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0:00you know, we have uh if you want to transact $10, you know, I I I don’t think the financial crime uh investigators are going to come after us for $10. So, that one you only simply need to have your name or we simply need to have your phone number. If you’re going to transact $100, we probably need to see a copy of your ID, right? And so, as we continue to give you additional service on the platform, we continue to ask for what you call enhanced KYC up to that point where we want to know where you live. uh and here we come to nav and

0:30say look can you verify that this data is the same so identity and especially when it comes to KYC it’s always about what financial service do you want to give I’ll even give you another extra step it’s different between on-ramp and offramm one is higher risk than the other okay so it’s all uh we we classify that depending on how much you’re transacting in um sometimes the KYC data from the telco is not enough for example if you want to go above $500 the KYC data from the telco might not be enough. So we might now rely on you know additional what we call enhanced KYC.

1:09Thank you. Thank you. Um you you as as I think folks are gathering questions. So I think there’s a question here from Mr. Justice. Thank you very much ladies and gentlemen. This is really really powerful but because you are too close to the issue. You don’t know how powerful you guys are. Um Kenya led with the development as a digital platform and I was at that time part of an organization that was having a conversation at the international level to try to find out how money and resources can be to reach real users at the the village grassroot level and it was absolutely difficult. I was looking at um the uh market

2:26capitalization of crypto today and I saw that uh it has hit 3.7 trillion just crypto alone in other words it is more than what a lot of the a lot of countries in Africa have budgeted. annually and here is this 7 3.7 trillion and understand that by the end of this month next month it will probably be about 9 trillion dollar Kenya is walking this pace as if we don’t know what the world is doing how are we putting our hands in this pie. Four years ago, I understand that uh there was a task force that was uh appointed to look at how regulation would come into

3:38you and the experts. My question is where is it now? Because when you mention crypto banks, central banks. It is as if you have mentioned the word devil. A lot of countries are now embracing this and regulation and policy is what needs to usher in uh our own uh entry into this important business. So I am sure that you do know where this is or if you don’t know let us know how you can play a role in convincing the government that they need to thank you very much.

4:42Thank you. Thank you for that question. Uh I think part of it can be answered here. I think also the next panel may cover part of it. So stay tuned for the next panel as well. I should have somebody who has a response to that. So I think do we have anyone who would like to take that as we close?

5:00Yeah. No, that’s a really good question. Um and having been involved in the industry for many years now, there’s been um various efforts that you know a lot of players have done in terms of trying to get especially the regulators closer and closer. um to understanding the technology and the opportunity at hand. Um I like what you said uh that you know mentioning crypto around bankers um and especially regulators at some point was very dangerous. You know I think I think we’ve lost a professional networks because we’re in crypto but now everyone is sort of warming up to it. And to bring you up to

5:37speed um in the last couple of years there’s been a few sort of spirited sprints in terms of drafting regulations. Um these are already sort of uh at advanced stages in parliament um in terms of discussion and being passed. Um you know the other players who are not in this room who have been very closely involved in that process um supported in a lot of resources um you know you know that’s a you know that’s a lot that’s a lengthy legal process. So um we have uh our lawyer friends who are not here today but we we are a big uh community and everyone there so many

6:11stakeholders have been involved uh from us who run businesses and doing investments to the ones who um you know in charge of compliance and and regulations. So there’s a lot of concerted effort I can assure you um and you know I’ve been playing my part been playing a very big part and we’ve all been contributing to bringing this closer and closer together. Um and there’s a very big opportunity in the next couple of months hopefully once we get the regulations in place. Um this room will probably be three times or five times as big because then everyone will get very comfortable um in investing in this industry and finally I

6:45can you know reach out to the professional networks who abandon me and tell them now it’s legal. Thank you. Thank you for the question and thank you for for taking it. I think now we’ll as we draw close to a close um if you have any questions and you would like to approach any of the panelists directly feel free to uh approach them and uh share your contacts. Uh there’s going to be a bit of a networking session um towards the end of this uh event. Um as we close there’s two questions. The first one is as and this one I think goes to you and of course

7:22so looking at identity um as more and more people get their identities and once we get to the point where we even know verifiable addresses and where people live what else gets unlocked beyond just a seamless ability to transact what other industries would be touched by very good identity systems We set that up. Dan, you have a lot of experience from your time in the identity company. Feel free to jump in on this one as well.

