Bankless Africa Podcast
Bankless Africa
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The bankless Africa show highlights projects, ecosystems and people making impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
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4 days ago
Exploring Decentralized Governance w/ Jengajojo of DAOstewards.
Episode Description:
In this episode, we delve into the transformative world of decentralized governance, exploring its principles, innovations, and challenges. We use Optimism DAO as our focal point, a pioneering entity in the decentralized space, to understand the nuances and potentials of decentralized governance in creating a more equitable and inclusive digital realm. 🌐 Topics Covered:
*
Decentralized Governance:
* The lifeblood of Web3, enabling communities to shape destinies and fostering transparency.
* A method of coordination and decision-making in the crypto community, evolving from direct democracy to delegated governance.
*
Optimism DAO:
* A layer two scaling solution on Ethereum focusing on decentralized governance through a unique bicameral structure.
* The structure includes a token house for governance decisions and a citizen's house for allocating funds to public good projects.
*
Web3 & Decentralization:
* The decentralized internet as the beacon guiding us towards innovation, freedom, and community-driven development.
* The role of decentralized governance in breaking the chains of traditional hierarchies and creating a more open and collaborative digital world. 🗣️ Speakers:
* thinkDecade: Shares insights on the importance of decentralized governance in the evolution of Web3 and his journey into crypto.
* jengajojo: Discusses the intricacies of governance structures and the innovations by Optimism DAO in avoiding plutocracy in DAO governance. 📘 Recommended Reading:
* "The Sovereign Individual": A recommended book that has shaped the understanding of decentralization and sovereignty for many in the crypto space. 🔑 Key Takeaways:
* Decentralized governance is reshaping our understanding of collective decision-making and organizational structures.
* Optimism DAO is at the forefront of experimenting with decentralized governance, focusing on equitable decision-making and public goods funding.
* The episode provides deep insights into the ongoing developments, challenges, and the potential of decentralized governance in shaping a more equitable and inclusive digital future.
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Sep 17, 2023
Sats & Gwei | Opera aims to make payments a breeze with MiniPay | kotani Pay raises $2m | Onboard Wallet raises $1.9m | Yellow Card & MoonPay Partners | And More
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa. Highlights
Yellowcard and Moonpay partner to improve crypto accessibility in Nigeria
https://www.benjamindada.com/yellowcard-and-moonpay-partner-crypto-accessibility-nigeria/
Yellowcard and MoonPay have partnered to make cryptocurrency more accessible in Nigeria. They will integrate their platforms to simplify peer-to-peer crypto transactions for Nigerians. This looks positive for the Nigerian crypto landscape.
Opera launches MiniPay
https://x.com/CeloOrg/status/1701877114302304718?s=20
Opera has launched MiniPay, a stablecoin-based non-custodial wallet that allows users to send and receive funds instantly using just a phone number. It is currently available in Nigeria on Android via Opera Mini, with plans to expand to other African countries. MiniPay offers fast transactions, low fees, and support for local payment methods.
US fintech Olliv expands crypto kiosks to South Africa
https://www.kioskmarketplace.com/news/us-fintech-olliv-expands-crypto-kiosks-to-south-africa/
US fintech Olliv has expanded its crypto kiosks to South Africa, with nine kiosks installed across KwaZulu-Natal and Gauteng. This is Olliv's first entry into the African market. The kiosks allow users to buy and sell Bitcoin, Ethereum, and Litecoin using cash or debit card.
Jay-Z And Jack Dorsey funded Btrust Acquires African Bitcoin Firm Qala
https://cointelegraph.com/news/jack-dorsey-s-trust-acquires-african-bitcoin-organization-qala
₿trust, a 2021 nonprofit organization funded by Jack Dorsey and rapper Jay-Z, has officially acquired Qala as of the 1st September 2023. Qala is an African Bitcoin organization that trains Bitcoin and Lightning Network engineers while ₿trust exists to decentralise the development of Bitcoin software, this acquisition is part of that mission, to drive the development and education of Bitcoin open-source engineers from across the Global South.
Qala will rebrand as the ₿trust Builders Programme and continue to operate under its current leadership. The program will continue to offer training and support to African Bitcoin developers, with a focus on building the infrastructure and applications needed to make Bitcoin more accessible and useful to people on the continent.
Kotani Pay receives a $2m pre-seed funding
https://techpoint.africa/2023/09/05/kotani-pay-preseed-funding/
Kotani Pay, a Kenyan crypto-based payments startup, raised $2 million in pre-seed funding to expand its platform to new markets in Africa and develop new features. The platform has the potential to revolutionize the way that Africans send and receive money.
VALR introduces VALR Pay, Now Available At All Pick n Pay Tills Across South Africa
https://iafrica.com/valr-pay-now-available-at-all-pick-n-pay-tills-across-south-africa/
VALR Pay, a cryptocurrency payment service, is now available at all Pick n Pay tills in South Africa. Customers can use Bitcoin to pay for goods and services at Pick n Pay stores nationwide. To use VALR Pay, customers open the VALR app, log in, scan a QR code, and show the payment confirmation message to the cashier.
Onboard raises $1.9 million
https://adaverseaccelerator.medium.com/cardano-accelerator-adaverse-invests-in-nestcoin-to-catalyze-financial-inclusion-in-africa-c0239a1ebb3d
Nestcoin's Onboard Wallet, a global, mobile-friendly platform that simplifies the process of buying, selling, and storing cryptocurrencies, raised $1.9 million in a fund round led by Hashed Emergent. The investment will be used to expand Nestcoin's reach in Africa and develop new products and services. Onboard was also part of 15 global brands that took part in the launch of Base, alongside Coca-Cola, Atari, Open Sea and Optimus.
US court finds South African company Cape Cookies guilty of a major crypto scam
https://www.investing.com/news/cryptocurrency-news/us-court-finds-south-african-firm-guilty-in-major-crypto-scam-3170600
South African company Cape Cookies and its CEO Willem Breytenbach were found guilty of orchestrating a $20M cryptocurrency scam. They face up to 20 years in prison and a $250,000 fine.
And more...
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Sep 13, 2023
ETHSafari 2023: Mobilizing to build for Real Impact and Use Cases
Our guest today is Mortech(Contributor at SafariDAO) who talks about ETHSafari 2023, an upcoming event that aims to bring together the Ethereum community in Africa and beyond. It is a week-long conference and festival that will feature panels, workshops, keynotes, hackathons, and art performances on various topics related to blockchain technology and decentralized finance. Some of the themes that will be covered are:
* DeFi for the real world: How decentralized finance can shift the future of African and global economies
* Investing in Web3: Lessons and opportunities from the frontlines of crypto investing
* NFTs and digital identity: The metaverse experience and the potential of non-fungible tokens
* Impact and ReFi: Social impact and regenerative finance as a way to do business more accountably
* DAOs: The web3 rabbithole and how to create and join decentralized autonomous organizations
ETHSafari 2023 will take place from September 18 to September 24 in Kenya. The first three days will be held in Nairobi, where participants can join bootcamps and side events to learn and build with Ethereum. The last four days will be hosted at Beneath The Baobabs, a stunning venue in Kilifi, where the conference and festival will take place. There will also be a special train ride from Nairobi to Kilifi on September 21, called the BlockTrain, for those who want to enjoy the scenic journey.
If you are interested in attending ETHSafari 2023, you can get your early bird tickets now at ETHSafari website. You can also check out the schedule, the speakers, the artists, and the sponsors of the event.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making impacts and driving crypto adoption across Africa. Get informed on all things Bitcoin, Defi, NFTs, web3, and everything in between.
Disclaimer
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember always to do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless.africa Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Sep 8, 2023
The case for L2s in Africa with thinkDecade
thinkDecade joins Miss Purple on this episode to explore the case for L2s in Africa. In The Great Promise episode, a case was made about how crypto is a technology that promises financial inclusion and economic participation in a manner and scale never before seen for the everyday African. Unfortunately, this promise is threatened with challenges like transaction fees on L1 blockchains like Ethereum and Bitcoin. This episode continues the conversation by presenting how L2s such as Optimism are helping bring the Great Promise back on track.
The episode also briefly touches on Optimism's vast ecosystem and how it offers opportunities in the form of retroactive public good funding and ecosystem grants to people who provide value and build in the Op ecosystem. This means that if you are a developer who is building on Optimism, you can apply for grants to help fund your project. Additionally, if you are providing value to the Optimism ecosystem in some other way, such as by writing blog posts or tutorials, you can also apply for retroactive public good funding. This is a great way to support the development of the Optimism ecosystem and to get rewarded for your contributions.
The Optimism ecosystem is currently undergoing a great deal of experimentation with its governance and superchain thesis. We strongly advise you to keep an eye on this ecosystem.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making impacts and driving crypto adoption across Africa. Get informed on all things Bitcoin, Defi, NFTs, web3, and everything in between.
Disclaimer
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember always to do your own research!
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless.africa Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Sep 3, 2023
Sats & Gwei | Blockchain Startups decreases by 5.5% in Africa | Felix Adu aims to revolutionize fashion with blockchain | Patricia exchange Saga continues | Crypto premium surges in SA | And more
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa. Highlights
Blockchain Startups decreases by 5.5% in Africa
https://bitcoinke.io/2023/08/blockchain-startups-decrease-in-2023/
Felix Adu aims to revolutionize fashion with blockchain
https://www.thisdaylive.com/index.php/2023/09/01/felix-adu-revolutionises-fashion-industry-with-african-textiles-cutting-edgetechnology
Patricia exchange Saga continues
https://cointelegraph.com/news/crytpo-token-nigeria-s-patricia-crypto-exchange-seeks-to-explain-its-token-amid-confusion
Crypto premium surges in SA
https://news.bitcoin.com/south-african-crypto-premium-surge-after-kraken-abruptly-starts-blocking-deposits-by-local-residents/
Blockchain Association in Kenya goes to court
https://techcabal.com/2023/09/01/bak-moved-to-court-to-block-crypo-taxes/
And more
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Aug 28, 2023
Empowering Web3 Builders in Africa with Jennifer Echenim of Web3Afrika
Jennifer Echenim contributes significantly to Web3Afrika as the Community and Technical Lead. She's also the Co-founder of Bloccpay, an innovative crypto-powered payroll solution for global enterprises and talents.
Web3Afrika is a spin-off of Developer DAO with a goal of onboarding, educating and supporting web3 builders in Afrika. They aim to foster and build Web3 tools and Public Goods while helping to foster diversity in global Web3 conversations.
Jennifer Echenim highlights the importance of their vision, mission and the need to have a thriving builder ecosystem in Afrika and beyond!
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making impacts and driving crypto adoption across Africa. Get informed on all things Bitcoin, Defi, NFTs, web3, and everything in between.
Disclaimer
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember always to do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless.africa Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Aug 20, 2023
Sats & Gwei | Coingecko Report: West Africa Leads Crypto Craze with 75% Interest | Brazil Court Fines South African Bitcoin Ponzi Mastermind | South Africa Sees Crypto Fraud Spike Linked to Deep Fakes
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do, we bring you the latest and most relevant crypto news and updates across Africa. Highlights
Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
https://news.bitcoin.com/report-brazilian-court-fines-mastermind-of-south-african-bitcoin-ponzi-scheme/
https://mybroadband.co.za/news/cryptocurrency/504222-boss-of-south-africas-biggest-pyramid-scheme-in-history-found-guilty-in-brazil-fined-r595000.html
SA sees an uptick in crypto fraud, seemingly caused by deep fakes
https://www.itweb.co.za/content/LPwQ5MlbmX6vNgkj
Coingecko’s latest report puts West Africa at the top of the continent’s crypto craze with a 75% interest in crypto
https://www.itweb.co.za/content/LPwQ5MlbmX6vNgkj
Coingecko’s latest report puts West Africa at the top of the continent’s crypto craze with a 75% interest in crypto
https://bitcoinke.io/2023/08/west-africa-dominates-africa-crypto-craze/
The Africa Blockchain Institute Partners With Web3 Tech
https://alexablockchain.com/africa-blockchain-institute-partners-with-web3-tech/
Luno celebrates 10 years in South Africa
https://www.itweb.co.za/content/mYZRXM9gNRkvOgA8
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Disclaimer:
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Aug 16, 2023
ETHAccra : Learn, Hack and Build for Africa with Abena.eth
This episode features Abena, a Shefi educator, and ETH Bogota finalist. She is also the co-founder of ETHAccra and has spoken at various ETH events around the world, leaving a lasting impression on the crypto and blockchain community with her insights and passion.
Abena's journey into blockchain and computer science is enthralling. She has a passion for teaching and has participated in many hackathons. She is also a strong advocate for collaboration and inclusivity within the blockchain ecosystem. Abena believes that African developers can play a significant role in addressing the unique challenges faced by the continent. She is excited about the upcoming ETHAccra event.
