Ep 81: Stablecoins, Blockchain, and the Bank Dilemma - Rob Downes & Brenton Naicker

Is Africa leapfrogging banks entirely? Are stablecoins the new reserve currency? And can banks innovate fast enough to avoid becoming irrelevant? To unpack the Africa Blockchain Report 2024, Michael Avery was joined by Rob Downes, Head of Digital Assets at Absa CIB, and Brenton Naicker, Principal and Head of Growth at CV VC Africa. They delved into why blockchain funding is booming while the rest of Africa’s VC market contracts, how stablecoins are quietly encroaching on the banks, and whether the continent’s financial infrastructure is on the verge of a radical reset.