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GEN C: Nigeria's Crypto Revolution: Beyond the Currency Crisis

CoinDesk Podcast Network

CoinDesk

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4.8689 Ratings

🗓️ 23 October 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

Live from Stellar Meridian, host Sam Ewen discusses with guests how Nigeria's currency crisis is spurring innovation in blockchain technology.

In this special episode of Gen C, Gwera Kiwana, VP of blockchain at Onafriq, joins Nestcoin CEO Yele Bademosi at CoinDesk Live at Stellar Meridian to discuss the currency crisis in Africa and how crypto can provide a solution for payments in the region.

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"Gen C" features hosts Sam Ewen and Avery Akkineni. Executive produced by by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

What is sort of like big fintech not getting about the power of entrepreneurship and creativity

0:07.1

and just the need that people have on the ground?

0:10.6

And why is this such a big opportunity?

0:13.5

So, yeah, there's a huge opportunity to serve the African region and the global majority in general as well

0:19.5

because this really is the only

0:21.0

growth market in the world. What was big tech not getting was big finance not getting. It's

0:27.5

not understanding that copy paste doesn't work. You cannot take what works in a global minority

0:34.2

region and paste it into the global majority.

0:43.5

Hey, this is Sam.

0:52.1

Today's episode is a special one that was recorded last week in London. We were fortunate enough to be invited by the Stellar Development Foundation,

0:59.1

which is, Stellar is a blockchain that really is focused on the payments ecosystem

1:04.4

around the global majority and folks who don't have sophisticated payment rails. And we were there interviewing

1:14.4

and talking to a lot of great founders and creators and entrepreneurs. And this conversation

1:22.5

has stuck with me since we had it last week. It is with Yale B Bademosi. He is the CEO and the co-founder of Nestcoin,

1:32.3

which is a Web 3 development and investment firm based in Nigeria. And also on it is

1:40.3

Huera Kiana. Guerra is the vice president of Africa's largest digital payments gateway, which is called

1:47.5

Onafrique.

1:49.5

And my co-host for this is Christine Lee, who's one of our lead anchors here at Coin Desk.

1:56.2

And we had just had watched a conversation with Idris Elba and a bunch of folks from the African region on the creator side who were really just talking about how both difficult it is to be a creator in the African region, but also what an opportunity it is to be able to bring access

2:21.1

and tooling to this group. And so this conversation with Yale and Guerra just really struck me

2:29.7

as an important one for us to bring to everyone on Gen C for two reasons.

2:36.0

One is we spend a lot of time on the show and in general focusing on the

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