[Promoted] VALR: why Africa needs crypto - and crypto needs Africa
“We’re doing our best to usher in a new financial system that will meet the needs of the people, not the needs of a few financial institutions and a few individuals who are benefiting from the current system,” Ehsani told the audience.
Utility needs to be driven by looking at what is actually needed, rather than adapting solutions from other markets to an African context.“Crypto is not a theoretical concept in Africa,” pointed out Ayele, who is from Ethiopia and grew up in Kenya, Tanzania and Nigeria.In February, Ayele led a trip to Ethiopia, Kenya, Ghana and Zambia with Vitalik Buterin and other Ethereum community members to connect with grassroots community members and builders.
Reflecting on his own history, he added that he took a lot of responsibility for the lack of understanding of crypto. Echoing Bademosi’s comments about a lack of understanding presenting a barrier to the growth of the blockchain ecosystem, Ayele argued,
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