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Web3 economy to gain more traction in Africa through DeFi-based financial inclusion

Web3 economy to gain more traction in Africa through DeFi-based financial inclusion

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DeFi-based financial inclusion serves to increase liquidity and earning opportunities for African micro-entrepreneurs through Fonbnk’s partnership with Tanda.

Fonbnk, a Web3 on-ramp that allows Africans to obtain cryptocurrency assets by exchanging their airtime credits, has partnered with Tanda, a merchant network platform in East Africa, to launch an airtime trading marketplace. This partnership will increase liquidity in the marketplace through the buying and selling of prepaid airtime for profit and create more earning opportunities for African micro-entrepreneurs. This, in turn, will enable more African users to participate in the Web3 economy by using only their airtime credits. Fonbnk plans to expand earning opportunities for African micro-entrepreneurs and bring decentralized finance-based financial inclusion to the masses across Africa.


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