7:56So, so beyond finance uh and web3, it’s basically everywhere you plug your address. It’s marketplaces, uh it’s ecommerce, it’s you know, imagine that you had a verifiable address and you had a document that was sent. you have one signing docuign or these other kind of platforms where your verified address could get injected into a legal doc. It’s the same thing with your insurance company. Uh the use cases are endless emergency services. It’s wherever you’ve ever shared an address. You could actually basically expand that space. So before moved to Nigeria, uh we pivoted product and market out of Kenya into Nigeria. We used to do the last mile delivery in

8:39Kenya for all the art brands were hard for a whole bunch of brands. The market wasn’t big enough for us. We found a much more urgent issue in the KYC for addresses and so we went to Nigeria. Um you know we worked with one of the handful of companies in the world that had access to Uber’s API. We were able you were able to h through your okay high uh like uh your okay high address app and we cut Uber’s pick up time by 20% on that. So if you have a high quality digital address verified you can plug that data into any space and basically enable seamless you

9:17know seamless use cases. Yeah thank you for expanding my thinking around that. Yeah um just to add on to that I years ago I I sort of came designed this um what I call like uh the identity journey of of from cradle to grave. So when you think about identity from when you were born you got that birth certificate that’s your first identity right and every time you interact with an authority you go to school you get a new identity you know so identity keeps on following you around um and so even non-financial other non-financial use cases when you’re getting a SIM card you know that’s just communication um when

9:56you’re signing up at immigration they want to know where you’re going and you know and all that so there’s a lot of what you need to follow is just a human from to grave and each and every of those points there’s identity embedded um including e-commerce shopping um yeah some of them uh some services are gated so what’s going to happen is uh adoption is going to rise faster in sort of regulated industries right so financial services are going to have faster adoption at some point maybe commerce um now what’s going on in Europe um sort of age gated uh services um now require you

10:31to verify your identity so it’s coming closer home and you’ll find it across so many different use cases and because of the digital device I mean mobile phone it’s not so much easy to do it.

10:42Wow. Thank you. Would you like to wrap it up? Happy to. I mean these guys get very serious in financial services obviously but I’m going to talk to about some of the fun ones that I have seen in recent past. Um you just had a regulation that said that you actually have to verify that you’re over to and dating app. And so you need identity for that. Um when you order food, especially in a lot of countries, I literally in New York have to give my passport or something to the guy who’s delivering it. I don’t want to do that. I don’t want to give him my password.

11:24And so identity can be used for like a like you’d be surprised how much you use identity on a day-to-day basis. dating has become identity and I think it’s just like tip of the iceberg now right digital identities a lot of the world didn’t have digital identities and still doesn’t have it um with the digital identities becoming more popular and more common place with everyday people um I think you’ll see some really interesting use cases I think six months from now when we’re sitting here we be like oh digital identities of course we have them have them right now I have one but six months

12:04Sorry for having so much talk about identity, but I kind of go crazy when this topic comes up. I just have one quick anecdote about the most powerful story I’ve ever heard about identity and how it can change a country’s life and people’s lives. So, one time there was this young boy who lost both parents and he was an orphan. Ly the country came from had a really good sort of identity database and they were able to identify that there is two adults who passed away and there’s a child who’s been left without parents and quickly because they had a digital database that you know keeps all this

12:37they were able to intervene and make sure that that child is supported through school in scholarships and you know their school fees and the up the child was brilliant and they ended up you know going all the way to university and uh you know they finished university and because of brilliant they got into one of the big four. So the guy when he was selling us his story was a partner at KPMG and thankfully the government had a really good identity platform and was able to intervene in his life when he was really young and he was able to have a whole completely different opportunity in life only because of that

13:11intervention and so that’s how powerful it is when you have proper identity infrastructure in a country. Wow. Thank you. Thank you. Um I hope you guys have enjoyed and have learned as much as I have. Um the bet that the organizers of this panel took was that identities is going to be the next frontier. We have stable coins. Next is going to be identities and I feel like the bet paid off and I wish you guys the very best in what you’re working on. Thank you all for your attention and your questions. Feel free to reach out to the panelists after this or during the networking session. Thank you for

