Jul 13, 2022
"It's faster to drive money from Nigeria to Ghana than it is to send a wire transfer because with a wire, the money must first go to New York, and then London before coming back to Africa" says Dickson Nsofor, identifying one of many absurd examples of how the global financial system fails African countries, businesses and individuals. This is the problem and opportunity Dickson identified four years ago when he launched Korapay, a Pan-African payment infrastructure company using APIs for payment collections, disbursements, and conversions for businesses anywhere in Africa. Underneath it all are cryptoasset payment rails like Bitcoin and USDC. For him, blockchain is like electricity, unseen but essential to everything. On this episode of DeFi Decoded, Alex and Dickson discuss how blockchain is connecting Africa to the world.