ETHAccra is a 3-day hackathon that will take place from September 7th to September 9th, 2023 at the University of Ghana, Legon. It aims to bring the Ethereum community to the most crypto-friendly city in the heart of West Africa. The goal is to learn, hack, discuss, and celebrate the future of decentralization. The use cases developed at ETHAccra should have the goal of transforming Africa. This means that the use cases should be designed to address some of the most pressing challenges facing the continent. Additionally, the use cases should be designed to empower and uplift the people of Africa, giving them the tools they need to build a better future for themselves and their communities
Motto: “Beyond blockchain: building the new infrastructure frontier in Africa”
The event is open to anyone who has a passion for decentralization, from Ethereum, crypto to web3. You don’t need to have any prior experience or knowledge to participate in this hackathon. All you need is a laptop, an internet connection, and a willingness to learn and have fun. You can join as an individual or as a team
Sign up here https://www.ethaccra.xyz/ Key Takeaways:
African Developers: Central to crafting solutions tailored for Africa.
Value of Hackathons: A vital nexus for learning, collaboration, and crafting prototypes.
ETHAccra: Envisioned as a cornerstone event, nurturing the Ethereum builder community in West Africa.
Three Cs of Ecosystem Building: The foundation of a lasting and influential ecosystem is built on collaboration, contribution, and consistency.
Blockchain Community Goals: It's imperative to foster inclusivity and confront the prohibitive transaction fees which exclude many.
Quotes:
"The essence is in creating an atmosphere conducive to learning, especially when navigating complex terrains"
"Hackathons are a reservoir of networking opportunities, learning, and enriching experiences"
"Africa must take the initiative to create its own solutions"
"Our quest is to enrich the Ethereum builder community, heralding a new era of developers in West Africa"
"Our vision aligns with co-creating a space that resonates with our true essence"
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making impacts and driving crypto adoption across Africa. Get informed on all things Bitcoin, Defi, NFTs, web3, and everything in between.
Disclaimer
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember always to do your own research.
Join us
Twitter https://twitter.com/Bankless_Africa
Instagram https://www.instagram.com/bankless.africa LinkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Aug 13, 2023
Sats & Gwei | Worldcoin halted in Kenya amid rush for free money | Nigerian Trade Group urges Government to ban Binance | Nigeria turns blockchain to combat certificate fraud | And More
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do, we bring you the latest and most relevant crypto news and updates across Africa. Highlights
🗞️ Nigerian Trade group urges government to ban Binance exchange.
https://cointelegraph.com/news/binance-nigeria-faces-calls-for-ban-by-nigerian-bureau-de-change-association
🗞️ Nigeria turns to blockchain to combat certificate fraud
https://www.msn.com/en-us/money/markets/nigeria-adopts-blockchain-to-fight-certificate-fraud/ar-AA1f5tAo
🗞️ Cardano expands blockchain efforts in Africa via Mithril
https://bitcoinke.io/2023/08/the-state-of-kyc-in-africa-h1-2023-report/
🗞️ 2023 Smile ID Report : Crypto tops biometric fraud rates
https://bitcoinke.io/2023/08/the-state-of-kyc-in-africa-h1-2023-report/
🗞️ Bundle Africa shifts focus to Cashlink P2P, ending exchange services
https://cointelegraph.com/news/nigerian-social-payments-app-shuts-down-crypto-exchange-services
https://twitter.com/DefiUncut/status/1682668916579901440?s=20
🗞️ Over 10k South African stores now take Momint crypto vouchers.
https://news.bitcoin.com/over-10000-south-african-retail-outlets-now-accept-momint-crypto-vouchers/
🗞️ Worldcoin halted in Kenya amid rush for free cash
https://www.bbc.com/news/world-africa-66383325
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Disclaimer:
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Jul 16, 2023
Sats & Gwei | Kushite East Africa ICP launches a web3 hub | Egyptians look to bitcoin amidst skyrocketing inflation | South Africa requires Crypto Firms to be Licensed by end of 2023 | And more
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa. Highlights
Standard Bank wants to be ‘fast follower’ and not a fast adopter of crypto
https://www.moneyweb.co.za/news/companies-and-deals/africas-biggest-bank-wants-to-be-fast-follower-on-crypto/
Kushite East Africa ICP launches a web3 hub to drive blockchain awareness
https://africabusinesscommunities.com/tech/tech-news/kushite-east-africa-icp-launches-web3-hub-to-drive-blockchain-awareness/
Venom Foundation Brings Blockchain to Kenya
https://www.livebitcoinnews.com/the-venom-foundation-seeks-to-bring-blockchain-to-kenya/
Egyptians look to bitcoin amidst skyrocketing inflation
https://techstory.in/egypt-struggles-with-skyrocketing-inflation-as-bitcoins-popularity-soars/
IOTA Revolutionises Supply Chains in Africa Using Tangle Technology
https://www.crypto-news-flash.com/iota-revolutionizing-supply-chain-in-africa-using-tangle-technology-report/
South Africa requires Crypto Firms to be Licensed by Year-End of 2023
https://www.bloomberg.com/news/articles/2023-07-04/south-africa-to-require-crypto-exchanges-licensing-by-year-end
https://cointelegraph.com/news/crypto-exchange-licences-south-africa-by-year-end
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Jul 14, 2023
The Great Promise : Crypto & Africa with thinkDecade & Abidemi
thinkDecade and Abidemi bring you an interesting episode today "The Great Promise: Crypto & Africa". In this episode, we delve into the vast landscapes of Africa to explore a revolution that's unfolding—one powered by the disruptive technology of cryptocurrency. We uncover how this emerging force defies borders, challenges conventions, and carries the great promise of rewriting Africa's narrative within it. The transformative power of cryptocurrency is poised to transcend barriers, reshape economies, and unlock the continent's boundless potential.
We take a step back in time to understand the historical context of financial exclusion in Africa and the role of the fiat system in perpetuating economic disparity. We explore the challenges presented by fiat money, such as inflation, devaluation, and manipulation, and discuss how they've impeded the continent's progress.
Next, we delve into the promise of crypto for Africa, touching upon three key themes. First, we discuss the idea of "Fix the Money, Fix Africa", elaborating on Bitcoin's transformative power as hard, sound money, and how it offers a solution to the negative impacts of inflation and manipulation of fiat money. Second, we examine "An Internet of Boundless Value", introducing the concept and potential of Web3 and Ethereum. We look at the development of decentralized applications (dApps) and their real-world implications for Africa.
However, it's not all smooth sailing. We highlight the challenges posed by scalability issues and high transaction fees, the contradiction between the promise of crypto, and the reality of high transaction costs.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making impacts and driving crypto adoption across Africa. Get informed on all things Bitcoin, Defi, NFTs, web3, and everything in between.
Disclaimer
None of what is shared in this show is financial or tax advice. This channel is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember always to do your own research!
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless.africa Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
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Jul 9, 2023
Sats & Gwei | 40% of South Africans familiar with web3 | Chipper Cash enters Rwanda | Nigeria’s Crypto tax - a premature move? | Pillow fund discontinues operations | And more !
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa.
Highlights
40% of South Africans Familiar With the 'Concept of Web3' says Study
https://news.bitcoin.com/40-of-south-africans-familiar-with-the-concept-of-web3-study/
Chipper Cash Formally Launches Operations in Rwanda, its 6th African Country
https://bitcoinke.io/2023/07/chipper-cash-launches-in-rwanda/
BlockchainUNN hosts the biggest campus Blockchain Conference in Africa
https://technext24.com/2023/07/05/blockchainunn-biggest-campus-conference/
Nigerian crypto tax move is ‘premature’ says Local stakeholders
https://cointelegraph.com/news/nigerian-crypto-tax-move-is-premature-local-stakeholders
Ban on cryptocurrency transaction still in force in Ghana – Finance Minister warns
https://www.ghanaweb.com/GhanaHomePage/business/Cryptocurrency-ban-remains-in-effect-Finance-Ministry…
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Jul 2, 2023
Sats & Gwei | Crypto offers Africans lifeline from inflation & Corruption | Users can only access 76% of Crypto Holdings on Revix | Crypto Adoption more significant in Poorer countries | And More
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa.
Highlights
Web3 Ladies and Celo Announce Winners of "Women Build Celo Hackathon”
https://techpoint.africa/2023/06/22/web3-ladies-and-celo-announce-winners-of-women-build-celo-hackathon/
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say Crypto Executives
https://cointelegraph.com/news/crypto-offers-africa-lifeline-inflation-corruption
South African Crypto Platform Says Customers Can Only Access 76% of Crypto Holdings
https://news.bitcoin.com/haru-invest-fallout-south-african-crypto-platform-says-customers-can-only-access-76-of-crypto-holdings/
Crypto Adoption More Significant in Poorer African Countries according to Study
https://news.bitcoin.com/study-crypto-adoption-more-significant-in-poorer-african-countries/
Nigeria among top 10 countries for crypto as A…
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Jun 22, 2023
Bitfinex and Financial Freedom with Paolo Ardoino, CTO
Bitfinex, a top-tier OG cryptocurrency exchange platform, is deeply committed to fostering financial freedom and paving the way for individuals.Their mission is centered around equipping people with the essential tools and infrastructure needed to achieve financial freedom.This episode features Paolo Ardoino, Bitfinex's CTO, who brings to light his enthusiasm for programming and building applications for financial services. He exudes optimism about the capabilities of Bitcoin & the blockchain technology that supports it. Paolo has been with the company since 2015 and is responsible for developing and managing the core parts of the Bitfinex back end, overall, he has been building valuable tools and infrastructure for financial innovation for the past 15 years.
Bitfinex has set its sights on amplifying its educational initiatives in 2023, particularly regarding asset custody, highlighting its dedication to safeguarding user assets and the crucial role of education in the cryptocurrency…
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Jun 18, 2023
Sats & Gwei | Binance Tax debuts in south Africa | Nigeria taxes 10% of crypto profits after passing blockchain acts | Pan-African Crypto Exchange Mara Lays Off Majority of Employees | And More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
Binance introduces new crypto tax system in South Africa
https://web3africa.news/2023/06/15/news/binance-tax-provides-new-crypto-tax-system-to-south-africa/
https://bitcoinke.io/2023/06/introducing-binance-tax-tool-in-south-africa/
Nigerian Startup, NearPays, Wins Inaugural Gitex Africa Fintech and Blockchain Award in Morocco
https://bitcoinke.io/2023/06/nearpays-wins-award-in-morocco/
https://twitter.com/NITDANigeria/status/1664694318819340288?s=20
Zimbabwean Man in Court for Stealing Crypto
https://bitcoinke.io/2023/06/zimbabwean-man-in-court-for-stealing-crypto/
Pan-African Crypto Exchange Mara Lays Off Majority of Employees
https://news.bitcoin.com/report-pan-african-crypto-exchange-mara-lays-off-majority-of-employees/
https://web3africa.news/2023/06/16/news/mara-exchange-feels-pressure-of-crypto-winter/
Nigeria taxes 10% of crypto profits after pass…
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Jun 11, 2023
Sats & Gwei | Decentralized network operator aims to expand to Africa | Nigeria Sec & Binance | Crypto among top in-demand assets in South Africa | And more
Emurgo Africa Set to Unveil Africa’s First State of Web 3.0 in Africa Report
https://www.thisdaylive.com/index.php/2023/06/06/emurgo-africa-set-to-unveil-africas-first-state-of-web-3-0-in-africa-report
Decentralized wireless network operator World Mobile to launch African expansion
https://cointelegraph.com/news/world-mobile-eyes-african-rollout-after-decentralized-wireless-field-tests
Mara partners with NITDA to train 500,000 government employees on blockchain technology
https://nairametrics.com/2023/06/06/mara-partners-with-nitda-to-train-500000-government-employees-on-blockchain-technology/
Binance operations in Nigeria is illegal – Nigeria’s SEC
https://nairametrics.com/2023/06/10/nigerias-sec-declares-binance-operations-in-the-country-as-illegal/
Crypto and others most in-demand investments in South Africa
https://businesstech.co.za/news/finance/694069/south-africans-are-turning-to-alternative-investments-including-solar-and-crypto/
Kenya’s Web3 Clubs Graduates…
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Jun 4, 2023
Sats & Gwei | Yellow Card and Tether Join Forces | Kenyan Farmers Reclaim Millions with Crypto Insurance | Nigerian Crypto Firm Halts Withdrawals Due to Security Breach | And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
Yellow Card and Tether Join Forces to Drive Stablecoin Education and Adoption Among the African Youth
https://guardian.ng/apo-press-releases/yellow-card-and-tether-join-forces-to-drive-stablecoin-education-and-adoption-among-the-african-youth/
Centi and Centbee partner to empower African diaspora with affordable blockchain-based transfers
https://coingeek.com/revolutionizing-remittances-centi-and-centbee-partner-to-empower-african-diaspora-with-affordable-blockchain-based-transfers/
https://bitcoinke.io/2023/05/centbee-partners-with-nchain/
Kenya’s Bitcoin DADA Graduates Latest Cohort of Women Bitcoiners on Africa Bitcoin Day
https://bitcoinke.io/2023/05/bitcoin-dada-graduates-women-bitcoiners-on-africa-bitcoin-day/
7,000 Kenyan Farmers Recover Millions in New Crypto Insurance Venture
https://www.kenyans.co.ke/news/89928-7000-farmers-recover-millions-new-…
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May 28, 2023
Sats & Gwei | Crypto adoption is booming | Polygon & Ethereum among most dominant chain in Africa | TON launches 25 Million accelerator Program | And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023 (cointelegra
Polygon and Ethereum Among Dominant Chains in Africa according to Mercy Corps Ventures
https://bitcoinke.io/2023/05/crypto-for-good-fund-2023-report/
https://medium.com/mercy-corps-social-venture-fund/the-crypto-for-good-landscape-in-emerging-markets-539a03256be5
Bitcoin powers sustainable energy infrastructure in rural Africa
https://finbold.com/bitcoin-powers-sustainable-energy-infrastructure-in-rural-africa/
https://www.forbes.com/sites/abubakarnurkhalil/2023/05/24/africans-are-pioneering-the-bright-yet-complicated-green-future-of-bitcoin-mining/?sh=55320b7154ac
Binance Pay is taking Africa and South Asia by storm
https://www.cryptopolitan.com/binance-pay-takes-africa-south-asia-…
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May 26, 2023
Web3 in Africa: Investing, Innovating, and Bridging the Tech Divide with Mouloukou Sanoh, Co-founder of Cassava Network
In this exciting episode of Bankless Africa, host Miss Purple sits down with guest Mouloukou Sanoh to delve into his fascinating journey as a third culture kid and his experiences living in multiple countries. Mouloukou shares his background, having been born in Guinea and living in the Netherlands, China, Belgium, and Hong Kong. He discusses how his time in China shaped his upbringing and became the foundation for his future endeavors.
