The post Africa’s Crypto Boom: Insights from Cape Town Gathering appeared on BitcoinEthereumNews.com.

Crypto Fest 2023 blasted into Cape Town, celebrating the next evolution of digital assets and locally built solutions. International headlines may be applauding the fall of some of the first crypto superstars, but a strong attendance at Africa’s premier crypto industry meetup demonstrates that digital solutions can still make a meaningful, positive difference on the continent. Crypto Fest 2023 invited Web3 enthusiasts to experience Cryptopia at Cape Town’s exclusive Cabo Beach Club and hundreds answered the call, a testament to the resilience of the community that is facing a harsh reality. Hannes Wessels, General Manager of Southern and Francophone Africa at Binance – the Title Sponsor of Crypto Fest 2023 – reiterated the role of blockchain as a tool for innovation in the event’s opening keynote. He also didn’t shy away from the news circling the company and former global CEO Changpeng Zhao. “I know as much as you do, which is what we have all read in the news,” admitted Wessels before explaining that he cannot engage on topics about the international company, only the local Binance operations. Business as usual It’s still business as usual in Africa and, judging by the quality of the solutions presented in the African Web 3.0 Pitchfest, business is booming. The startup pitching competition was hosted in partnership with CV VC, NODO and MZANSI WEB3 ICP.HUB SA. Paie impressed the judges enough with a fully formed user-friendly app for accessing global financial services and walked home with the top honours sponsored by NODO. The service is designed to make it easy for everyone, everywhere, to hold global assets and build wealth. With the Paie app you can easily access global currencies through fiat-backed stablecoins, earn interest and grow your savings. Innovations like this are in line with the Crypto Fest mission of creating…

---

Filed under: News - @ November 29, 2023 4:18 am