13:49your attention. My name is Daniel Kimoto. It was a pleasure being the moderator of this panel. Enjoy. Another round of close please for our moderator and our panelists. Shukran. V me a photo. Thank you guys. Thank you so much, Daniel. Sorry, I need to I don’t want to ask him in person because I’ll whisper into the mic. By the way, do So Ibrahim, I promised you something, but I’m going to bring you in. I’ve just that’s what I was checking. I’ve just found an opportunity. So I’ll bring you in in a bit. Uh in the meantime, you can be just downloading mini pay, and then I

15:00will take us through what we need to do. Right. So that was a very powerful conversation on identity and trust, right? And these basically are the foundations of any financial system. I don’t care what people think. Those are definitely the foundations of any financial system. Now, let’s bring it a bit closer to the ground. Beyond the frameworks and the flows, how are stable coins being used dayto day, right? And we’re talking about in places like markets and communities across the continent. Our next panel is actually going to take us there. Across the continent, the reality looks like this. Seven out of 10 stable coin users rely

15:41on them for remittances and savings, not just speculation. That’s according to the yellow card report. And we’re seeing new use cases every single day from crop insurance payouts to payroll systems in Ghana. This is what beyond the hype actually looks like. So, please join me in welcoming our three panelists. Starting with Derek Bundy. Remember guys, we’re doing Oscars. So, there was a there’s a whoop somewhere, but there’s a whoop is missing now. So, Derek Bundy is the CEO and co-founder of PTM Finance, right? Derek is a fintech innovator who co-founded PTM Finance after working as a software engineer. The platform active in seven African countries empowers

16:32users to spend digital currencies like USDT directly on everyday purchases without conversion to local fiat. Our next panelist is Dominic Mulinda. Dominic Melinda is a chief product officer at Honeycoin. Dominic leads product strategy at Honeycoin, a payments and stable coin platform now active across multiple African markets and processing millions of dollars every single month. uh following a $4.9 million seed round. Yeah. $4.9 million sea round. Right. He is driving its expansion into new settlements across the continent, new markets across the continent. And our last speaker, I I like the way we have gender balance. We have one female. We should have now another one. And that

17:19is Faith Nyabura. Karibu Faith. Faith is the co-founder of Gocha. Uh, Faith is bringing mobile first crypto payments to underserved African markets. Bjapa is simplifying peer-to-peer stable coin payments, making them accessible to the many, not just the few. And it gives me great pleasure to welcome our moderator for this particular panel, and that’s Ronald Karib. Wow. It’s an honor to chill with the big boys here. One is operating in seven African countries. The other did a pre-seed round that was very very public, you know, like everywhere on the news. And then these other guys here with go chapa like trying to on board like average users on

18:18two web three and growing really fast. It’s a pleasure. Karunis. Yeah. I think for me And don’t worry guys, we won’t take long. I promise you. After there’s food, so chill. Um guys, like it’s it’s it’s always um really important to go back to the beginning, right? The origins. So I’m I’m pretty curious. Uh starting with you, Eric, like how did you get into the web three space? What was that aha moment that made you feel like, hey, I feel like there’s a gap here and I want to build uh and make something better in this space. Thank you. Uh great to see you. I greet you. My name is Derek

19:05Bundium. By background, I’m a software engineer. I’ve been building for the longest time. I’ve pushed a lot of the financial services and financial tools that have helped business across Africa. Uh all my development experience have been mainly on the fintech space uh within the dealing within the fintech space. I remember building financial services and financial tools for startups who had presence in couple of African markets. Out of that uh I had an opportunity to touch a lot of payment across Africa starting with Kenya, Uganda, Nigeria and couple other African markets and it happened within the engagement or within the day activity I was introduced to blockchain technology.

20:02Now this was quite an exciting uh uh technology for me uh because initially or now my former employers managing uh all these financial tools across Africa. remember we are attaching a lot of payments and uh across Africa it’s it’s so uh unique or kind of weird the financial payment or the financial landscape in the context of Africa or Kenyan markets it’s totally different in another African markets with such kind of the pain point we are we were experiencing then and now here we’ve been introduced technology to see the possibility of this new technology and how it can really uh bridge these two worlds in such a way now it’s a bridge

20:58between what we were in Nigeria and Kenya bringing the unit across the stacks uh this now a business tools that is serving the guys in Kenyan markets and now we have other customer in another African market now for For me I I visualized this uh new technology as a bridge between the two bringing the unity among the business operations. And since then now when was born and uh now upon having being introduced to this new thing it couldn’t really fit with the current structure of my former employers. remember uh crypto is not a things you go and tell business guys let’s introduce this new technology into

21:46our daily operations so that wasn’t quite a quite of a conversation we could do then but I pushed it out now to start building as a separate entity and uh since then uh we chipped out with my co-ounder Chris is there by the way we are small team in every meeting we meet the team. We have Chris, we have so basically that’s all about me. Over to you, Dominic.

