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Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains

Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains

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#crypto
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#blockchain
The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity.

Christian Duffus, the founder of Fonbnk, discusses the challenges and opportunities of onboarding cryptocurrency users in Africa on Episode 28 of Hashing It Out. Duffus emphasizes the importance of addressing issues like inadequate telecommunications infrastructure and a significant unbanked population when introducing cryptocurrencies in Africa. He explains that Fonbnk focuses on cash-first economies and allows users to convert digital credits, like airtime, into cryptocurrencies. Duffus believes that favorable regulations for cryptocurrencies in Africa will come eventually, and there will be more decentralized applications tailored to the continent's unique market behaviors.


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