Sovereign Frontier

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Quick Recap

Instant local bank transfers enabled in MM📏

Bitcoin & Stables to facilitate Crypto mass adoption - Experts🦥

EchoVC launches Blockchain fund!

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.

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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 sustainable building block for African creators. It is indeed a great time to be alive, there is so much innovation to be had, and so many capable builders.

The Bankless Africa show highlights projects, ecosystems, and people making an impact 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 advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

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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 efforts while navigating the African market with a global emphasis. 

 Blockchain innovators are flocking to Johannesburg!

 Since the entry of cryptocurrency into the African continent, countries like South Africa, Kenya, Nigeria, and Ghana have seen massive cryptocurrency adoption rates. Citizens across Africa continue to leverage the infrastructure blockchain technology provides in providing efficient payment pathways and means for people to grow their digital assets through yields on investment.

https://cointelegraph.com/news/nigerian-president-elect-aims-to-use-blockchain-technology-in-the-banking-sector 

https://techpoint.africa/2023/03/11/adaverse-startup-school-launch/  

https://www.africa.com/blockchain-innovators-flock-to-joburg/   

https://bitcoinke.io/2023/03/namibia-hit-scams-in-2022-chainalysis/

https://bitcoinke.io/2023/03/introducing-kamusi-dao-project/  

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 advice. Only the opinions of the individuals that make this show possible. 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

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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 challenges and opportunities facing the continent.

Yoseph Ayele led a month-long learning trip to Kenya, Ethiopia, Ghana, and Zambia with a group of prominent figures in the web3 space, including Vitalik Buterin, Aya Miyagotchi, and others.

Throughout their travels, they participated in a wide range of events, meetings, and roundtables, connecting with hundreds of founders, developers, artists, students, DAOists, and community builders. They found that while it is still early days for crypto and web3 adoption in Africa, the pain points that these technologies can solve are immense.

Three key areas where decentralization can make a significant impact include:

Trust intermediaries: In areas where trust intermediaries are weak or non-existent, transaction costs skyrocket.

Simple finance: Communities in Africa are building the basic financial rails for local economies to thrive, including saving, lending, borrowing, insurance, payments, billing, and more. Simple DeFi is better than complex DeFi, as it allows for financial inclusion and addresses major gaps in the current system.

Access to credit: Access to credit for retail and small businesses is an immense gap in Africa, with lenders charging exorbitant interest rates. More attention needs to be paid to this issue, and more brains need to work on it.

In addition to these areas, there are many other projects underway that seek to leverage the unique strengths and challenges of the African context, including the expression of African culture and creativity with NFTs, building incentives for reforestation and climate action, and even the creation of a new digital nation-state.

For Africans to build a borderless economy on-chain, decentralization needs to be affordable and scalable. The Ethereum mainnet has been largely inaccessible, but layer 2s have the potential to change that. However, the Ethereum community has been largely absent in Africa, with antiquated visa requirements preventing Africans from attending global events. To build strong foundations for web3 in Africa, we need more global events on the continent and more investment in local talent and education.

Ultimately, it is Africans who will build the decentralized applications for the 1.4 billion population, and the problems they solve and the variables they optimize for differ greatly from those in the West and Asia. A lot of bottom-up building is happening across Africa, and decentralization offers a real value proposition. We salute all the African builders, educators, community and events organizers, translators, and those educating policymakers who are building the paths for others to walk on.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

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https://twitter.com/yosephayele 

https://ethereum.org/en/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

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 African Web 3 platform, Cassava Network, which focuses on non-fungible tokens, gaming, and loyalty rewards has just been released. This version integrates with the Noncustodial smart contract wallet UNIPASS, which enables users to use e-mail addresses rather than seed phrases.

Six million African Women onboarded into Crypto!

unstoppable women of Web 3 lead an initiative to provide Web 3 metaverse education for six million African women in commemoration of International Women's Day on the 8th of March 2023. The unstoppable Women of Web 3 diversity and Education Group on a mission to level the playing field in web 3, very recently announced its commitment to providing web 3 and metaverse education to 6 million women in Africa over the next five years.

https://news.bitcoin.com/nigerian-crypto-leverage-searches-second-highest-globally-africa-domi

Nates-searches-for-leveraged-trading-products  

https://bitcoinke.io/2023/03/venom-ventures-launches-fund-for-web3-startups/ 

https://bitcoinke.io/2023/03/introducing-the-celo-africa-dao/ 

https://web3africa.news/2023/03/02/news/ftx-in-africa-a-new-initiative-to-recover-former-glory/  

https://cointelegraph.com/news/web3-platform-partners-with-self-custody-wallet-to-broaden-crypto-adoption-in-africa  

https://www.thisdaylive.com/index.php/2023/03/08/unstoppable-women-of-web3-leads-initiative-to-provide-web3-metaverse-education-for-6-million-african-women/  

https://www.africa.com/metaverse-helps-bring-water-to-africa/  

https://circle.com/blog/an-update-on-usdc-and-silicon-valley-bank 

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 advice. Only the opinions of the individuals that make this show possible. 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

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

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-Founder & Chief Operating Officer Adiam Gafoo, Clokkemaker & Matter Labs (formerly Ape in Records) Co-founder Jake Murphy, Bitsika founder Atsu Davoh and the Head of Communications at Zilliqa Alexander Aspeirs. Alex was also an integral part of the summit’s second day program, the eSports day, which saw young African gamers being introduced to Zilliqa’s ecosystem and competed in various fun tournaments.

