During Celo’s debut Celo Connect at the historic La Llotja de Mar held in Barcelona, Spain, on April 4-5, 2022, a high-level discussion was held to discuss the role of local communities in driving the use of crypto for commerce.
In the panel was Michael Keating, Founder in Residence at Celo, Charles Nichols the founder of Nuzo, Gabriela Chang of EthicHub and the panel was moderated by James Downer, Celo Foundation.
In the video below, the panel discusses the role of crypto in accelerating financial inclusion via mobile financial tools provided by crypto, and blockchain.
“In Sub-Saharan Africa today, 8 out of every 10 jobs are created by small business. They contribute 60% of GDP and yet these businesses operate on pen and paper.” Argues Charles Nichols, founder of Nuzo.
Michael Keating, Founder in Residence at Celo, shared the example of Uber marketplace which has created lots of opportunities for its drivers and those in support roles, such as scooter technicians.
However, Charles Nichols argues that Uber’s power structure is centralized hence the reason why drivers have had to protest to force change when they believed the company was ignoring their grievances.
The two-day event featured nearly 100 sessions, over 150 speakers, and included panel discussions, fireside chats, workshops, an immersive NFT experience.