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Crypto is a "story of emerging markets". @FT reporting that Sub-Saharan African (SSA) P2P trading has now overtaken that of North America. So why are emerging markets at the frontier? (1/14)
Reasons include 1) financial accessibility - 37% of Nigeria's population are unbanked. #chainanalysis reporting that Vietnam has the highest adoption worldwide - 2/3 of Vietnam's population are unbanked (2/14)
2) Unpredictable inflation - in Argentina cumulative inflation was >40% in the past 12 months. In Nigeria inflation was ~17% annualized in June. Shoe leather costs are high (3/14)
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