Hashing It Out: What occurs when crypto meets fintech in Africa?

Forward of the Africa Cash and DeFi Summit, Hashing It Out host Elisha Owusu Akyaw (GhCryptoGuy) spoke with Andrew Fassnidge, founding father of Africa Tech Summit, and Enoch Antwi, CEO of Dnar — a finance software that has determined to rebuild and reenter the Ghanaian market this quarter. The dialog lined the intersection between cryptocurrency developments on the African continent and the monetary know-how sector. Fassnidge shared his expertise from the angle of an investor and convention organizer who has seen the genesis of a number of unicorns on the content material, and Antwi provided his ideas from the angle of a founder in each sectors.

Fassnidge opened the podcast with an evidence of the state of fintech in Africa, explaining that regardless of the expansion of monetary know-how purposes on the continent, the rise of failed startups that raised big capital has solid a darkish shadow over the ecosystem. The shortage of sustainability of improvements within the area has harmed investor confidence and made the plenty cautious of utilizing native monetary purposes. Moreover, the state of native currencies has created an urge for food for storing wealth in foreign exchange. This development is making decentralized finance and stablecoins fashionable in African markets.

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