In this episode, Philip Mburu, CEO of Hurupay, joins Dennismary to discuss the rise of stablecoins adoption in Africa. Exploring the long-term implications of stablecoins on the future of money in Africa. Highlighting the challenges posed by hyperinflation and unstable currencies; they explored the potential for financial inclusion, economic growth, and stability in the region.
Hurupay is a leading Web3 company focused on bringing stablecoins to Africa. With over $200,000 in transaction volume already, they are making major strides in enabling greater financial access and inclusion.
Their conversation covered:
👉 [07:38] The current state of African economies and Inflation
👉 [12:01] What are stablecoins and how they differ from traditional cryptocurrencies
👉 [24:21] About adoption and use of stablecoins in Africa.
👉 [30:42] Betting the long-term implications of stablecoins on the future of money in Africa.
If you’re interested in learning more about Philips's perspective and multifaceted look at the forces propelling stablecoin adoption across Africa and its impact on the daily lives of Africans and the broader economic development of the continent. Tune into this episode of The Cast.
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About the show:
The Cast, hosted by Dennis, explores and chronicles the ideas and opportunities that are driving this new movement of digital money. Dennis interviews leaders, engineers, and operators in blockchain, venture capital, decentralized finance (DeFi), and financial inclusion to get their insights on the future of money and how it will impact the global south.
The Cast is brought to you by Yuki, a technology company with a mission to raise and optimize Africa's economic prosperity through seamless digital asset custody and value exchange.