The conversation takes an interesting turn as Mouloukou talks about his involvement in the African tech ecosystem. He recounts his first encounter with the African startup scene while working on significant investments such as Lightnet and Pompeii. His visit to Kenya in 2019 sparked his fascination with the innovation happening in Africa, leading him to advocate for greater involvement in the continent's development.
Having gained valuable experience in the investment and entrepreneurship space, Mouloukou established Mansa Capital, his own investment…
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May 20, 2023
Sats & Gwei | IMF, DCMA & the international CBDC | Zimbabwe backs its Digital Tokens with over 200 Kilograms of Gold |African blockchain businesses raised a total of $474 million in 2022 | And more 💯
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
In conjunction with the IMF, the Digital Currency Monetary Authority (DCMA) has Launched an International Central Bank Digital Currency (CBDC)
https://www.prnewswire.com/news-releases/the-digital-currency-monetary-authority-dcma-launches-an-international-central-bank-digital-currency-cbdc-301793163.html
Opinion piece - https://medium.com/yardcouch-com/new-global-reserve-currency-announced-this-week-to-end-cash-9f678e245c2d
The Reserve Bank of Zimbabwe has backed its Digital Tokens with over 200 Kilograms of Gold
https://bitcoinke.io/2023/05/zimbabwe-backs-digital-tokens-with-140-kilograms-of-gold/
Press Statement - https://www.rbz.co.zw/documents/press/2023/April/Press_Statement_-_Issuance_of_Gold-backed_Digital_Tokens_1.pdf
Reserve bank documents - https://www.rbz.co.zw/index.php/publications-notices/notices/press-release
Cardano’s Innovative DeFi Platfor…
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May 13, 2023
Sats & Gwei | Frenchman Jailed and Fined $3.7 Million | Kenya partners with Abu Dhabi’s Venom Foundation | Kenya proposes a crypto and NFT transfer tax | And More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
A Frenchman has been Jailed and Fined $3.7 Million for Buying a Ferrari with Bitcoin in Morocco
https://bitcoinke.io/2023/05/french-jailed-for-using-bitcoin-to-buy-ferrari-in-morocco/
Nigerian Blockchain Company, Zone, Ranks on ‘Africa’s Fastest Growing Companies 2023’ List by Financial Times and Statista
Financial Times ranks zone as Africa’s fastest-growing blockchain company
https://africa.businessinsider.com/local/markets/financial-times-ranks-zone-as-africas-fastest-growing-blockchain-company/d53ykdj
Paxful Resumes Services After Regulatory and Internal Issues Halted Operations
https://www.coindesk.com/business/2023/05/08/paxful-marketplace-back-online-following-temporary-suspension/
4 African Projects Receive $80,000 in Grants from the Bitcoin Development Fund by Human Rights Foundation
https://bitcoinke.io/2023/05/4-african-projects-receive-g…
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Apr 23, 2023
Sats & Gwei | Celo Africa DAO goes live | Coindesk Indices partners with Luno | 3% of blockchain Developers in Africa | Gold x Crime in South Africa!And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
The Celo Africa DAO is officially live
https://bitcoinke.io/2023/04/celo-africa-dao-goes-live/
Web3 Ladies & Celo Hosts “Women build” Celo Hackathon
https://docs.google.com/forms/d/e/1FAIpQLSe1DtFaC9_KXAwp6LeOfhxG2dkAvsl3ih-4iR78ZsO6Dr-rqA/viewform
https://twitter.com/celonigeria/status/1649358674467475458?s=46&t=vcr9J0Sf3IT5yOhlfCHeyw
Blockchain Team Gluwa aims to Collaborates with Nigerian Government on Crypto Regulation
https://u.today/blockchain-team-gluwa-proposes-nigerian-government-collaboration-on-crypto-regulation
Roqqu gains regulatory approval to expand operations in South Africa
https://cointelegraph.com/news/crypto-exchange-roqqu-receives-south-african-approval-to-expand-operations
CoinDesk Indices Partners with Luno to Launch "Luno Large Cap Bundle" for South African Crypto Investors
https://www.coindesk.com/business/2023/04/17/coindesk-…
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Apr 20, 2023
Crypto & Ethical Finance : Creating a Sustainable win-win Relationships with Caiz CEO - Philippe Theunissen
In this episode of Bankless Africa, CEO, and Chief Blockchain Officer at Caizcoin, Philippe Theunissen, discusses Caiz's mission of creating an ethical financial ecosystem that provides users with Islamic-compliant financial products to empower them to create a better financial future. Theunissen explains how blockchain technology can help people interact with each other in a fairer and more equal way, and how it can bring about positive change in society.
The conversation focuses on Islamic finance and its compatibility with capitalism, and Theunissen explains the core principles of Islamic finance. These include prohibiting interest, requiring equity participation, and striving for fair and just transactions. Theunissen argues that capitalism should focus on creating long-term benefits for society, rather than the current short-term profit-maximizing system. Following the principles of Islamic finance can lead to real capitalism and a more beneficial system for everyone.
Theunissen…
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Apr 16, 2023
Sats & Gwei | Zambi x Crypto Regulation | Block partners with Yellow Card | LazerPay folds | Muru’s Drive thru 🤯| And more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
⏭️Zambia to complete cryptocurrency regulation tests by June, 2023
https://www.coindesk.com/policy/2023/04/13/zambia-to-wrap-crypto-regulation-tests-by-june-report/
https://cryptosaurus.tech/zambia-to-regulate-growing-african-adoption-among-crypto/
⏭️Jack Dorsey’s Block in Partnership With the African Crypto Exchange, Yellow Card
https://tinyurl.com/3m8emb2m
⏭️Lazerpay, a Nigerian cryptocurrency payment startup folds up!
https://cointelegraph.com/news/nigerian-crypto-payment-startup-shuts-down-offers-ip-for-sale
⏭️The Web3 economy is set to gain more traction in Africa through DeFi-based financial inclusion
https://cointelegraph.com/news/web3-economy-to-gain-more-traction-in-africa-through-defi-based-financial-inclusion
⏭️Bitcoin gaming enters Africa with local crypto exchange partnership
https://cointelegraph.com/news/bitcoin-gaming…
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Apr 13, 2023
Pivoting to Success - Talking Bitsika with Atsu Davoh
In this episode, we sit down with Atsu Davoh, the founder of Bitsika & Talkroom, Bitsika is a blockchain-powered payment platform based in Africa. Atsu Davoh shares the story of Bitsika, from its early days to its current state as a full-service payments app.
Along the way, He shares the challenges they faced and the pivotal moments that led to the company's success. One of the key takeaways is the importance of pivoting and being flexible as a startup. As He puts it, "The first idea is never the right idea. You need to be able to pivot and evolve as you go."
Listeners will also hear about the unique challenges of operating in Africa's tech scene, and how Bitsika has adapted to meet the needs of its users. From building trust with customers to navigating the regulatory landscape, He shares valuable insights for anyone looking to launch a startup in emerging markets such as Africa.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individu…
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Apr 8, 2023
Sats & Gwei | Nigeria crypto regulation x foreign investment | Paxful Shutdown Leaves Nigerian Crypto Community Uncertain | Is the US trying to ”Assassinate Crypto”? | And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Relevant links
Foreign investment in Nigeria declines due to dollar shortage and lack of crypto regulation
https://cointelegraph.com/news/nigerian-crypto-foreign-investment-is-at-a-record-low-study
Paxful Shutdown Leaves Nigerian Crypto Community Uncertain
https://punchng.com/bitcoin-platform-with-over-one-million-nigerian-users-shuts-down/
https://cointelegraph.com/news/paxful-shutdown-hit-nigeria-harder-than-the-rest-of-the-world-here-s-why
Africa-centred blockchain startups graduate from Ariob incubation program
https://disrupt-africa.com/2023/04/03/ariob-graduates-inaugural-cohort-for-african-blockchain-ecosystem/
DFS Lab and Stellar join forces to launch a new fund
https://bitcoinke.io/2023/03/introducing-the-dfs-lab-stellar-africa-fund-1/
Nigerian Property Tech Start-up House Africa Secures $400,000 in Funding
https://bitcoinke.io/2023/04/house-africa-secures-fund…
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Apr 2, 2023
Sats & Gwei | Bitcoin x Africa Banking System | South Africa explores CBDC Interoperability | Crypto assets and Tokenized deposits Regulations to take effect soon in SA |And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Catch up to the most interesting and relevant crypto updates across Africa this week. Relevant links
https://www.cnbc.com/2023/03/26/bitcoin-is-poised-to-blow-up-africas-86-billion-banking-system.html
https://bitcoinke.io/2023/03/project-khokha-to-explore-dao-principles/
https://cointelegraph.com/news/nigerian-crypto-investors-question-central-bank-s-decision-to-flag-p2p-users
https://news.bitcoin.com/report-regulations-governing-tokenized-deposits-and-crypto-assets-in-south-africa-set-to-effect-in-january-2025/
https://bitcoinke.io/2023/03/e-livestock-global-to-expand-across-africa/
https://weetracker.com/2023/03/28/nestcoin-plots-comeback-after-ftx/
https://cointelegraph.com/news/how-blockchain-can-help-reimagine-a-new-state-in-africa
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that br…
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Mar 26, 2023
Sats & Gwei | Metamask ventures into Africa | Bitcoin & Stables to facilitate Crypto mass adoption | EchoVC launches Blockchain fund | and More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Quick Recap Contour blockchain X Absa facilitates letter credit solutions!⚖️ The Pan African Bank Absa is set to join Contour blockchain network to enable a digitized end-to-end letter of credit solution across Africa. The financial services giant Absa is finalizing plans to join Contour, which is a worldwide network of financial institutions, businesses, and trading partners digitizes letters of credit and other trade financing documents.
Instant local bank transfers enabled in MM📏 Nigerians can now use instant local bank transfers on meta mask with more African countries coming soon. Meta Mask has announced an upcoming feature that will allow Africans, specifically Nigerians to start to carry out instant local bank transfers. This move will also make crypto buying easier by allowing users to purchase directly from within the meta mask environment.
