Tech Intersect #94: SPOTLIGHT Akin Sawyerr #44-Are Blockchains & Defi Lending the New Esusu Wealth-Building Model? Lessons from Nigeria

Kudos, Questions, Comments? Send it here.In episode 44, I spoke with Akin Sawyerr, Managing Director of Feleman Limited, a venture advisory firm focused on leveraging Blockchain technology to create value in underserved communities. We discussed the current state of the crypto ecosystem, the future money and work in the US and abroad on the continent of Africa and where we go from here. Specifically, we talked about Nigeria as a case study for how distrust in a political and financial system can lead to a shift where citizens opt-out to adopt other self-custody value transfer options. For example, esusus (informal lending groups) are a popular means to create and protect wealth based on familial relationships or affinity groups, create a community of trust and honor that is “off the books”  Esusus aren't digitized. But if they were digitized … perhaps they’d look A LOT like blockchain communities.We explored what it would look like to digitize cooperative economics for the unbanked, underbanked and those who want an alternative hedge against government-issued money (aka fiat).SPONSORED BY ADVANTAGE EVANS™ ACADEMY With Bitcoin and Ethereum leading the way, the cryptocurrency market is booming. And growing. With over 14,000 different types of crypto (and counting), crypto is a fast-paced, fast moving emerging asset class. Find out what banks, governments, and companies like Paypal don’t want you to know about owning crypto and holding it in your own wallet or self-guided crypto IRA. Bottom line? It’s a wave. And you deserve this opportunity to ride it all the way to financial freedom that leads to economic empowerment and generational wealth. Learn while you earn. Safely. Legally. Confidently. transform your relationship with moneygenerate wealth in the new digital cash economycreate digital ownership streams that lead to generational wealthvet, buy, store, trade, earn, and sell cryptocurrenciesengage in “defi” to lend and leverage your cryptocreate, buy and trade creative and collectible NFTs. Membership includes:Monthly live masterclassesLive Q&A with our expertsActive learning milestonesHeadlines and hot topicsReplay libraryResources Bank (a $500 value)Preferred access to invite-only eventsPreferred pricing for courses and eventsDiscounted 1:1 sessions (regularly $1,000)Join now at advantageevans.com.Links:Reuters 10/12/2021: Crypto Trading Thrives in Nigeria Despite Official Approval Show Contact:Questions and requests: [email protected] Follow: Twitter @AtTechIntersect | Instagram @TechIntersect Web: Tech Intersect Podcast  Rapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.Produced by Tonya M. Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc. Support the show (https://tinyurl.com/techintersectvip)Regulate & The Rabbit Hole by Notty Prod licensed via Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya M. Evans for Advantage Evans, LLC