Two-day Africa Money and DeFi summit ends in Accra

Leading tech event series, Africa Tech Summit has ended a two-day networking session of the Africa Money & Defi Summit to connect Africa fintech and crypto leaders.

The event which began on Tuesday 27th September 2022, and ended Wednesday 28th September at the Movenpick hotel in Accra sought to discuss the future of cryptocurrency and decentralised finance in Africa.

This year’s event which is also the West African Edition of the Africa Money and DeFi Summit brought about a hundred technological companies and delegates across the world to connect industry leaders from within and across the African Fintech and crypto industries.

The summit seeks to educate individuals on DeFi easy payment methods, Web3, cybersecurity, investments policies, mobile money, and industry stakeholders among others.

According to the Founder of Africa Tech Summit, Mr Andrew Fassnidge, the use of Fintech and Crypto payments has come to stay even though it is in its early stages.

In his statement, he further sought cooperation with the Bank of Ghana over regulatory issuance to Fintech and Crypto companies.

“I trust that the Bank of Ghana will play its regulatory role and collaborate with us to help Fintech and Crypto companies to improve on digitalized payment within and across Ghana”, he said.

Head of Fintech and operations at the Bank of Ghana, Mr. Kwame Oppong speaking at the event commended the organizers of the DEFI summit and lauded them for acknowledging the critical role the Bank of Ghana plays in the Financial and Economic growth of the economy.

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He further assured them of support from the Bank of Ghana to Fintech and crypto industry players.

“The Bank of Ghana will continue to collaborate with the Fintech industry players to ensure a safe and sustainable regulation”, he assured.

Also speaking at the summit technologist and representative from Polygon, Mr. Shodipo Ayomide spoke about Web3 adding that Web3 was built on a foundation consisting of the core ideas of decentralization.

He also touched on some key benefits of Web3 and what it seeks to achieve.

“The benefits of Web3 is to create job opportunities, that is remotely reconnecting African talents to job within and outside their continents”, he noted.

The country manager for Visa Ms. Adoma Owusu explained some advantages of the use of contactless payment or cards worldwide.

“It is a very fast and reliable way to make payment as it makes it easy to make transactions across the globe wherever one may find him or herself”, she averred.

The DEFI Summit also included a panel discussion where panellists deliberated on how Crypto and Fintech can enlarge their territories across Africa as well as security measures to be put in place to make people trust their brand.

Other sessions of the summit included master class sessions for participants on various topics like Investments, Crypto and Real Estate among others.

Start-up Fintech companies like Deimos, QoreID, Celo, and Hedera among others were allowed to pitch their business ideas to potential investors present at the summit.