Bitcoin & Stables to…
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Mar 23, 2023
Fireside chat with Cassava Network co-founder and Adaverse Accelerator Investment Manager Mouloukou Sanoh
The Africa Web3 summit was hosted by Web3 Accra in Ghana on the 23rd of February. This was the place for creators, innovators and enthusiasts in Ghana to connect, ideate and question the very reasons we are in the frontier, and what it could all mean for the African continent. There were a myriad of panels held to this effect, addressing topics on web3, crypto and the concept of Network States; we managed to get some of these panels on recording and have been sharing them with you all from last week, after all, our aim is to inform & educate without gatekeeping.
This next session took on a different format, instead of a panel, we had the pleasure of witnessing Bankless Africa contributor Yoofi Annan host a fireside chat with the Cassava Network co-founder and Adaverse Accelerator Investment Manager Mouloukou Sanoh. The chat covered both the Cassava Network and Adaverse, as well as certain dynamics around the industry that necessitate certain innovations in order to provide a sustainab…
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Mar 19, 2023
Sats & Gwei | Blockchain x Nigeria Banking Sector | Cassava Network to Expand Crypto Adoption | Web3 school launches in Africa| Blockchain innovators flocking to Johannesburg | And more
Quick Recap
Blockchain Tech to be used in Nigeria Banking Sector!⚖️
The recently Nigeria elected president has mentioned in a recently released manifesto that he's keen on reviewing the policies of the SEC, as regards digital assets. He plans to allow for the use of cryptocurrencies and blockchain technology in the country's financial industry.
Cassava Network to Expand Crypto Adoption in Africa📏
Cassava network has taken yet another step further in its quest to broaden crypto awareness through a recent partnership with Pan African University. PAU will educate students in web 3 and blockchain or write a textbook on the subject and get them ready for the web 3 workplace.
Web3 school launches in Africa🦥
The Cardano-backed accelerator launches a startup school for Web 3 founders in Africa with a focus on founders within the web 3 space. The aim of the school is to provide builders in the web 3 space with sufficient information, understanding, and guidance to maximize their…
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Mar 17, 2023
Plan A -Web3 x Africa economic self determination with Yoseph Ayele
Strap in as we take you on an interesting conversation featuring Yoseph Ayele.
Yoseph is on a mission to create a borderless world. He invests in Web3 and blockchain innovations building the future economic infrastructures in Africa. He is also bridging global Web3 communities with grassroots ecosystems in Africa.
Previously, Yoseph co-founded and ran the Edmund Hillary Fellowship and the Global Impact Visa - a new immigration program that attracted 500+ of the world’s leading entrepreneurs and investors to New Zealand. This program was ran as a startup, through a public private partnership with the New Zealand Government. He also helped grow Inflection, a technology startup in Silicon Valley.
Yoseph grew up in Ethiopia, Tanzania and Kenya. He studied at Harvard, Cambridge, and Victoria University of Wellington
In this episode, we discuss the intersection of web3 and Africa's economic self-determination, with a focus on the potential for decentralization to address the unique cha…
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Mar 12, 2023
Sats & Gwei | Google searches for ‘Crypto Leverage’ are 2nd highest in Nigeria | Celo Community Approves a Regional DAO in Africa | Silvergate & the USDC debacle | and More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Quick Recap
Nigeria 2nd for the most Search Crypto word !⚖️
A Google analysis of the keyword leveraged trading has listed Nigeria as the second-highest nation worldwide for queries involving cryptocurrency leverage. Singapore is the only other country that exceeded Nigeria on the search index with a score of 100, with Nigeria at 94.
Venom X Iceberg Capital has launched $1 billion Funding📏
Venom, a layer one blockchain serving North Africa and other emerging markets, launches its $1 billion fund for Web 3 startups. In recent months, the African web 3 space has been heralded with news of various blockchain giants launching web 3 startup funds. The alliance formed between Venom Foundation and Iceberg Capital will see a joint investment of $1 billion in a number of web 3 startups.
Self-custody wallet to Broaden Crypto adoption in Africa🦥
The third version of the Africa…
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Mar 8, 2023
Web3 Value System | Africa Web3 Summit Panel 4 with Yofi, Adiam Gafoo, Alexander Aspeirs, Atsu Davoh, Jake Murphy
The Africa Web3 summit was hosted by Web3 Accra in Ghana on the 23rd of February. This was the place for creators, innovators and enthusiasts in Ghana to connect, ideate and question the very reasons we are in the frontier, and what it could all mean for the African continent. There were a myriad of panels held to this effect, addressing topics on web3, crypto and the concept of Network States; we managed to get some of these panels on recording and have been sharing them with you all from last week, after all, our aim is to inform & educate without gatekeeping.
This next panel was titled “Web3 Value Systems”; this panel was also moderated by a Bankless Africa contributor, Yoofi Annan, who picked the panellists brains on on how music, gaming, art and seamless access to funds are not industries to be looked at separately, but rather that they are all interconnected, building blocks of a bankless & verifiable value system. The panellists for this conversation included Artshelp Co-Fo…
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Mar 5, 2023
Sats & Gwei | Blockchain helps Migrants Move funds | Blockchain x Electricity | South Africa Added to FATF ’Grey List | Binance supports more local African currencies | And more💯
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa! Quick Recap
Migrants to Benefit from Blockchain Startup in Zimbabwe !⚖️
Two of Zimbabwe's blockchain startups have launched a service to help migrants. Flex ID and Uhuru Wallet, two startups have launched a platform that provides digital identity and remittance services to immigrants residing in and working in south africa. The aim is that this collaboration will offer a quick and safe remittance process for Zimbabwean immigrants.
Blockchain Solutions to Boost Electricity Generation📏
South African start-up moment seeks to boost electricity generation using blockchain-based solutions. The Sun Cash initiative launched by the South African Startup Movement aims to find a solution to the country's electricity generation challenges.
NFT African collection tackles Health challenges in Women🦥
New fund mints and NFT collection to accelerate Africa's women LED startups tack…
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Mar 1, 2023
Society Onchain Panel discussion at Africa web3 Summit
The Africa Web3 summit was hosted by Web3 Accra in Ghana this past week on the 23rd of February. This was the place for creators, innovators and enthusiasts in Ghana to connect, ideate and question the very reasons we are in the frontier, and what it could all mean for the African continent. There were a myriad of panels held to this effect, addressing topics on web3, crypto and the concept of Network States; we managed to get some of these panels on recording and will share them with you throughout this week.
This first panel was aptly titled the ’Society on Chain’ panel; it was moderated by cointelegraph’s Elisha Owusu, with panellists Damien Duchamp, a web3 enthusiast and university professor in the tourism sector, Ayoola John, the product lead for the coinbase NFT wallet, Bankless Africa's very own ThinkDecade as well as Fatima Tambajang, who attended the summit in her individual capacity but also works with Nvidia Africa. The panellists shared their opinions, discussed some…
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Feb 25, 2023
Sats & Gwei | Vitalik & ethereum visit Africa | Rwanda restricts Crypto transaction | Africa web3 summit | And more💯
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Chipper Cash keeps Crypto Ops Running !⚖️
The Pan African Fintech company Chipper Cash has reportedly laid off over a third of its staff. The company’s vice president wrote in a post on LinkedIn “ It was a sad day for Chipper Cash as many talented people were let go”. This is the second round of layoffs, which brings it to a total of 150 workers.
Vitalik visits Zambia Again📏
The co-founder Ethereum foundation Vitalik Buterin was in Zambia last week to continue the efforts of making Zambia a hub for cryptocurrency. Alongside some of the executives, they met with the Zambian president's special assistant to discuss pathways for boosting crypto development in the country
Fluidcoins fails to raise Cash🦥
Block Phoenix has recently acquired a 100% stake in fluid coins, which is a crypto payment gateway startup. The acquisition was made possible by Dan Holdings Limi…
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Feb 22, 2023
Expanding access to Global Capital - Reshaping the Global Economy with Obinna Okwodu & Jaou Toure from Warbler Labs
This episode features Jaou Toure and Obinna Okwodu from Warbler Labs. Jaou is from Mali and grew up in France. She has worked for the World Bank and IFC investing in Africa across multiple sectors. She currently works as the Senior Business Operations Manager at Warbler Labs. Obinna Okwodu worked at Morgan Stanley in New York and is currently working as a Credit Manager at Warbler Labs.
The emergence of decentralized finance (DeFi) has opened up new possibilities for transforming the global economy and making it more accessible to everyone. With its decentralized and open nature, DeFi has the potential to create a financial system that is fair, transparent, and inclusive.
However, despite the promises of DeFi, the crypto space today is often characterized by speculation and "money games" that obscure the true potential of this technology. In order to truly realize the potential of DeFi, we need to bring the global economy on-chain and build an ecosystem that is open, interoperable, a…
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Feb 18, 2023
Boom, Bust, Buidl | Expectations with thinkDecade & TheDigitalGuy
Welcome to "Boom, Bust, Build," your go-to source for all crypto projects and builders. On this podcast, we dive deep into the world of cryptocurrency projects and builders, exploring the latest developments and trends in the industry.
From the highs of a bull market to the lows of a bear market, the crypto space is constantly evolving. But one thing remains constant: builders are always building. They're creating new technologies, launching innovative projects, and driving change in the industry.
On "Boom, Bust, Build," we'll take you behind the scenes with the builders and projects shaping the future of crypto. We'll hear from industry leaders, developers, and visionaries about their work, their challenges, and their hopes for the future. Join us as we explore the latest developments, trends, and insights in the crypto and blockchain space.
Whether you're a seasoned crypto veteran or a newbie just getting started, "Boom, Bust, Build" has something for everyone. So strap in and get…
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Feb 15, 2023
Web3 Expansion & Localisation with Maya
Our episode today features Maya, Chief Operating Officer of Nestcoin. Maya built one of the first non-cusotidal on/offramping P2P protocols for Africa and is an advocate for localisation & web3 especially for emerging markets. She has delivered workshops and spoken on this topic for the likes of Developer DAO and FinTech Insider by 11:FS. Maya is very active in helping (web3) African startups obtain foreign investment, having done so for the likes of Nestcoin and Afropolitan DAO.
This episode explores Nestcoin ecosystem and how their new on/offramp protocol is providing a solid onramp/offramp infrastructure for emerging markets. Onboard helps users effortlessly move move crypto(currently stables) from their wallets(metamask, trustwallet) to their bank. This gives users more options to buy, sell and send crypto easily.
One of the major adoption hurdles for crypto in emerging markets such as Africa is the lack of infrastructure. While there’s a need for the technology, the lack of in…
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Feb 12, 2023
Sats & Gwei | Instant Crypto Purchase in South Africa | AI x Blockchain | Bitcoin for Freedom | Lagos lands in Top 50 Global Cryptocurrency Hubs | And more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Luna X PayU !⚖️
Crypto purchases are now available for South Africans via debit or credit cards on the luna platform. Luno has partnered with a Netherlands-based payment service provider PayU to allow users to purchase crypto instantly using bank cards
Fastagger Secures Funding📏
Fastagger, a Kenyan AI and blockchain startup, secures investments from CVVC. Swiss blockchain venture capital firm CVVC has invested in the Fastagger making the first time a web3 and AI African startup has received funding from the Swiss Crypto Valley
Pezesha Secures License to Operate in Uganda🦥
Kenyan's digital learning platform has obtained its license to operate in Uganda. Pursesor which is stated as a king in fintech company that provides financial services to medium, small, and micro enterprises, MSME in Kenya has received a license to operate in Uganda. It covers both mobile and dig…
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Feb 5, 2023
Sats & Gwei | Nigeria’s Crypto Community Debunks Claims of 100% Bitcoin Premium | PnP accepts BTC in over 1,500 of it’s stores | NEAR Kenya Hackathon tackles Hunger | And More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Spatial Labs secures $10 million Funding !⚖️
Ghanaian entrepreneur secures 10 million U.S. dollars in venture funding for his US-based firm Spatial Labs. Special Labs, a Los Angeles-based hardware and infrastructure company for web3 has raised $10 million in seed funding led by blockchain capital.
Pick n Pay adopts Bitcoin Payments📏
Retail giant, pick n pay also known as PnP adopts Bitcoin and they will now accept payments in over 1500 stores across South Africa. Well. Pick n Pay is a South African grocery retailer and they're beginning to accept bitcoin payments in all 1628 of their stores as of december 2022 after a 3-month pilot testing phase in 39 of its store locations
AdaVerse Invests in Cross-border Payments🦥
AidiVerse invests in boundless pay to expand cross-border payments using the Cardano blockchain in order to meet its target of investing in 300 African…
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Feb 1, 2023
Canza Finance | Defi Infrastructure for Emerging Markets w/ Victor Teixeira (lead Economist) & Oyedeji Oluwoye(CTO/Co-founder)
This episode features Oyedeji Oluwoye, Co-founder & CTO, and Victor M. Teixeira, Lead Crypto Economist at Canza Finance, They are passionate about creating solutions that positively impact the value of the African market through network engineering, software deveopment, complex DeFi projects, and macroeconomic trends. Canza Finance aims to build the largest web3 non-institutional financial based system.
