Africa is the future of DeFi, argues Cardanoâs Charles Hoskinson
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world's second-most populous continent
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In one of his frequent Youtube missives to his following, CEO of IOHK â the developers behind the Cardano Blockchain â Charles Hoskinson revealed that the companyâs long-term developmental focus will hinge on Africa, going so far as to say the worldâs second-most populous continent might be the future for decentralized finance (DeFi) development.Â
ââWhen we ask ourselves, âwho will be the consumers of DeFi who will be in need of identity systems and payment systems and new ways of representing equitiesâ â will it be the ossified, highly regulated markets of the western world, which are invitation-only [â¦] or will it be the agile and nimble countries of Africa, Southeast Asia, who have no incumbencies and are desperately to compete and thus are open and friendly to retooling and ideas?â