22:16All right. That’s a really cool story. I’m drawing so many parallels because we kind of ended up sto a little over five years ago. Um it’s more like Patreon. That’s essentially what you’re trying to do, right? But to help creators on the continent be able to easily monize from a global audience and receive payments in crypto, but certainly we have it settled in the local field. So we deployed this in Nigeria, we deployed this in Kenya and Ghana at the beginning and that’s where we started and got very varied results. And let me just say we did not end up we we where we didn’t

23:05think we’d end up but it’s just by following out a thread and the real let me say light bulb moment for us um clicked with us when we started realizing a lot of the power users and the customers that were serving um the big pain that they had where they would lose so much time and so much value between the point where they actually have settled the money that they have earned especially especially cross payments and we’re like hey the I mean at the time in 2020 you could already see the writing on the wall there they provided such programmable ways in which you can be able to shorten that time and

23:44reduce the the amount of loss that people are using those kinds of transactions just have their local country of choice that’s how we started and at the moment basically Five years is a really long time in crypto, man. Congrats to you guys. So, it’s such a pleasure to be seated next to people who have been in the space for five years. Considering us, you’re not even a year within the space. But it’s all good. We are learning from you guys. Yeah. So, for Goapa, Goapa was started to solve just one problem, the complexity that is within the uh crypto space and a lot of people when they’re

24:34starting in the space and the applications that were there and they’re still there is that they are very complicated and not very beginner friendly. So, Goapa was built with the whole idea of wanting to simplify the complex uh entry into the crypto market. So, basically a very simple UI UX um what we are already used uh to using which is um mobile money entry. So basically being able to buy crypto from as low as 200 Bob um from your empessa and you have crypto in your wallet.

25:12That’s really amazing and I love the fact that you’re working on that man. Like my my entry into this space was very painful because you guys know like uh how many of us here while in campus used to do this uh gigs online to get to survive and have money to party. Yeah, I see you guys. So for me uh I did I did I did a gig uh back in the day and then I was supposed to be paid by stable coins uh on think network. At the time I didn’t really understand all these things. So um for one reason or the other I I I lost these funds because you

25:53you just know how how complex it is right you have to send this uh address but then you I sent the wrong one so the funds went to uh a different uh blockchain mean it was very very painful and I love the fact that you’re trying to abstract some of these pain points. Back to you Derek. I remember last year there was this really nice video where was it Tossin Tossin Onikosi from from Nigeria? She she only had mini pay and Pritium and she didn’t have cash, right? So she just came with um the mini pay wallet and Pritium and she was uh able to navigate

26:36like payments here in Nairobi. like would you like to take us through that user journey uh who who uses Pritium while crossing different borders and what is that magic moment that makes it 10 times better than you know like a person choosing to go with their visa card for instance.

26:57Uh thank you. Uh every time we bridge the assisting payment uh ls with blockchain ecosystem uh the beauty of our unique conversation with we touch the everyday payment portion of it in such a way everyone from your destination country for us who are based in Kenya we use our mobile payment payment on everything uh like when you came here you mobile from it’s the same experience with finance uh in this case scenario we like put it into this perspective pay with stable coins. As much or as much as we are pushing people in adoption of the blockchain technology across Africa, uh there is a bridge of the seamless

27:50integration of these digital assets on everyday payments. That’s where now comes in. Uh in such in such cases where now you don’t need to do a P2P for you to get fiat when you you in possession of stable coins, you are able to use the same stable coins for your everyday payments. Uh another use case uh where now comes in is now probably like if now you are flying into Kenya, we are able to plug you into the payment rates and you pay just like local. We had a conversation with Taylor came in the other day. Now for him he only earned access to stable coins and