The episode explorers how Canza is leveraging web3 to build the bridge between DeFi and TradFi with innovative solutions specifically for the African market to provide businesses with the financial services Africans deserve.
They specifically talked about how they are focusing on the unbanked and underserved African population by providing financial solutions and primitives that are required to really help those localized businesses and take them to the next level.
They also stress that they are not only building the frontend tradFi interface to facilitate payments and cross-border t…
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Jan 29, 2023
Sats & Gwei | Bitcoin mining brings more than money to Malawi | South Africa adds new crypto standard to advertising code | Blockchain to rebuild African financial system | and more
Welcome to another episode of Africa’s Crypto Rollup - Sats & Gwei. like we always do weekly, in this episode we bring you the latest and most relevant crypto news and updates across Africa.
Bullish sentiment is gradually returning to the market as we have seen greens across board in the course of the week.
Crypto continues to take center stage in some African countries as the South African Advertising Regulatory Board is adding a clause to its advertising regulatory code specific to cryptocurrency. The aim is to ensure that individuals and organizations publishing cryptocurrency ads follow ethical advertising principles and not provide misleading information to the public. The code requires adverts to clearly state that investments can result in loss of capital and provide well-rounded information about the advertised cryptocurrency token or service.
The African financial system has evolved over the years to include innovative financial instruments and products including loans an…
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Jan 26, 2023
Tether/USDT | Financial Inclusion for all w/ Paolo Ardoino
This episode features Paolo Ardoino, Chief Technology Officer at Tether//USDT. He is passionate about Hardware, networks, financial applications, and cryptography and how Africans are actively contributing their quota in making this a reality. Tether aims to leverage blockchain technology to improve the financial sector
Paolo is a huge advocate of privacy, being in control of your money and wealth. Privacy is a human right that everyone should be entitled to and there should be a clear line to underpin that privacy as a human right.
He also talks about removing the power from tech giants who own data centers and situating them in specific geographic areas and giving way to Peer-to-Peer data transactions which is widely distributed.
He went further to elaborate on the need for Cryptocurrency companies to publicly display their assets and reserves and where they are invested to increase the trust and robustness of the crypto ecosystem.
His vision is to advance the world by providing…
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Jan 22, 2023
Sats & Gwei | Carry1st raises $27million | CAR works on a crypto adoption legal framework | Virunga National Park is mining bitcoin to preserve revenue | And More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Gaming Platform Raised $27 million in funding !⚖️
The mobile game publisher Carry1st raised 27 million U.S. dollars in a funding round led by Bitkraft Ventures, with participation from other four companies with the aim to provide a full stack solution for monetizing and managing mobile games on the African continent
Crypto Adoption Legal Framework in CAR📏
Central African Republic is working on a crypto adoption legal framework. A 15-member team has been put together with the sole intention of working on a legal framework that will allow for the operation of crypto within the Central African Republic. According to President Faustina Wadera, Crypto has the potential to eradicate the country's financial barriers.
National Park Turned into Bitcoin Minning Centre🦥
The Virunga National Park in the Democratic Republic of Congo is using Bitcoin mining to monetize its abund…
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Jan 20, 2023
Kotani Pay | Crypto Infrastructure in Africa w/ Felix Macharia
This episode features Felix Macharia, CEO and Co-founder at Kotani Pay. He is interested and excited about revolutionary technologies including AI, VR, Robotics, and Blockchain, and their impact on Africa. KotaniPay aims to provide Africa's most reliable blockchain off-ramp service through API integration, lower fees, and KYC compliance.
Felix speaks about blockchain technology and its benefits to Africans. Because it's open and permissionless, no need for any permissions to use stable coins or Bitcoin, and because of that it removes the center of power and no one can stop a transaction. Transactions can be made across the globe at any point in time without any unnecessary fees.
He also talks about how it takes a lot of time to understand customers which really accelerates how solutions to problems are solved quickly and because of that there has been lots of growth year on year at KotaniPay
His vision for Africa is to accelerate the adoption of blockchain by everyday Africans from…
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Jan 15, 2023
Sats & Gwei | Nigeria to Create Stablecoins Legal Framework | Old Phones to Receive/Send Bitcoin | New Payment feature launched by Yellow Card | And More 💯
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Bitcoin Lightning Node in Nigeria!⚖️
The Nigeria innovator Megasley has launched the first active Bitcoin Lightning node in the country. The Bitcoin Lightning network has served as a foundational basis for a group of exciting projects that have emerged from the Bitcoin community. The purpose of the Bitcoin lightning node will better position the African continent to benefit from the myriad of layer two payment platforms or networks that are built atop the Bitcoin network with faster transaction speeds
New Payment feature launched by Yellow Card 📏
African currency crypto exchange yellow card has introduced a new payment option called Yellow Pay that enables users to rapidly and cost-free send and receive money using the yellow card crypto exchange platform with only a few taps on their phones.
Nigeria to Create Stablecoins Legal Framework!🦥
Nigeria is set to create…
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Jan 11, 2023
Unstoppable Domains | Own Your Digital Identity w/ Goerge Mosomi
This episode features George Mosomi, Head of Unstoppable Domains Africa. He is passionate about the ability of Africans to take advantage of information technology and own their digital identity. Unstoppable domains aim to make sure that every individual on the African content and Worldwide claims their digital Identity
George talks about how Africans now have the chance to leapfrog technology in terms of using Web3 as a service and having more accountability, having more ownership of data and that's where unstoppable domains come into play.
His vision for the continent is to make sure that in the next couple of years, all users on the continent will have the ability to control their data as they see fit. They will have the ability to give and restrict data about themselves
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The bankless Africa show highlights projects, ecosystems and people making impact and driving crypto adoption across Africa…
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Jan 7, 2023
Sats & Gwei | Morroco & Crypto Laws | Binance adoption uponly | Akon, acoin & the city | + more 💯💯
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Binance is foreseeing Crypto adoption Increase !⚖️
Binance is foreseeing a massive jump in adoption rates across Africa and in sounding off last year, Binance held an end-of-year party in December of 2022 in Lagos, where the CEO said that the organization had experienced massive growth over the course of the past year.
Morocco has now finalized Crypto Laws 📏
Morocco finalizes crypto laws and frameworks with the World Bank and IMF suggestions. The Central Bank says the nation of Morocco has for a while now been on the path of crypto adoption and that it will be introducing a new set of laws that will govern the activities of the cryptocurrency sector.
Akon accelerates plans to build his crypto city!🦥
Despite the problems he has been incurring, celebrity African musician Akon has announced that he would be going forward with plans to build the crypto part city in Sen…
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Jan 1, 2023
Sats & Gwei | Africa rules the P-to-P crypto realm | Crypto is on the radar of Nigerian lawmakers| Sango coin delayed | Web3 Gaming to Africa | + More💯
2023 is here! 🎉
Happy new year🥂🥂
But, it won’t be a great transition if we don’t nourish you with all the interesting crypto news that happened in the last 2 weeks of 2022. So here you go. Enjoy listening😉🤩
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa
Crypto is on the radar of Nigerian lawmakers!⚖️
The Chairman of the House of Representatives Committee on Capital Markets and Institutions in Nigeria has announced that the chamber will soon pass an amendment to the Investments and Securities Act, 2007 Bill, which will allow for the official recognition of crypto and other digital assets by the Securities Exchange Commission (SEC). Previously, the Central Bank of Nigeria had mandated that banks and other financial institutions close all accounts belonging to entities operating crypto exchanges, stating that dealing with crypto and facilitating payments through it was illegal
Africa rules the P-to-P c…
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Dec 18, 2022
Sats & Gwei | Visa to Invest $1B in Africa’s Digital Transformation | AAX Users Storm Crypto Exchange’s Nigerian Offices | Morocco’s UM6P Hosts ‘Metaverse Day’ with Meta | And more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Starting off with Morrocco, The Mohammed VI Polytechnic University (UM6P) in Morocco held an event called the "1337 Metaverse Day" in partnership with Meta to promote the growing metaverse and Web3 technology. The event featured experts from Meta and other leading blockchain, NFT, and VR companies. The Head of Public Policy and Regulatory Affairs at Meta, Hanane Boujemi, stated that this event marks the beginning of a potential partnership between Meta and UM6P students.
In Nigeria, the Central Bank (CBN) has implemented a cashless policy that limits individuals to withdrawing N500,000 ($222) per week and N20,000 ($44) per day at ATMs, with a 5% processing fee for exceeding the limit. Corporates are limited to N3,000,000 ($1,111) with a 10% processing fee for exceeding the limit. This policy will take effect on January 9, 2023. The CBN is encouraging Nigerians to adopt cashless…
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Dec 10, 2022
Sats & Gwei | 6 African Countries banned Crypto | Africa Bitcoin Conference ignites hope| Strike Partners with Bitnob to improve remittance| And more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Cryptocurrency adoption continues to grow in Africa, but some countries have banned its use due to concerns about safety and legality. In many cases, these fears stem from a lack of regulatory policies in the industry. An October 2022 report by the International Monetary Fund (IMF) showed that at least two-thirds of African countries have some form of restriction or policy in place regarding cryptocurrency.
Meanwhile, The Nigerian government is currently reviewing its taxation policies and plans to permit the taxation of cryptocurrency transactions through new provisions in its finance bill. There are currently six countries, including two African countries, that levy taxes on transactions involving digital assets.
The Africa Bitcoin conference recently took place in Ghana, with speakers discussing the potential for Bitcoin to provide a common currency that is free from traditi…
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Dec 7, 2022
Spacevent | Decentralizing events management | Boom, Bust, Build!
The future of events is web3. Meet our Guests for this episode, Israelrex, and Cisco, who are building a native web3 event management platform.
Israel is the co-founder of Spacevent and also a contributor in BanklessDAO and AragonDAO. According to him, these DAO communities boost his Web3 journey. Israel has been particularly curious about web3 since getting to know about Bitcoin. His co-founder and friend, Cisco joined BanklessDAO in May 2022 where he learned a lot about the web3 space.
Spacevent was born out of the need to have a web3 native platform for crypto events. The team wanted to create a platform that freed people from the shackles of having to pay for events with their credit/debit cards and all the pain points that comes with web2 payment systems.
Being African, they are sometimes blocked and limited from using normal banking services such as credit/debit cards to pay for events. Spacevents aims to change this forever, providing a crypto-native platform that empowers ev…
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Dec 3, 2022
Sats & Gwei | Ejara raises $8mil | Mercy Corps and Fonbnk pilot a ‘Learn to Earn’ program | NEAR partners with Afropolitan | and more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
African tech startups continue to push the limits in the African blockchain space, with Ejara completing its most recent $8million funding round to facilitate the building of its service which allows users to buy, sell and trade crypto through non-custodial wallets - meaning users own keys to their wallets!
South Africa is officially regulating cryptocurrency exchanges through the use of fiscal policies that will involve KYC procedures for doxxing these organizations and verifying customer ID documents. Also trending is the recently launched GetPaid platform built by Clickpesa on the stellar blockchain network geared towards improving the earning ability of freelancers, traders and creatives in Africa.
Headlining the crypto learning and earning space in the past week is the Mercy Corps and Fonbnk with combined efforts geared towards promoting web 3 inclusion and exploring earni…
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Nov 30, 2022
FTX Crash | A young African Perspective w/ Omar Farooq
A lot of us have come across the FTX debacle already, those who held positions of leadership in organisations that had relationships with them are now left with the unimaginable, heavy task of informing their teams of the ever evolving situation.
When asked if he will still participate in the crypto space after all this, FarooQ’s response is a passionate yes, reminding us that there is a bigger mission with crypto that cannot be forgotten. The proven potential of blockchain technology goes beyond making copious amounts of money, or at least, it should. A situation such as this should not deter developers, creators and investors from the entire industry, but rather demand of us a different and intentional attitude. “The challenge with the crypto space for Africa is the necessity for a whole mindset shift that needs to occur.” The finer details of the debacle are still unfolding, but one thing remains, the people affected are more than just wallets and numbers, they are people int…
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Nov 26, 2022
Sats & Gwei | Kenya looks to tax crypto transactions | South African Reserve Bank eyes ‘digital rand’| Celo Foundation unveils Web3 Fund for startups in Africa| and more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Crypto never sleeps, it’s been another lively week filled with activities.
Some organizations such as the IMF are trying to leverage the FTX collapse to push for more crypto regulation across Africa. It’s time to regulate - they say! While some are calling for more regulation, other organizations such as South African exchange Luno, says it has not been affected by the collapse of FTX, even as its sister company Genesis Global Capital faces potential liquidity pressures - Luno uses Genesis for its savings wallet.
