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Podcast E08 [EN] - Yoseph Ayele: Crypto Is Transforming Africa's Financial Landscape

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Recently, @circle published a report revealing that cryptocurrency has made significant inroads into key African markets


Today we invite @yosephayele from @borderlessaf, to give us a quick overview of how #Web3 needs Africa to reach its full potential! 🌍


Key Takeaways: 🌍

  • Africa is a continent consisting of 54 countries, with a population of 1.4 billion people, which is comparable to the size of China.
  • Approximately 57% of Africans do not have access to a bank account, but 590 million Africans have internet access, with a year-over-year growth rate of 6%.
  • The growth of crypto in Africa is not following a linear path; instead, it is experiencing exponential growth ⏫.
  • Blockchain technology can help address various challenges, including payment delays, high fees, and network incompatibilities. 💡
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