Africa and Global South Dey Lead Crypto and Web3 Innovation, Dem Demand Inclusive Blockchain Adoption
Africa and di Global South dem dey come strong for crypto and Web3 teknologi adoption and innovation. StarkWare CEO Eli Ben-Sasson and Web3 builder Asaf Nadler talk how dis region get unique wahala and how e fit drive crypto mainstream adoption. African people dey depend more on digital assets, especially stablecoins like USDT to fight currency devaluation, high cross-border charges, plus financial exclusion, with mobile phone use pass 80%. Naija dey second for di world for crypto adoption, with 46% of people hold crypto and transaction volume reach $59 billion from July 2023 reach June 2024. Dis growth dey supported by local blockchain projects like AZA Finance and WiPay, big increase for DeFi use (over 60% users), and Africa get 8.5% share of global blockchain developers. Di article clear bad stereotype, ask industry to focus on mobile-first, local relevant solutions and recognize Global South as both user and innovator. Even though regulatory talks for developed market dey important, future crypto growth and global blockchain adoption go depend on inclusive ways to tackle real world challenges for Global South.
Bullish
De crypto and DeFi adoption dey grow for Africa and Global South, e show say more people dey use am and on-chain activities dey increase, especially for stablecoins like USDT. Dis kain demand go fit reason make market for crypto assets grow for short and long term because e prove say crypto get real-world use and e fit survive local economic wahala. Di move to mobile-first, inclusive financial services dey put di region as one innovation center and source of ongoing demand, wey fit boost trading volumes, developer involvement, and di attractiveness of crypto projects wey dey target these markets.