28:32we are able to plug in him to local payments. Uh for him now he has been paying with stable coins for all his engagement within the contest of the Kenyan markets. Uh if they now f to Nigeria for example in the same same platform he just switch the country up and we assisting from the mining payment infrastructure. So the premium we extend the functionality where now we depreciate the everyday payments. Uh like I don’t remember the last time I used my empa wallets. I’ve been paying my internet connections using stable tokens because now we act as a bridge between the assisting payment and the blockchain

29:15technology. Another another good use case we’ve seen on our platform is uh people doing uh using our platform to do uh in Africa cross border payments in such a way if I have my family who are residing in Zambia for example I’m able to switch the country up and send money back home so we we are operational in seven African markets uh so uh this kind of ecosystem we are creating where now uh the language of stable coins or the language of blockchain it’s no longer a complexity because the reason or where we are coming from where why crypto crypto it’s all has been always been t

30:00has come it’s uh probably if I introduce one of my friends the crypto probably I give them stable coins or whatever the assets and at the end of the day they don’t have a way As long as something kind of maybe It’s really something. Why is this people So to build It’s the same build. that you get right to understand people. expect to That’s allow. industry. I get Everyday connect behind for you. Then you behind the scenes. So on the other part is also we have enure that we have platform and others to purchase in terms of liquid So also that happens to basically So

36:14that you have process and it’s just one initial success. So the challenges Especially What is this? Maybe Please don’t make it as very clear. Very clear. having as much chain abraction as you can. Um, setting your defaults to automatically like match whatever routing chains or networks that you guys are supporting without really having to burden the user. And of course for the most sophisticated guys having advanced settings like a tap away for them to do their own custom configurations. Maybe I want to move my stable instead of you know or let them have that option but still abract as much as possible. Make it as crypto hidden as

39:06possible because again at the end of the day people buy the outcomes they really don’t have you and so making the UX as simple as possible. If your mom can use it under you audience to ask questions like when users tries to use the goa app like what is the biggest uh point of confusion that users have right now uh and how does your wallet design help them avoid that confusion? So as I started by saying was built to basically eliminate the whole complexity that is when one is moving around buying uh you want to buy an asset or you want to to sell or however you want to use

40:07your wallet. So what we’ve eliminated is basically just having a simple wallet. When you log into the goa wallet everything is outlined. Um, you want to buy, it’s very straightforward. You want to sell, it’s very straightforward. You want to transfer to another wallet address, it’s also very straightforward. There are options to also scan QR codes so as to make sure that your you get the right uh wallet address. So, basically just making the UI UX as simple as possible.

40:44Thank you so much. give it up to the audience to ask two questions before I close. Hi everyone. Um, don’t want to be the Debbie Downer here, but I have to ask the question I’m hearing the two panels that uh, it sounds like we’re building our own prisons because if we all think back to co We had to show pieces of paper just to get into buildings to get onto airplanes, right? We’re building prisons for ourselves with these tools where now you have to attach your identity to your wealth. And we live in a time when governments will abduct us. We live in a time when

41:37uh if you look at France, if you if they know how much value you have, they will kidnap your family. They will chop your fingers off. it will kill you. And so we are tying our identities to our value and now we’re even tying it to where we live. That is insane to me. So I would like to challenge everyone to instead of when the government tells us here are the specifications that you have to build your technology to, push back against that because they are not our friends, right? They’re trying to tell you how to build the prisons to lock you in. So take off the chains of the

42:11blockchain and build for freedom. Thank you, Ronald. Sorry, noticing I didn’t hear a question. So, can I throw an extra question? It was more of a challenge to the developers in the room to build freedom technology, not build prisons. That’s fine. Thank you.

42:37Hi everyone from trying to democratize access to I’m curious to know how do you know that without the question. Is there anybody who has another question? We can close it off. My question is about from what I understand when you’re using accelerating dollarization. So is that a founding is that now I’ve asked all my friends this has lost its purchasing power at least by 90% since 1971 and this year alone the dollar went down by Challenge accepted. Who wants to take that first?

45:00Okay, let me take the gentleman’s question first on addressing a pain point uh pain point and how you know if it’s going to scale. So basically as I said as we identify the pain point and uh build a simple to use uh wallet and how we are continuing to ensure that we continue to address that particular painoint is also through education and the education that we are putting out and um through uh any kind of marketing that we’re using is also in a simplified manner in a way that anyone who uh interacts with our content anywhere can be able to understand what um crypto is,

45:46what Bitcoin is, what all these uh things that we’re talking about is and also simplifying the jargon through the marketing uh content that we put out. So once we um put out that kind of content and now we are transferring our followers from different social platforms to our wallet users. They’re basically encountering the same thing and a a simplified platform through simplified content.

