Episode 164: Cryptocurrencies - "The Good, the Bad, and the Ugly"

Cryptocurrency has become a buzzword in the financial world, with the potential to revolutionize the way we transact. In this article, hosted by Roberto Capodieci , we delve into the evolution of cryptocurrencies and their interaction with society, analyzing the good, the bad, and the ugly of this decentralized system.

?

We were joined by three exceptional guests, Gwera Kiwana , Alexandru Stefan G. , and Lorenzo Sicilia , who gave us insights into the world of cryptocurrency.

?

At its core, cryptocurrency is a representation of assets in the digital world, backed by the market power that they possess, and used as a means of exchange. One of the most significant advantages of this system is the democratization of access to financial markets, which could be extremely useful in countries where it's challenging to access financial services. Nigeria and Kenya are examples of such countries, and here as our guests said, is where stable coins could play a vital role in enhancing financial inclusion and could provide a killer use case for crypto adoption in Africa.

?

Indeed, Africa is becoming the hub for crypto and communities, exchange platform and other fintech companies will be crucial in building on top of these stable coins. Indeed, we talked about how, with the right approach, stable coins could enhance financial inclusion in countries where it's challenging to access financial services while of course, taking into consideration the usability, security and trust problems of cryptocurrencies.

?

To conclude, we discussed the importance of involving traditional banking systems into the ultimate goal of driving people into this new world which is very often only valued as a speculation asset instead of for its real use cases. Listen up to our podcast to obtain our guests final sentences and insightful piece of advice for you listeners!

Article by Andrea De Caro