energy farm.

“This initiative will generate 10,000 well-paying jobs and establish a stable 24/7 electricity supply, making Liberia an attractive destination for industries and lowering the cost of living,” Williams asserted.

Williams also mentioned ongoing negotiations with National Investment Chairman Jeff Blebo and Infrastructure Advisor Joe Mulbah to advance the project.

He stressed that the energy project is fully pre-financed, requiring no financial commitment from Liberia.

“Liberia won’t spend a single dollar on this project; once the Memorandum of Understanding (MoU) is signed, we can commence work immediately.”

Despite his commitment to Liberia, Williams voiced concerns over land disputes, which he believes deter foreign investment.

He disclosed that he has invested nearly US$1 million in his enterprise, Higher Heights Group of Companies, employing over 50 Liberians.

However, unresolved land ownership issues have led to an eviction notice and a legal case currently pending before the Supreme Court.

“I legally acquired this land with a verified title from the national archives, yet there are conflicting claims,” Williams explained.

He warned that such legal uncertainties could discourage potential investors and urged the government to establish a more investor-friendly environment.

Also speaking, TACC Country Coordinator Daniel Siafa highlighted the increasing relevance of crypto-currency in the global economy and Liberia’s growing participation in the digital finance space.

Siafa: “Cryptocurrency is gaining recognition worldwide, from the United States and the UK to Ghana, Niger, and Australia. Liberia is now part of this movement.”

He also pointed to Liberia’s involvement in the 21 Project Pac Exchange and the Super Level Initiative, a US$5 billion crypto currency project designed to facilitate transactions and empower businesses.

“With the Supernova Project, we have a chance to redefine Liberia’s financial landscape. Once local adoption takes hold, the opportunities will be limitless,” Siafa said.

He encouraged the government to embrace crypto currency as a tool for financial inclusion and economic growth.

As Liberia seeks to position itself as a leader in block chain technology and renewable energy, these initiatives could attract foreign investments, create jobs, and drive national progress.

However, to maximize these opportunities, the government of Liberia must address regulatory concerns and land disputes.

Edited: E. Geedahgar Garsuah, Sr.