#25: Crypto trading exchanges (African WealthTech Pt 3) - How cryptocurrency platforms are providing decentralized financial services across Africa

Afrobility: Africa Tech and Business

Innehåll tillhandahållet av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

4y ago 1:30:00

MP3•Episod hem

Overview: Today we’re going to discuss cryptocurrency trading in Africa. We start with the global context of cryptocurrency, review crypto trading exchanges in Africa & end with our overall outlook. This episode was recorded on Mar 21, 2021.

Companies discussed: Coinbase, BitPesa, Xend, BuyCoins, eToro, Luno, Paxful, Quidax & Coinmama

Business concepts discussed: Asset allocation strategy, decentralized networks, cryptocurrency innovation, Fintech customer acquisition strategy, investment regulation & open-source decentralization

Conversation highlights:

(01:30) - Why we’re talking about Cryptocurrency in Africa
(03:20) - Background and context: Cryptocurrency, Bitcoin and Altcoins
(12:20) - Potential downsides of cryptocurrencies; Stablecoins background
(22:40) - Rise of cryptocurrency in Africa
(28:52) - Use cases for cryptocurrency in Africa
(36:15) - Africa’s regulatory environment for cryptocurrency
(40:30) - Crypto startups in West Africa
(49:36) - Crypto startups in Southern Africa
(55:20) - Crypto startups in East Africa
(59:59) - Crypto startups in North Africa
(1:07:44) - Bankole's overall outlook
(1:18:03) - Olumide’s overall outlook
(1:27:50) - Recommendations and small wins

Olumide’s recommendations, small wins & open questions:

Recommendation: Sam Altman's Stanford course: "How to Start a Startup": 20 videos about startup life from 2014. Fabulous.
Small win: Getting into the routine of chatting with friends on video call weekends. A lot of fun
Other content: ARK Invest Bitcoin white paper Part 2 (from 2020-Sep) & Stablecoins explanation (by 99Bitcoins)
Open question: How should African govt regulate cryptocurrency trading?

Bankole’s recommendations, small wins & open questions:

Recommendations: Why Ghana will no longer sell cocoa to Switzerland - Face2Face Africa & Okay by Adekunle Gold - YouTube
Small win: Chelsea FC - unbeaten in 14, only conceded 2 goals.
Other content: Why Crypto is coming out of the shadows - Morgan Stanley & Africa crypto landscape - StartupList Africa
Open question: How can cryptocurrency drive financial inclusion?

We’d love to hear from you. Please email info@afrobility.com to share feedback or propose topics you’d like to hear.

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