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Africa and the Cowrie Exchange
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Manage episode 276548180 series 2807114
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Cowrie Exchange is a Nigerian based fiat to crypto gateway that provides a way to trade cryptos with local fiat currency in the region.
Sam Conner and Ladi Okorodudu, from the Cowrie Exchange, discuss what the Cowrie Exchange has done so far for Nigeria and how it plans to be the leading African payment network using Stellar. The discussion begins with Ladi explaining the current state of Africa and the entrepreneurial spirit of Nigerians. Ladi then highlights how the Cowrie Exchange integrates directly with the Nigerian banking system - allowing payment in NGNT, an asset backed digital token pegged to the Nigerian Naira, to cash payout of Naira at the local brick and mortar bank in 60 seconds.
Ladi shares his experience with the people at the Stellar Development Foundation (SDF), including a recent heartfelt outreach from the SDF's CEO Denelle Dixon.
Ladi then provides insight into the Cowrie Exchange's decision to use the Stellar network as compared to Ethereum. The discussion then moves to the End SARS movement where Ladi provides his perspective into that movement and the youth in Nigeria. The podcast ends with big plans for the future with the Cowrie Exchange's planned expansion from Nigeria to several other countries in Africa.
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