In the last few weeks, we've started a non-profit think-tank project called Wenzey. The name comes from the Lingala word, wénze for marketplace, because in Africa, our local markets are the hearts of the community. Therefore whenever we think about any new innovation, we need to always consider taking a grassroots approach in order to really spread awareness. This means understanding the nuance from each individual market from the bottom up before even building solutions.
There is a strong link between a country’s macroeconomic policies and a person’s life outcomes. Cryptocurrencies can introduce a degree of financial optionality which serves a useful hedge against a faltering formal economy. Furthermore, governments would have greater incentive to improve their respective sovereign currencies or risk losing market share. Individuals in oppressive regimes could freely buy in and out of a chosen stable unit of value, and no longer be subject to the tyranny of failed economic policies.
Our aim is to cover the markets from a data-driven academic perspective in order to inform developers, policymakers and individuals about the best way to scale up any cryptocurrency infrastructure efforts in Africa.
Please check our website and let us know what you think: https://wenzey.org/.
Topic: Wenzey - A Cryptocurrency Think Tank for the Developing World (Read 101 times)
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