46:16Okay. So um I’m going to have a crack at the questions and the challenge um if I may. So I’ll start with the gentleman’s question because it kind of guides me towards the why why what we’re doing right so the first question you asked was how to pinpoint your problem right uh I’ll be the first one here to say we’ve been doing this for five years I want I don’t want to say we’ve tried everything we have definitely not tried everything but we have tried many things and we have failed spectacularly most of them but the ones that were hit we double down on it and so I’m just going

46:52to go back to the point Parto principle the power law for us it’s always been optimized for what you have seen to work as we speak right now we have two products for instance in our company but 80% of the value is still driven by one of them right so even every day we are still optimizing on where should we invest most of our time in building better rails as we build a bigger and sustainable business to provide value for all the other services that we provide. So keep your priorities straight, pinpoint your value. But um this thought processed by nasint called via negativa learning through

47:32abstraction and removal and that’s one of the things that I am very let me just say I’m very stoned about when it comes to our team and our engineering and our shipping practices. Remove remove find the signals from the noise and double down the signals. Now the other two questions and statement I feel like they are very philosophical. Um I am no Milton Milton Friedman for instance but I am definitely one who leans towards um that perspective. And maybe just to kind of paint a a picture I think for many of the people in this room we are sold into crypto because of the vision of what

48:11let’s say the Bitcoin network made available to all of us right purely decentralized um controlled by a single entity, programmable, transparent, and we can actually move money. And I think it behooves every builder in the room to find out how do they build out or see that vision in whichever way they play, come to pass in the world that they live in. Now I I did start by saying our origin story was I just wanted someone to be paid BTC from Russia and have Kenya shings here. That is genuinely how we started. But then again applying the context that I mentioned to you about doubling down on

48:55the things that we found valuable. We found that the constraints of the market as we are we provide the most value by solving a very specific problem of international finance payments to businesses. Right. And who who knows um the the the people who are not shipping, the people who are not um optimizing and and learning with the times are bound to die. You know the the IBMs of 1970 and not the Googles of the 2000s. So in 1015 years in an age of AI I think crypto payments would be dominant. I think decentralized payments would be dominant. And of course we all keeping an eye out to make sure okay let’s say

49:37we have the stable coins payments layer already in place how do we make it more decentralized and then finally on the dollarization question again I am no economist I am no mil freedman I am purely a design and engineer however um I don’t I don’t I don’t think I want to speak on like world economics with regards to the the strength of the dollar against fiat currency in the world. But really the rationale behind stable coins is to have it pegged right um towards a particular local currency outside of the volatile blockchain native tokens and that can look like any particular fiat currency. However, again, the reality of business is that

50:25the power law applies, right? International finance is heavily conducted in dollars and that’s why there’s a lot more dollar volume. I mean, you just need to look at the market cap. Um, outside of the $2.3 trillion that BTC probably holds in market cap, most of it right now is sitting on stable coins, right? Um, and that is to show it’s not to say that we do we do not want to head somewhere. It’s more every builder has to choose what’s the pragmatic path for them to build towards a future that they want to see. And so yeah, I pray for us to get to a point where we don’t need to deal

51:02with shillings. I can transact with the Nigerian fair on BTC and we’re building towards that. But there are so many let me just say there are so many chips that have to fall in line and we also as a community we have to drive so much consensus to nonties to people who are not into the space to find this consensus to allow them to participate in this particular philosophy as well of payments. It’s almost like we have to yank the world forward towards a different way of thinking about how to exchange value, right? Really intense. Just final thoughts as we close. Starting with you Derek

51:54founders in the audience like what’s that piece of advice especially for folks looking to build the future of finance in Africa take it like a jigsaw pel we move until we get it right please continue moving those ples It’s the same same parcels that are provoking government to it’s the same same parcels that are provoking people to get kind of what’s really happening on the blockchain space. Keep pushing it. Okay. Um I think for me in terms of particip I’ll just say trust is my partn borrowed trust becomes untrust the more you become reliable the more you do what you say you’re going to do and the more

53:00people can rely on you to provide a service consistently. to just work hard towards getting there. Clearly great minds think alike. Also my parting short uh word is trust. And I’ll finish by saying if we earn trust we can definitely scale impact.