Kenya delves into taxing crypto transactions - Plans are underway in Kenya to amend the capital markets law, which will see an introduction of a 20% excise tax on every crypto transaction fee, this move is seen widely as a potentially ineffective strategy to reduce foreign borrowing through the expansion of the domestic tax net.
Should the bill be approved by the…
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Nov 23, 2022
Boom | Disrupting Global Commerce w/ Peter Alfred-Adekeye
Access to e-commerce is a basic thing for some, but a sorely needed one for many others.
Peter Alfred-Adekeye created Boom to offer an opening to a world of global trade, reinventing the current markets that small & large businesses have access to. In the creation of Boom, he drew on his knowledge of blockchain technology, particularly with the Pingsta intellectual network.
In the episode, he talks about the evolution of technology, how it has impacted the West, leaving Africa behind to learn what everyone else had already been doing.
Adopting the mindset that allows one to participate in an innovation such as this will take time, but in the same manner that Peter and his team at Boom were willing to spend a decade building and curating what Boom would be about, patience is key to their success.
To learn more about boom, you can visit their website or follow them on Twitter.
You can download the app here: https://apps.apple.com/app/boom-e-commerce-no-banking/id1640059552
What Boo…
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Nov 19, 2022
Sats & Gwei | FTX looses South Africa license | Modus luanches AI x blockchain Fund for sub-sahara Africa | Nestcoin declares FTXs impact on their operations | And more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Besides losing its license as a Financial Services Provider in countries like South Africa, the FTX incident has left a mark on quite a number of crypto businesses. The CEO of Nestcoin announced the erasure of a significant portion of its operating capital with the collapse and for this reason will have to lay off some of its workforce.
Still on the FTX subject, It would appear that FTX may have made an incorrect listing in its holdings which it recently filed bankruptcy for. AZA finance has challenged its inclusion in the FTX chapter 11 bankruptcy filing, terming it an “Erroneous Inclusion”. The CEO of AZA finance is currently taking active steps to correct these erroneous court filings.
Efforts to advance cryptocurrency education as well as advocate for inclusion are still being made by organizations such as LBank and Crypto Bootcamp, with the aim of bringing these concep…
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Nov 13, 2022
Sats & Gwei | FTX collapse hits Africa hard | Investors getting paid in Bitcoin by Sun exchange | Alibaba aims to accelerate crypto adoption Africa | And more!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
In this week’s roll-up, we talk about the worst week of the year, we try to extrapolate on the sheer amount of loss that this has caused for people.
The insolvency of FTX has led to the inability for people to withdraw their rightful funds, with hacks, NFTs for funds and strange flights, the entire situation is shaping up to be the most devastating bearish debacle we have seen in a long time, if ever. Kenyans for example lost over $700m because of this, the 134 firms included in the Alameda bankruptcy filing will also be immensely devastated, a handful of which are African based.
The story is ever developing, and community research is heavily encouraged. As mentioned in the podcast, here are some links you can use for research and/or confirmation purposes:
Official Alameda bankruptcy filing https://www.docdroid.net/F0TqEsL/alameda-chapter-11-db-pdf#page=6 Suspicious txns htt…
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Nov 5, 2022
Sats & Gwei | BTC now accepted in one of South Africa’s largest Supermarkets | Zimbabwe to launch a CBDC | and more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Bitcoin adoption is picking pace in South Africa. The supermarket giant Pick n Pay has announced the rollout of lightning layer2 payment solutions, allowing customers to pay for their purchases using bitcoin.
In the midst of all the glamor and excitement in the crypto space, Mara is again taking the spotlight due to the official launch of the Mara crypto wallet which will bring a whole range of exciting financial services to the 3 million users in its waiting list. This release will help users be more properly intune with the Maraverse.
Speaking of metaverses, we set out sights on MTN, Africa’s largest telecoms provider which has announced the launch of altMTN, its own metaverse, and has also set the stage to host a virtual music concert. This involvement bodes much hope for the future of web3 in entertainment.
ZimbabAccording to a spokesperson from its Reserve Bank, Zimbabw…
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Oct 29, 2022
Sats & Gwei | Win for Crypto Regulation | BTC mining scam hits South Africa | Binance named most innovative Blockchian provider | And More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Crypto practice licensing has taken centre stage with Botswana becoming the first African country to offer Yellow Card a licence to legalize its practice within its borders. This is accompanied by another major win for the crypto ecosystem in South Africa where cryptocurrency has been legally recognized as a financial product. These developments will boost blockchain technology adoption in these countries, with hope set on other African countries to follow suite soon.
Mass crypto education remains the foremost way of creating awareness to onboard Africans into the blockchain space. Binance is again at the forefront of this effort as signalled by its recent collaboration with Utiva to empower youth with tech skills across several African countries.
Gaming in the metaverse is becoming even more popular in the African blockchain space. We're witnessing partnerships and collaborati…
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Oct 26, 2022
Defi Africa | Ghana Crypto & Defi Summit 2022 w/ Sahabia Yakubu
Sahabia Yakubu is the founder and managing director of DeFi Africa Network, and a blockchain advocate, speaker, and writer from Ghana. His involvement in the blockchain industry spans nearly 5 years, with a particular emphasis on education, community building, and advocacy. He was the African ambassador for MakerDAO and organised a number of meetups at Ghanaian universities. His passion for community building and problem solving was the drive behind the creation of the DeFi Africa Network with the intention of onboarding Africans into DeFi space.
Yakubu states the need for selective masterminds with acute knowledge of the African financial space to create a roadmap to onboard Africans into the DeFi space, as well as develop a model for long-term sustainability. A booming DeFi ecosystem in Africa is key to transforming the continent’s ailing financial economy for the better.
DeFI Africa is an organisation with a mission to, amongst other things, establish industry standards for a th…
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Oct 23, 2022
Sats & Gwei | Web3 x World’s Biggest Afrobeats Music Festival, partnerships, boosting adoption and more!!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
After months on end of sudden highs and ebbing lows, the markets seem to have attained some relative stability, with minimal price fluctuations across the board.
Countries around the world are beginning to take the matter of cryptocurrency regulation more seriously. With South Africa taking center-stage in the past week, the country is looking to regulate crypto trading and assets ownership.
Investors remain optimistic on the viability of cryptocurrency on the African continent. Heavy investment continues to flow into African blockchain technology startups, with Pillow Fund securing $18M to improve its service offerings and drive adoption.
Adoption is still on the rise. This is due to the efforts of companies and communities, including Crypto-Smart, CYF and Binance which has recently launched a campaign to educate people on the opportunities that exist with cryptocurrency.
Th…
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Oct 20, 2022
JIA | Banking with Heart 🏦💖💞😻
Jia is on a mission to redefine the perceived definition of financial inclusion through innovative offerings to its customers using blockchain technology.
Zach is a Co-Founder and CEO of Jia, a DeFi provider for a friendlier, fairer, more inclusive financial world. He began his work expanding financial access in emerging markets at McKinsey, where he worked on microfinance programs across East Africa and South Asia, and then at Tala, a fintech lender where he helped scale the business from Kenya to the Philippines, India and Mexico. He pivoted his career into web3 upon finding that it provides more viable solutions to the problem of financial inclusion.
Jia breaks the bounds of being just another credit provider, they consider themselves growth partners to the businesses that they provide these facilities to. By creating service offerings that are more personal to the consumer, Jia is able to build a trust relationship with their customers and help them scale their businesses even qu…
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Oct 16, 2022
Sats & Gwei | Africa crypto Adoption Uponly, despite bear market. Nigeria’s vice president speaks on web3!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
It’s been a lively week. Rwanda got selected for crypto firm Polygon's continental tech boot-camp, Bitmart unveiled South Africa’s first utility-backed NFT and lots more. The Polygon Africa bootcamp program aimed at bringing more than 2000 developers across many African countries will allow developers to innovate by building decentralized applications on the polygon blockchain that can be applied to solve real life problems. WIth top performers standing a chance to win prizes, up to $10,000, it promises to be amazing. Bitmart, on the other hand, will be launching their NFT project in the form of a card game.
Nigeria continues to make headlines. The insane fall in the price of crypto assets and tokens has seen a lot of individuals and countries at large lose faith in crypto, selling off their assets and criticizing the rest of the pack. However, Nigerians still flock to crypt…
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Oct 12, 2022
Carbon Collectible NFTs | Using Web3 to fight Climate Change!
Carbon emissions and their consequential effects on our atmosphere are a major concern for our world today, especially to lower income communities across the world, even though they are often the least contributing to the negative changes.
Mark Lawrence is the founder of Carbon Collectible NFTs, he has a combined total of more than 20 years of program management experience, venture capitalism, centralized finance and insurance from his years of work with Toyota Financial Services. He developed the business model for the Carbon Collectible NFTs (ccNFTs), including the composable NFTs that represent biodiversity impact certificates themselves. He has 3 patents for the ReFi social innovation studio that multiplies, compounds and recycles ESG sponsorship for ccNFTs.
The concern about the effect of carbon emissions on our environments has led to the creation of carbon offset measures as a step to curb the effects in question. Given that a great portion of the vegetation that serves the pu…
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Oct 8, 2022
Sats & Gwei 17 | demand for blockchain devs on the rise, Hackathons, Gaming guilds, Cassava Network !
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa
The markets seem to have attained some relative stability, with minimal price fluctuations across the board over the last couple of weeks.
Africa is experiencing a rapid surge in the number of blockchain developers, with over $100m raised for the expansion of 41 blockchain startups in the past year alone. Widespread acceptance of blockchain technology has come accompanied by organising of several Hackathons, DeFi meetups, and web3 conferences across several African countries, including Ghana and Nigeria.
The Call for inclusion remains on the rise in the African blockchain space. Projects like the newly launched Cowrie token from South Africa which are often targeted at fostering inclusion and for use as a means of social good are still being created.
The Nigerian blockchain community remains bullish on blockchain adoption regardless of many restrictions imposed by the Central B…
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Oct 5, 2022
Trust | A Cultural Shift
Visual media has always played an important role in learning, and its very rapidly finding interesting use applications in the blockchain education space.
In addition to being a visual artist and storyteller, Chief Nyamweya is also the co-founder of Freehand Studios, a Nairobi-based African animation and social impact studio, a company he co-founded with his wife Sarah. Prior to making the ‘odd’ choice to pursue a career as an artist, Chief was initially trained as a lawyer and a chartered accountant, he practised both of those professions simultaneously. He has been an author and co-author of two graphic novels - Art of Unlearning (2019) and this episode’s focus novel, TRUST (2022).
This episode explores the inspiration and ideal behind the graphic novel “Trust”. Chief states that the purpose of the novel is to be a piece targeted specifically at blockchain education, to take people from a level of minimal knowledge about blockchain technology to a point where they are suf…
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Oct 1, 2022
Sats & Gwei 16 | Bootcamps, Adoption, Accelerator programs and Crypto dreams
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The Africa Crypto scene continues to buzz with activities every week. Prices of major currencies have remained relatively stable, with slightly noticeable changes in a few instances across the board. Africans continue to innovate despite harsh operating conditions and the bear.
The President of the central bank of Kenya has declared the call to convert Kenya’s cash reserves to bitcoin preposterous.
The stance of the Central Bank of Kenya as regards cryptocurrencies has remained unchanged. The president, Patrick Njoroge has cited the huge risks involved with trading and buying cryptocurrencies, as well as their volatile nature which makes them unsuitable for use as a cash reserve basis
The NFT marketplace has grown rapidly over the past couple of years, reaching new highs in terms of adoption, trade volumes, and a number of projects. This growth can be credited to the minds o…
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Sep 28, 2022
Bundle | Social Payment for Cash & Crypto 💵💰
Africa needs the emergence of more builders and innovators that can create solutions to solve its pressing problems using blockchain technology.
This episode again features Emmanuel Babalola, a pioneer in Nigeria’s Blockchain Landscape and CEO at Bundle, a social finance platform. He is a builder and innovator in web3 with a passion for creating next-level solutions to solve Africa’s pressing problems.
Bundle is a social payments app that enables users to buy, sell and invest in cryptocurrency. The simplistic design of its interface makes it easy for even first-timers to navigate its features quite easily. Bundle solves the problem of crypto-fiat convertibility and gives users access to the crypto market.
