The Case for Crypto with Bundle's Yele Bademosi
In this episode, we talk about cryptocurrency with the Co-Founder and CEO of Bundle, and the Founding Partner of Microtraction, Yele Bademosi. Beyond trading and price volatility, what is it about crypto that excites Yele and so many others on the continent?Throughout the series of episodes, we're exploring the entrepreneurs in start-ups digitizing informal and fragmented industries on the continent. And despite the technological underpinnings of cryptocurrency as a whole, many of the buying and selling processes and use cases of crypto today are still quite informal and fragmented. In this episode, we hear from Yele about the work Bundle is doing to build products and use cases that make crypto more accessible, affordable and help bring it into the mainstream.For those less familiar with crypto terminology, we have also published a crypto glossary to define many of the terms used in this episode. Check it out here: https://theflip.africa/crypto-glossary/4:21 - First question, on consumer education in largely cash-based economies. 10:36 - The macro dynamics - such as devaluation of the Nigerian Naira - that help make the case for crypto adoption.14:41 - Bundle's origin story and the goals for the business.20:22 - An exploration of use cases for crypto beyond trading and speculation. 26:47 - A conversation on DeFi, or decentralized finance. 32:42 - On a grand scale, what kind of impact can crypto - and Bundle - have in Africa? This episode is part of our conversational series sponsored by MFS Africa. MFS Africa's competition is with cash, and throughout this series, we'll feature other startups and entrepreneurs who are digitizing, better organizing, and aggregating analog and fragmented industries.Follow The Flip on social media @theflipafrica.