In episode 97, we’re excited to welcome Victor Teixeira, Lead Crypto Economist from Canza Finance, “an Open Finance Portal enabling access to unlimited financial services for emerging markets.” We discuss how Web3 and DeFi can bridge the gap to financial services for small businesses in emerging economies, some of the barriers to financial inclusion for the unbanked and financially underserved, why Africa is at the frontier of the Decentralized Finance movement, and much more.

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--Three Key Takeaways--

• While the focus in DeFi is often on the 1 billion unbanked people around the world, there is also a need to support those who are financially underserved, including small and medium-sized business in emerging economies who lack access to financial services like credit, hedging opportunities, investment opportunities, etc.
• The continent of Africa has the world’s largest population of young, digital-native entrepreneurs, while also facing substantial challenges around financial inclusion. This presents an incredible opportunity for the growth of Web3 technology and DeFi in Africa.
• Web3 and DeFi gives the individual opportunities to build new financial tools that simply wasn’t possible before by shifting power from centralized institutions to the community.

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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.

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