My Brain Food This Week...
Vinod Khosla speaks, and Crypto may be better than traditional finance
Story of the week:
Keep Your Friends Close And Your Enemies Closer
(Anthony Pompliano)
Key takeaways:
Misconceptions about Cryptocurrency: Despite widespread concerns expressed by politicians and big bank executives, data from Chainalysis, a blockchain analytics firm, consistently reveals that less than 1% of all bitcoin transactions are related to illicit activities. This challenges claims that cryptocurrencies are primarily used for criminal purposes.
Bank Fines vs. Cryptocurrency Risks: JP Morgan, in the last 15 years, has faced fines totalling $39 billion, raising questions about the efficacy of traditional financial systems in preventing illicit activities.
Global Adoption and Regulation Dilemma: An overreaching attempt by the United States to control the decentralised and open-source cryptocurrency industry might lead to increased global adoption at a faster pace. To navigate this dilemma, they should embrace the technology and actively participate in responsible innovation.
💎 Africa
Africa is one of the most promising markets to sell internet right now. Who is Keeping Africa Connected?
South Africa is witnessing an expansion in cryptocurrency offerings as the country gets closer to issuing its first operational licences to financial service providers.
NALA Money, the Tanzanian business and consumer cross-border payments fintech backed by Bessemer Ventures and Accel, says it plans to make Rwanda a settlement hub for its East African remittance business
🌏 Global
The two most unfortunate events in the last couple of years, Ukraine and Covid-19, have set in motion transitions that are huge opportunities for innovators.
One thing that has really differentiated Flexport from the rest of tech companies in logistics is that we see ourselves first and foremost as a customer solutions company.