Emmanuel cites that the goal of the Bundle team is to help people find value in using the service by providing top-notch solutions that ensure users have the best experience.He mentions the growing interest of foreign investors in Africa and the need for entrepreneurs in the sp…
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Sep 25, 2022
Sats & Gwei 15 | Acqusition, Integrations, Crypto mining attacks & more in Africa🌍
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The Africa Crypto scene continues to buzz with activities every week. Prices of major currencies have remained relatively stable, with slightly noticeable changes in a few instances across the board. Africans continue to innovate despite harsh operating conditions and the bear. A major win recorded in the past week is the acquisition of the parent company of Africa’s acclaimed first proof of work token, the Safcoin.
More efforts are being directed towards blockchain security, with a resultant effect of a decline in crypto-mining attacks. More innovative strategies such as the collaboration between Fuse blockchain and ChromePay are aimed at placing decentralized finance and web3 technologies in the hands of the ordinary African.
African blockchain startups continue to attract huge slews of foreign investment, notably Yellowcard, from its just concluded series B funding round.…
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Sep 22, 2022
Binance | Binance in Africa
Emmanuel Babalola is a pioneer in Nigeria’s Blockchain Landscape. He is the former Binance Africa Director and CEO at Bundle, a social finance platform. Being a founder and member of the SiBAN advisory board, he remains a core influence in the Nigerian and African blockchain space, and a strong believer in impact innovations that drive prosperity on the African continent
Emmanuel expresses his vision to contribute in setting Africa at the forefront of global innovation using blockchain technology, and by collaborating with relevant stakeholders in the industry to provide resources needed to create impactful solutions that have particular use-cases to Africa. The best way to solve the current problems in the continent is to allow in-dwellers to build solutions for the continent.
The question of how best to put the power of blockchain technology in the hands of the ordinary person is one that must be given utmost attention. He cites the advantage that Africa has based on a large popu…
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Sep 18, 2022
Sats & Gwei 14 | fundraising season, first official Bitcoin event in Africa and more💯⚡
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
It was a long time coming but the Merge finally happened, and it was a huge success. While we continue post Merge celebrations, we dive into some crypto updates across Africa.
Crypto Exchange LBank, targets the African cryptocurrency market with 17 Web3 projects. The exchange aims to facilitate mass adoption of Web3 applications and cryptocurrency investments on the African continent. with multiple growth-oriented projects and initiatives already set up.
Old Mutual, a trusted financial institution in South Africa, gets behind Rand-backed crypto stablecoin. ZARP, which claims to be the only bank-approved, fully backed, transparent, and audited stablecoin for the South African Rand, appointed Old Mutual Wealth to manage the cash reserves of the rand-backed stablecoin. They believe this will further enhance trust and transparency.
Play To Earn (P2E) continues to gain traction gl…
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Sep 14, 2022
SiBAN | Stakeholders in Blockchain Technology Association of Nigeria ⚖️⚖️
Blockchain technology has a large untapped potential in being part of a solution to many of the pain-points plaguing Nigeria and Africa at large.
Legal practitioner Senator Ihenyen, with his special interest in fintech, blockchain technology and virtual assets practice, is the lead partner at Infusion Lawyers and sitting president of the Stakeholders in Blockchain Association of Nigeria. Senator also currently holds administrative positions in several other organisations centred around blockchain.
He expresses where his concern of the African governments around their approaches on the potential risks surrounding the adoption of blockchain technology and cryptocurrency comes from, given the positively disruptive nature of the technology. He lays emphasis on the need to develop working policies aimed more at minimizing risks, and maximizing opportunities.
As an alternative to bans and strict prohibitions on the use of blockchain technologies, Senator cites the engagement of stakeholde…
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Sep 11, 2022
Sats & Gwei 13 | Nigeria and Binance in talks to create a crypto friendly zone in the country!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
This week was so eventful. There was a lot to unpack, but just to give you a few touchpoints, Nigeria and Binance are in talks to create a crypto friendly zone in the country. The Nigeria Export Processing Zones Authority ( NEPZA) is also in talks with Talent City as they look to mirror the Dubai Virtual Free Zone.
Nestcoin raised and successfully completed a pre-seed round for Metaverse Magna. With a focus on emerging markets, the company raised $3.2 million to power Africa’s largest gaming DAO. This will be taking the world of GameFi up a notch, and we can’t wait to see how all this unfolds.
Binance continues to spread its tentacles all around Africa as their charity organization, Binance Charity is in collaboration with Women in Tech to train Moroccan women on blockchain. The exchange also launched a zero-fee South African Rand deposit, a policy that took effect on Septe…
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Sep 7, 2022
Revewz | Review to Earn
This episode's guest is Kode, a software engineer with experience in the financial industry. He became fully involved in the blockchain development space in 2018, starting off with Solana, then finally moving into Ethereum with solidity & Polygon. The idea for Revewz was first presented at a Solana hackathon in 2021.
Revewz is a decentralised write-to-earn platform built on the Polygon blockchain; it leverages ERC20 tokens to authenticate & validate consumer evaluations and product transactions. The goal of the platform is to localise some measure of power into the hands of the customer, thus allowing for well-informed buying decisions to be made.
Through the use of blockchain modelling, reviews on the platform are immutable once created, meaning they cannot be deleted; this eliminates the subtle influence that large organisations tend to have over the publics perception of their products/services in the more centralised systems. The everyday consumer now has full ownership of their…
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Sep 3, 2022
Sats & Gwei 12 | More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria😮
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Nigeria remains a leader in cryptocurrency adoption across African countries, with nearly half of all active users based there. The judiciary of the Central African Republic has moved to ratify initiatives put forward by the executive as regards to adoption of the sango coin by foreign investors, terming them illegal.
Venture capitalists remain optimistic about the prospects for growth in African countries leading the scoreboard in crypto adoption, including Nigeria and Kenya. This relentless adoption of blockchain technology by Africans is causing governments to lift bans, and instead adopt regulatory practices as watchdogs.
The involvement of Binance in blockchain education and awareness programs is not backing down, as they set sights on more target demographics. The involvement of public figures to champion the cause of cryptocurrency is becoming more popular as a means to…
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Aug 31, 2022
Eth Safari | Celebrating the Decentralized Future in Africa
The journey through the ethereum ecosystem in Africa would be incomplete without storytelling to describe the far reaching influence it has had on the development of the African web3 space.
This episode features David Mortech, a builder in web3 since 2016 and Alfred Opon, fanatic for creator economies and fintech. They are both software developers, and core contributors at ETHSafari with an aim to foster cooperation and rapid growth within the African web3 tech community. The goal is to achieve this through collaborative efforts, strategic team-play, impact projects and education.
The stage for the event is set for Kenya and will stretch across regions including Nairobi and Mombasa. Africa has come a long way in its journey through the web3 and decentralised finance space. The EthSafari conference aims to take stakeholders in the space down memory lane, on a journey to describe where it all started and how far it has come.
A series of events including a bootcamp and hackathon have b…
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Aug 28, 2022
Sats & Gwei 11 | first Africa metaverse opens to the world, Blockchain tech provides jobs, solves problems, and More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The blockchain space continues to grow on a daily basis. Crypto education is getting more widespread as various organizations continue to arrange for events, bringing Web3, crypto, DeFi, and NFTs to a larger audience.
Binance, the world’s largest cryptocurrency exchange by transaction volume, announced that they will be allowing both deposits and withdrawals in the South African Rand. This, they hope, will increase accessibility and adoption of crypto within the region. Binance also launched a crypto education hub in Cameroon. The exchange platform continues to expand its reach in Africa.
With the year winding down, we are beginning to see the last string of events held by blockchain organizations. The Africa Money and DeFi Summit is set to take place in September, as well as the Crypto Fest 2022, which will be hosted in Cape Town. Topics surrounding DeFi, NFTs, and crypto ar…
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Aug 25, 2022
Afropolitan | How to Start a New Country
The idea of creating a digitally decentralised network state was non-existent and would have seemed abstract and unachievable without the influence of blockchain technology and web3.
This episode features Eche Emole, founder of Afropolitan,. An alumnus of Flutterwave, Eche is bringing his experience in building and a 10-year wealth of knowledge growing African communities in diaspora to build a network that features the best that Africa and the diaspora offer across art, finance, tech, and media.
Eche shares his vision to establish the world’s first network state through Afropolitan. The vision is to create a country that first exists as virtual communities of Africans, achieve critical mass as a fully functional network state, and then manifest physically in representative geographic locations across the world.
Eche states the fundamental role of blockchain technology and web3 in achieving this goal. The project will leverage web3 principles of decentralisation, ownership of info…
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Aug 20, 2022
Sats & Gwei 10 | Bitcoin Village in Nigeria..! Polygon partners with web3 ladies & More
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The markets seem to be swinging sideways with significant depreciations in the value of major digital assets across-board. Local crypto communities however, remain bullish on the potential blockchain technology holds.
The pace of innovation in the African blockchain space is not slowing down. A solution to effectively tracking ethical commodities has been created via a partnership between Watr and Parity Technologies. This decentralized technology is key to creating a more open internet which can provide transparency and bolster confidence in the quality of traded commodities.
The Central African Republic continues to achieve milestones in its blockchain space, following the successful launch of its national cryptocurrency. Other African countries are not excluded from these advancements, with Binace moving to open a South African bank account as an expression of increased comm…
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Aug 17, 2022
Pillow Fund | Benefit of Crypto Savings for Africa
Decentralized finance has evolved to include the robust range of services that were once native to TradFi.
Arindam Roy is the founder of Pillow Fund, a DeFi platform that makes crypto investment possible for the ordinary person. With a wealth of experience as a crypto investor, community builder and educator, Roy is keen on helping others discover the vast possibilities defi offers to the world of finance.
Pillow is a crypto-powered investment repository that allows users to have a unique experience investing in vetted crypto protocols and earning yields. Through the creation of unique best practices, the fund ensures the security of its users whether the market is in a bull or bear.
The risks with crypto investment, including hacks and scams are eliminated through secure hedging of funds and boycotting high-risk financial practices such as the offering of uncollateralized loans. This ensures the creation of a secure environment for people to safely invest without fear of loss.
The…
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Aug 14, 2022
Sats & Gwei 09 | The most crypto obsessed nation in the world is Nigeria!!
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The uncertainties surrounding crypto still cause some misconceptions all over the world. Africa is not left out as the UN trade body called for the halt of cryptocurrency rise in developing countries. Citing these currencies as financially unstable, the body believes they will cause economic risks.
The CEO of Binance, Changpeng Zhao (CZ), met with the current President of the Central African Republic to discuss crypto adoption and the regulatory framework. CZ seeks to launch a blockchain awareness and education program across Francophone Africa. Also, the Central African States Bank declared its support for the national cryptocurrency nobel initiative.
In other news, Nigeria continues to record high figures in transactions despite their cryptocurrency bans. Between January 2021 and June 2022, Nigerians exchanged N497.35 billion ($1.16 billion) in Bitcoin, demonstrating the grow…
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Aug 12, 2022
DeSciWorld | Science Decentralised & Unabridged - Joshua Bate & Jelani Clarke, PhD
To what extent can blockchain and the decentralisation of scientific processes influence the trajectory of traditional science?
This episode features Joshua Bate, a founder of the DeSci World project, and Dr Jelani Clarke, a core contributor. Joshua’s interest in the sciences comes from an interest in streamlined processes, with DeSci World, he is now seeking to explore new possibilities for making science more people based, giving people like Dr Clarke an opportunity to work with global scientists, while potentially being funded by genuine supporters.
Website: DeSci.World
Twitter: https://twitter.com/DeSciWorld https://twitter.com/JelaniC3 https://twitter.com/jb87ua
They speak on the far reaching influence of science in virtually every aspect of our physical world. The project seeks to correct the structural deficiencies and visible pain points with modern science which are as a result of a purely centralized system, notably, impediments to accessing funding, funding bias, cont…
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Aug 7, 2022
Sats & Gwei 08| Celo Africa web3 fund launches in Kenya, Nigeria’s Naira hits all time low & more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
An attempt to create bad publicity around cryptocurrency to discourage its widespread adoption has been debunked by a South African professor, with mass adoption of blockchain technology continuing to break records all around Africa, despite the bear market.
Cryptocurrency and blockchain technology continue to display unrelenting potential as a force for financial inclusion and accomplishing common social goals, with entrepreneurs in the web3 space using the technology to raise funds for social good projects and bridging the financial gap.
The wave of rising inflation and depreciation of local currencies in Africa has wept over the Nigerian naira, cursing it to plunge to new all-time lows in recent times. The country’s financial regulatory body has blamed speculators for the failure of its initiatives to rescue the naira.
The African blockchain space continues to record wins…
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Jul 31, 2022
Sats & Gwei 07 | Inflation sours in South Africa, more people seek to invest in Crypto, Near blockchain trains devs & more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Blockchain networks are beginning to leverage the rate at which Africans are adopting cryptocurrency. Cardano is one of such, as they aim to onboard Africans by supporting their crypto start ups.