53:27Thank you so much. Have to put a clause there. But yeah, I think uh for me that one killer use case that we found in crypto because like the barriers to entry are solo and there’s like a huge pressing need for people in different parts of the world especially emerging markets right just go to devs in Argentina and most of them prefer if you don’t pay them in stable coins don’t even mind talking about the job they won’t be interested just visit visit our brothers in Nigeria and see how much they prefer to hold USDT and other stables over their own local currency. Thank you so much guys.

54:16Round of applause for panelists. Thank you so much. Um, you need to keep it on. Now, if panel one gave us the bigger picture, panel two has shown us the ground reality. Stable coin is tools for saving. That brings us to the biggest story. Where do we go from here? What I want to do is let’s actually take a step back first. Look at the momentum. Let me ground this two particular numbers adoption subsaharan Africa by 52% year on year 52% year on year and today 54 million Africans nearly one in 10 people in every region use stable coins right so it’s not an experiment of

55:16any kind this is now starting to actually become very mainstream thing and beyond payments Ethereum is also funding what matters. Rewiring global giving to make support more transparent, efficient, and impactful. It reminds us that what we’re building isn’t just about money. It’s about resilience, access, what we talked about just now, trust. Now, there’s food coming. That made you all smile very much. Uh but before we get there, as always, you have to wait a bit more, right? Uh it’s not that long, actually. But before we move into our acknowledgements, that indicates we’re pretty much at the end of the evening. We want to highlight one

55:54of tonight’s partners who has gone the extra mile. Commandor Designs has graciously provided gifts for our panelists and sponsors um this evening. It’s just a special token of appreciation basically for the leaders and visionaries who’ve shared their time, energy, and commitment to Africa’s fintech journey. So, I’d like to invite all our panelists who are here, starting with uh Taylor, the guys who did the showcases as well, please. Um, so you can give them a round of applause and come up. Uh, Taylor, Ibrahim, where are you? Jordan, um, Sev as well, please come up. Um, I should have kept the other guys here on stage. Um, Duncan, where are you Duncan?

56:42Now, I know Timbo’s not here, but I’d like to ask Nav to come and pick it up. on behalf. We’re going to give you a special one directly to your office. That’s how special you are. Um Isha, stop hiding in the back trying to sneak food out. Isha, we saw you there. Um could I also have Derek back on stage, please? Dominic, please come back. Uh and Faith, I know I’ve made you walk up and down, but we just want to say a very big thank you for taking the time and the effort. Um so, Daniel, do you want to come and give these out

57:19or did you have somebody in mind? Okay. And the team from Kamodora as well, please. This is a this is a great photo op. Yeah, by all means feel free to clap. It’s okay. And for the photo op as well. So, if we can give out all those. So, this is entrepreneur. entrepreneur English is failing. This entrep entrepreneur behind Camdora Designs, her name is uh my mind is complete right now. I’m so sorry. Daisy, that’s one. And I know this because I went to her wedding. Um yeah, so this is Daisy and I’ve bought her products from her before. So they’re fantastic. So we can start with uh Do

58:09you have them in order? anybody basically because we need to Ibrahim then you’re going to stay up here. Yeah. So we can go through I’m saying when we get your gift you’re going to stay here so we can do the mini Aisha. So Aisha, thank you so much. Dominic, who’s next, Derek? That’s you. And then we’ve got another two here. Who’s missing one? Three people missing. Okay. So Taylor started it off and got the last one. So another round of applause for our panelists. Thank you so much guys. We are just about wind up. Um so yeah, have you finished the photos? Ibrahim, do you have a winner to

60:21announce audience? You have a winner. Okay. So, we have a winner for this 50,000. Yeah. So, uh the time that we put for the raffle was a little bit shorter than uh than what I wanted, but uh we do have a winner. Uh the one who won the 50 000 is gems just left. We have to find the the next. Okay, let’s let me check the next one as we go take our final refreshments. Um, if you came into any glasses or cups or anything and as you go to tent your refreshments, please make sure you go back with them. So, if you came with any

61:27glasses or rather the cups for the tea or if you came with any bubbles, you go back to the second area. Make sure they’re here. So there are congratulations to time. Congratulations and thank you so much Ibrahim for the generous gift. All right, we have looked at scale utility. Hey, hey, hey. Hey,