The Bankless Africa show highlights projects, ecosystems, and people making an impact 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 advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

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 tackling health challenges. The NFT Africa collection, which includes distinctive digital artworks, will help win fund in part by fostering a community of innovators. Investors and supporters to support the next generation of African women confronting some of the greatest health challenges on the continent.

New African Currencies supported by Binance!

Binance announces support for new African currencies without third parties. Binance remains on its mission to give voice to the local currencies of many countries across Africa. The global cryptocurrency exchange giant has announced through a recent announcement that more African currencies are now supported on its P2P marketplace.

https://news.bitcoin.com/zimbabwean-blockchain-startups-launch-service-to-help-migrants-efficiently-move-funds-across-borders/  

https://news.bitcoin.com/report-south-african-startup-momint-seeks-to-boost-electricity-generation-using-blockchain-based-solution/  

https://news.bitcoin.com/south-africa-added-to-fatf-grey-list-despite-designation-of-crypto-as-a-financial-product/ 

https://www.businesswire.com/news/home/20230227005314/en/WiNFUND-New-Fund-Mints-NFT-Collection-to-Accelerate-Africas-Women-Led-Start-Ups-Tackling-Health-Challenges 

https://bitcoinmagazine.com/business/binance-announces-support-for-new-african-currencies

https://bitcoinke.io/2023/02/human-rights-foundation-grants-qala-fellowship-program/  

https://guardian.ng/technology/nigerian-environment-perfect-for-web3-blockchain-technology-to-thrive/ 

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 advice. Only the opinions of the individuals that make this show possible. 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

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

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 ideas and hopefully spark an intentional curiosity in many of us who listen.

The Bankless Africa show highlights projects, ecosystems, and people making an impact 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 advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

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 Limited, the parent organization of Block Phoenix, and a web3 network and venture fund. The 

Crypto transactions Restricted in Rwanda!

The Government of Rwanda has asked banks to stop handling transactions in cryptocurrency. The government in recent weeks ordered all licensed banks operating within its jurisdiction to stop processing all forms of cryptocurrency transactions

https://www.pymnts.com/personnel/2023/chipper-cash-cuts-staff-keeps-crypto-operations/ 

https://zycrypto.com/ethereums-vitalik-buterin-makes-second-trip-to-zambia-sparking-hope-for-immense-crypto-adoption/ 

https://cryptonews.com/news/zambia-experiments-with-technology-regulate-cryptocurrency-heres-what-you-need-know.htm 

https://www.aljazeera.com/news/liveblog/2023/2/25/nigeria-elections-live-news-nation-poised-for-presidential-vote

https://twitter.com/BitcoinKE/status/1629344023608475649

https://www.npr.org/2023/02/23/1159118808/nigerians-are-furious-as-the-country-switches-currencies-creating-a-cash-shortag 

https://www.bloomberg.com/news/articles/2023-02-21/nigeria-seeks-new-tech-partners-to-revamp-enaira-central-bank-digital-currency 

http://web3accra.com/

https://news.bitcoin.com/income-movement-rightfulshare-says-it-has-launched-first-unconditional-crypto-ubi-in-south-africa/ 

https://techcabal.com/2023/02/16/fluidcoin-sold-to-blockfinex/ 

https://innovation-village.com/rwandan-government-has-asked-banks-to-stop-processing-crytocurrency-transactions/ 

https://bitcoinke.io/2023/02/fonbnk-launches-monetization-feature/ 

https://www.thehypemagazine.com/2023/02/africas-first-web3-film-small-town-burnouts-launches-crowdfunding/ 

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 advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://tinyurl.com/3v36579b

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

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, and accessible to everyone.

In this episode, we delve into the workings of Goldfinch and the benefits of using decentralized credit platforms in emerging markets. We discuss how Goldfinch is leveraging the power of blockchain technology to build a transparent and secure platform that enables lenders to provide credit to borrowers without intermediaries or traditional financial institutions.

We also explore the challenges of building a decentralized credit platform, such as managing risk, maintaining privacy, and dealing with regulatory frameworks. We hear from the Jaou and Obinna about how they are navigating these challenges and working to help build a platform that is both compliant with local regulations and accessible to everyone.

Throughout the episode, we touch on the potential of Goldfinch to drive financial inclusion and provide credit to those who have been historically underserved by traditional financial institutions. We discuss the benefits of using decentralized credit platforms, such as lower fees, faster access to credit, and increased transparency, and how these benefits can help to unlock the economic potential of emerging markets.

Overall, this episode of the Bankless Africa podcast provides a fascinating insight into the world of Goldfinch and the potential of decentralized credit platforms to drive financial inclusion and empower communities in Africa 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 impact 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 advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter            https://tinyurl.com/2a4p38wv 

Follow us on instagram    https://tinyurl.com/ykk9yc67 

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Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

https://goldfinch.finance/ 

https://www.warblerlabs.com/