The African continent is a promising market for crypto adoption due to its young population, economic mismanagement by governments, and inadequate financial infrastructure. On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw was joined by Christian Duffus, founder of Fonbnk, to discuss the complexity of onboarding users from the continent. Duffus shared his ideas for diverse and innovative ways to onboard new crypto users in developing markets, as well as explained how other factors like education and regulation affect the Web3 onboarding process in Africa. He started Fonbnk to provide a suite of on-ramps and off-ramps for people looking to enter the Web3 industry from developing countries. His fascination with digital payments is linked to the growth of mobile money on the African continent. Apps like Fonbnk allow users to convert airtime — digital credits for making calls and accessing the internet — into cryptocurrencies like USD Coin USDC. On regulation and the future of Africa’s cryptocurrency ecosystem, the Fonbnk founder believes favorable regulations will come but may take a while and that more decentralized applications native to the continent will be shipped in the coming months. Listen to the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts or TuneIn. You can also explore Cointelegraph’s complete catalog of informative podcasts on the Cointelegraph Podcasts page.

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Information	Details
Geography	Africa
Countries
Sentiment	neutral
Relevance Score	8
People	Christian Duffus, Elisha Owusu Akyaw
Companies	Apple Podcasts, Cointelegraph, Google Podcasts, TuneIn, USD Coin USDC, Fonbnk, Spotify
Currencies	Ethereum, Bitcoin, US Dollar
Securities	None