Hello and warm welcome to my Crypto Africa series post.
Crypto Africa is the name I choose for my post of Blockchain technology and Cryptocurrency adoption across Africa.
On today's edition, I write about Funding being a problem to blockchain startups in Africa.
Blockchain FinTechs are massively on the rise in Africa. Why funding has not been a problem for many, some are tied down to lack of funds to execute their projects.
The biggest challenge for these startups is connecting with investors who might be interested in their projects. Many innovators have no means of connecting with foreign investors and as such, they have to settle for local investors.
Again, with most African governments standing against Cryptocurrencies, local investors are wary about investing in such start ups.
The way forward
Initial Coin Offering (ICO) has proven to be an efficient means by which blockchain companies raise funds to execute their projects and this idea has been embraced by some blockchain FinTechs in Africa.
In Africa, ICOs helps to break the barrier to funding and crypto startups could see the light at the end of the tunnel.
Thank you for your time!
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