The Central African Development Bank aims to advance monetary integration by creating a common digital currency. On the other hand, the Central African Republic (CAR) launched their Sango coin. But the project got off to a rocky start.
In other news, South Africa's inflation hit 7.4%, the highest in 13 years. This must have heavily swayed the result of a survey conducted that shows that more than half of South Africans would invest in crypto if banks provided a platform for knowledge acquisition.
Nigeria, boasting the second largest market for cryptocurrencies in Africa, prides itself on having the best Bitcoin regulations in Africa. This happens after the Central Bank of Nigeria (CBN…
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Jul 27, 2022
The Royals NFT | Creating an Onchain Royal Family w/ Dr. Hans
Bridging the global inclusion divide in technology and finance has been made even more seamless through blockchain technologies.
Dr. Hans Boateng is the founder and key-person of The Royals NFT & The Investing Tutor. His deep passion to help his local community build generational wealth led him to create the first investment tutoring business in the United States and the first luxury travel NFT to showcase African culture.
The Royals NFT was created out of a recognized need for diversity and inclusion of the underrepresented populations in the global crypto community. His vision is to create a Royal Family on the blockchain that welcomes everyone, host one-of-a-kind experiences across the globe, and bring different cultures together to build a more inclusive metaverse.
The notion that crypto is a scam which gained vague popularity at the onset is now phasing out. Hans speaks of buying and holding assets as a means to creating wealth, pointing out cryptocurrency and NFTs as a means t…
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Jul 23, 2022
Sats & Gwei 06 | CAR to issue 210 million tokens, Nigeria takes the lead in crypto regulation in Africa & more
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Cryptocurrency and Blockchain technologies continue to disrupt traditional financial systems in more innovative ways.
The Central African Republic continues to channel its efforts towards reviving its economy through blockchain technology and will begin issuing tokens of its national cryptocurrency for sale to private investors, with perks added as incentives.
Regulatory bodies in Nigeria including the Central Bank make moves to regulate the country’s digital economy, accepting that it has now come to stay, while also noting the many disruptive changes it has brought to the finance sector.
Advocacy for inclusion of financially excluded regions is on the rise as Binance announces partnership to collaborate with a leading EduTech organization to drive education and adoption in Northern Nigeria.
Ghana is not left out in the cryptocurrency adoption wave, occupying a top spot on…
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Jul 20, 2022
Good Dollar | Making Social Impact with Crypto w/ Anna Stone
An ailment in the global financial system that decentralized finance aims to fix is the growing wealth divide and inequitable distribution of wealth across countries of the world.
This episode features Anna Stone, an accomplished Web3 innovator, growth leader and co-founder of GoodDollar.org, a social-impact protocol, and DAO that delivers a crypto UBI to hundreds of thousands of people around the world and leverages free market incentives to pay for building a more equitable world since 2020.
Disparities in wealth distribution between the extremely wealthy and the poor are a defect in the global social and financial structure. This gap continues to widen, with the problem remaining unsolved. The GoodDollar initiative was launched with the goal to use decentralized finance and blockchain technologies to reach the most financially underserved persons throughout the globe, persons who lack the know-how and infrastructure to tap into the potential of decentralized finance.
There is no…
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Jul 16, 2022
Sats & Gwei 05 | Binance launches zero-fee bitcoin trading, Qala training bitcoin devs for Africa and more.🚀🎊
Bankless Africa Podcast presents your weekly crypto news update from all around Africa!
How massive is cryptocurrency adoption in Africa?
As a result of the combined efforts of stakeholders in the African cryptocurrency space, there continues to be a massive uptake in the number of Africans who are now familiar with these technologies and are aware of the transformative potential they carry.
Harsh regulations are still being slammed on blockchain technology and cryptocurrency trading across many African countries. This has however not caused a halt in growth or adoption. Efforts to educate youths in Africa are still being intensified via umbrella initiatives such as BCAT.
In an effort to encourage entrepreneurs to stay innovative in the space, several cryptocurrency organizations have dedicated to helping entrepreneurs in Africa get ahead on their business niches by leveraging on blockchain technologies, with added incentives to encourage participation.
Bitcoin has maintained its…
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Jul 13, 2022
Ghana Unity DAO | Africa’s Turn w/ Del Titus Bawuah
How has the emergence of DAOs impacted the web3 culture in Africa?
In this episode, Del Titus Bawuah, co-founder of the Ghana Unity DAO speaks about his transition from traditional work environments to being a community builder in the web3 space.
DAOs have played a key role in web3 adoption on the continent. These structures offer an environment that allows members to challenge themselves in a healthy, competitive environment, unbiased by breaking the barriers of effective collaboration such as lack of accountability and motivation.
Titus states the unique position web3 plays in transforming the technological space in Africa and describes the youthful population of Africa as having the potential to harness web3 technologies for transformation. However Africa is behind in technological advancements, web3 has the potential to bring Africa into a sphere of technological prominence in today’s contemporary society.
Titus speaks of DAOs as the future of community building, collaboratio…
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Jul 10, 2022
Sats & Gwei 04 | Celo launches Web3 Fund for Africa, Binance CEO visits West Africa & More...
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
The markets seem to have been hit by a ray of hope over the course of the past week, with major cryptocurrencies in the green zone, while the Fiat currencies have remained relatively stable.
Binance and Celo are at the forefront of implementing strategies that will foster inclusivity in the African blockchain and cryptocurrency space. Through initiatives such as the Binance vision fund and the Celo Africa web3 fund, these organizations aim to bolster crypto involvement amongst individuals and ensure that startups have the resources they need to innovate.
Amidst rising incidences of cryptocurrency scams and ponzi schemes, innovation in the African blockchain space remains on the rise. The launch of the H2ON token, which is aimed at improving water delivery systems using blockchain technology, and the mara wallet, which aims to bridge the crypto involvement gap in Africa are laud…
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Jul 3, 2022
Sats & Gwei 03 | Bitcoin as legal tender in Central Africa Republic is a go!!!🤓🚀🎊
Bankless Africa Podcast presents your weekly crypto news update from all around Africa!
Markets continue in a bear market as prices continue to experience further drops.
Crypto awareness continues to grow in Africa. Morocco aims to regulate the country’s crypto sector with the Central Bank focused on creating a regulatory framework aimed at innovation and consumer protection. The Central Bank of Nigeria in partnership with Africa Fintech Foundry plans to launch the eNaira hackathon on 4th August 2022.
The hackathon aims to boost macroeconomic growth, increase financial inclusion and facilitate the adoption of Nigeria’s e-naira. The hackathon will bring innovators together to develop solutions in areas such as international remittance, trans-boarder payment, blockchain, financial inclusion and trade.
Central African Republic’s president Faustin-Archange Touadéra has announced a launch date for the Sango project, a crypto initiative by the country’s leadership to allow the u…
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Jun 28, 2022
Waya Collective | Financing Africa’s Industrial Revolution with Simon Peters
This episode features Simon Peters, DAO architect and co-founder of Waya Collective. Simon’s vision is to create fair incentive-based networks to replace old, rigid and inefficient systems. He has key experience in crypto startup and impact-driven companies.
Businesses in Africa face a lot of systemic challenges. The traditional financial system in Africa has been structurally disadvantageous to the people of Africa in many different ways. Bad KYC systems, lack of liquidity for businesses leading to huge lending gaps, high interest rates making capital acquisition almost impossible for a lot of people looking to embark on economic activities and a lot more.
Waya Collective aims to solve these issues and more with their novel B2B lending platform. Waya collective is a community based lending platform built on the Cardano blockchain. The platform aims to unleash the economic growth potential of various places in Africa by being a go-to platform for access to capital.
Simon goes dee…
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Jun 22, 2022
FTX | FTX in Africa with Harrison Obiefule
This episode features Harrison Obiefule, Marketing and PR Head at FTX Africa. He is passionate about positioning Africa for accelerated growth and mass adoption of blockchain technology on the African continent. FTX Africa aims to achieve this through education of persons in these developing markets, and providing infrastructure to encourage involvement.
Harrison speaks about transitioning into web3, as well as the regulatory environment for the crypto and blockchain space in Africa. Harrison cites legislations for or against crypto use in many African countries as a major determinant for mass adoption of blockchain technology and its associated products.
The African crypto space needs more users, partners and innovators to thrive. A key to growing a larger community is to change the prior misconception of the ordinary African about crypto through Blockchain education across Africa.
Harrison restates the commitment of FTX Africa to growing the blockchain community, the role of educa…
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Jun 19, 2022
Sats & Gwei 02
BanklessAfrica Podcast presents your weekly crypto news update from all around Africa!
We again observe the market trends over the week, with the crypto markets still in free-fall as a result of the bear. The weekly fiat currency statistics remain fairly stable, with very little decline in most instances.
This week’s rollup highlights the need for increased fraud and security awareness in the financial and blockchain space due to rising instances of fraudulent activity using cryptocurrency as a medium for carrying out these acts.
However, the African crypto space is witnessing steady growth, partly due to the heavy involvement of blockchain giants such as Celo and NEAR. There is an overwhelming increase in the reported statistics of cryptocurrency-related transactions from African countries, which signifies increased mass adoption and community growth.
There is even more optimism about the future of the cryptocurrency space as Moneygram moves to launch an initiative that fosters…
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Jun 12, 2022
Sats & Gwei 01
Bankless Africa Podcast presents your weekly crypto news update from all around Africa!
Keen eyes turn to observe how well some of the major crypto and fiat currencies are doing in their respective markets, comparing figures over the course of the past week.
Ample focus is on crypto and blockchain technology in the African space and how these are currently being harnessed and exploited for the good of the continent and other frontier markets, primarily in Africa and parts of Asia.
Worthy of note is the heavy inflow of funding from venture capital funds all over the world, in recognition of potential for massive growth in the blockchain space in the African continent. Crypto giants like Celo and Binance are becoming more heavily invested in the African space, visibly through funding startups mass education of the African population about what blockchain technology is about and the promise it holds for the future, as well as organizing in-person events to foster the growth of strong c…
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Jun 7, 2022
Audacity Fund | Funding Continental Growth with Erikan Obotetukudo
How accessible is funding from investors to startups in the African tech ecosystem?
Sourcing funding from investors, foreign or local, is one of the most significant hurdles faced by African tech startups in their journey to creating innovative solutions and scaling these solutions to solve identified problems within the African continent on a large scale.
This episode features Erikan Obotetukudo, a techpreneur with a strong passion for bridging the cryptocurrency knowledge gap through mass education, and advocacy for technology accessibility throughout Africa and other frontier markets.
She founded the Audacity fund, a crypto venture fund investing in untapped markets globally. The vision of the fund is to build and invest in blockchain technologies, web3 and metaverse movements worldwide over the course of the next 100 years. She is also the Co-Founder and President of Crypto for Black Economic Empowerment (CBEE) and believes in building a vibrant community with a core focus on fo…
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May 18, 2022
Nestcoin | Democratising Economic Opportunities with Yele Bademosi & David Adeleke
How do people in frontier markets such as Africa benefit from the massive opportunities in the crypto/web3 space?
This is the question in the minds of many Africans who are keen on getting involved in crypto/web3, but are only vaguely informed about what it is and more so, how to get involved.
This episode features Yele Bademosi, co-founder of Nestcoin, a crypto-focused company with core interests in gaming, DeFi, media and digital art, and David Adeleke, communications lead at Nestcoin and seasoned expert as a writer and editor with an impressive CV, having worked with giants such as Tech Cabal and Business Insider. Yele also co-founded Bundle, a social payments technology company, and Microtraction, an early-stage VC firm with portfolio firms in six African countries.
Nestcoin builds products targeted at making viable economic opportunities more accessible to the ordinary person, with a core philosophy focused on re-inventing the financial system by building products that the ever…
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May 10, 2022
Celo | Defi For The People with Nikhil Raghuveera
What is Defi? Why is it important for Africa? How do we onboard people to Defi? We explore this and many more from the perspective of someone at the forefront of this innovation in today’s episode.
Experienced in Management consulting from Boston Consulting Group, currently, a key member of Celo ecosystem growth initiatives & champion of the “Defi for the People” project, Nikhil Raghuveera provides a generalized overview of Defi, use cases, challenges in building defi applications. He touches on how Defi can potentially disrupt traditional finance and become successful by enhancing greater financial inclusion, lowering transaction costs, making finance truly accessible to everyone, and getting everyday banking uses cases right with Defi.
He touches on some Defi applications in the Celo ecosystem helping to bring these innovations to the people that really need them in Africa and other parts of the world.
Can regulation and geo-politics hamper the growth of Defi? Listen to get…
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