Sats & Gwei 08| Celo Africa web3 fund launches in Kenya, Nigeria’s Naira hits all time low & more

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

An attempt to create bad publicity around cryptocurrency to discourage its widespread adoption  has been debunked by a South African professor, with mass adoption of blockchain technology continuing to break records all around Africa, despite the bear market.

Cryptocurrency and blockchain technology continue to display unrelenting potential as a force for financial inclusion and accomplishing common social goals, with entrepreneurs in the web3 space using the technology to raise funds for social good projects and bridging the financial gap. 

The wave of rising inflation and depreciation of local currencies in Africa has wept over the Nigerian naira, cursing it to plunge to new all-time lows in recent times. The country’s financial regulatory body has blamed speculators for the failure of its initiatives to rescue the naira. 

The African blockchain space continues to record wins, including the launch of the Celo Africa Web3 fund in Kenya and the very recent triumph of a group of first year students in a blockchain hackathon organized by a swiss blockchain firm in South Africa. 

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

 

Sats & Gwei is a BanklessAfrica 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
Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica

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

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