Stone Atwine said: 'Stablecoins need to be auditable and fully backed by fiat currency so that we don’t experience value loss when there’s a bank run.' fintech borderlesspayments
Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked
BCN: In your opinion, why are fintech startups doing a better job of bringing financial services to the excluded?Yes. Promising fintech startups can serve the excluded at a lower cost. But not at the bottom of the pyramid. Startups like Eversend try to help the customer increase their revenue. This is very attractive.
BCN: The Central African Republic recently became the second country after El Salvador to make bitcoin legal tender. As expected, the decision has divided opinion. Some have argued that it is not possible for a developing country with limited telecommunications infrastructure like the CAR to adopt bitcoin. Others have said the decision shows cryptocurrencies like bitcoin can act as an alternative reserve currency.
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