My Name is Hanu; Fejiro Hanu Agbodje. I am the Founder and CEO of Patricia. Patricia started as an exchange for gift cards and has swiftly metamorphosed into a crypto exchange that has grown to become one of Africa’s leading crypto and infrastructure providers.
We at Patricia believe that a critical utility of Blockchain lies in its ability to solve inherent, Africa-specific problems to democratize the financial landscape. As a company, we have tackled some of those problems for 900,000 Users and Merchants. In doing so, we have contributed to financial inclusivity, job creation, the development of a talent-based economy, and the creation of new wealth amongst young Africans.
Being different makes you stand out, and taking the path less travelled is crucial to greatness and impact, a trait the typical African youth possesses. I write this memo, ‘The state of Blockchain in Africa, that I might pay forward some of the knowledge I have garnered with other brilliant, disruptive, “typical” young Africans, who also might want to do the most.
African problems, particularly problems in African finance, require ingenious solutions for real change. In most instances, change in the ecosystem often requires large degrees of disruption; the more disruptive you are, the more reward there appears to be. For substantial advancement to be made on the continent, we must drive innovative and disruptive solutions that allow for leap-frogging and transformation. It is this transformative power that blockchain technology possesses. We have seen some level of this disruption in the eastern African finance ecosystem with notable successes around MPESA (mobile money).
Aside from transparency and accountability, the Blockchain can provide high levels of financial inclusion and accessibility that is not currently available on the continent and could be applied in other systems. In a few weeks, I will turn 27 years old. Over the past 27 years, most African nations have suffered from high inflation rates, corruption, poverty, resource misappropriation, unemployment, and many more afflictions that rob citizens of wealth and purchasing power. Currently, the Sustainable Development Goals for 2030 goals seem unrealizable due to the constant depletion of infrastructure and human development on the continent.
Continue reading: https://guardian.ng/features/blockchain-memo-the-state-of-blockchain-in-africa/
We at Patricia believe that a critical utility of Blockchain lies in its ability to solve inherent, Africa-specific problems to democratize the financial landscape. As a company, we have tackled some of those problems for 900,000 Users and Merchants. In doing so, we have contributed to financial inclusivity, job creation, the development of a talent-based economy, and the creation of new wealth amongst young Africans.
Being different makes you stand out, and taking the path less travelled is crucial to greatness and impact, a trait the typical African youth possesses. I write this memo, ‘The state of Blockchain in Africa, that I might pay forward some of the knowledge I have garnered with other brilliant, disruptive, “typical” young Africans, who also might want to do the most.
African problems, particularly problems in African finance, require ingenious solutions for real change. In most instances, change in the ecosystem often requires large degrees of disruption; the more disruptive you are, the more reward there appears to be. For substantial advancement to be made on the continent, we must drive innovative and disruptive solutions that allow for leap-frogging and transformation. It is this transformative power that blockchain technology possesses. We have seen some level of this disruption in the eastern African finance ecosystem with notable successes around MPESA (mobile money).
Aside from transparency and accountability, the Blockchain can provide high levels of financial inclusion and accessibility that is not currently available on the continent and could be applied in other systems. In a few weeks, I will turn 27 years old. Over the past 27 years, most African nations have suffered from high inflation rates, corruption, poverty, resource misappropriation, unemployment, and many more afflictions that rob citizens of wealth and purchasing power. Currently, the Sustainable Development Goals for 2030 goals seem unrealizable due to the constant depletion of infrastructure and human development on the continent.
Continue reading: https://guardian.ng/features/blockchain-memo-the-state-of-blockchain-in-africa/
