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Base Batches: Building Stablecoin Apps
Recorded: May 1, 2025 Duration: 1:26:18Space Recording
Short Summary
In a recent discussion, industry leaders explored the potential of stablecoin applications in Africa, emphasizing the importance of partnerships, local solutions, and yield generation. The conversation highlighted the growing trend towards innovation in the crypto space, with a focus on enhancing financial inclusion and creating valuable products for the community.
Full Transcription
Thank you. Thank you. Thank you. you jam guys jam everyone GM guys, GM everyone.
I guess you can tell me.
GM Royal, GM Rohingo, GM Ifeolua, thanks for joining the space. We'll start shortly in about three minutes.
Let's have more questions join the space.
Please don't forget to retweet the space so you can get more visibility. Thank you. Thank you. okay
guys please don't forget to retweet the space so we have more persons see what we're doing
more persons see what we're doing.
It is starting right away.
So this is one of the space sessions
in a series of spaces and workshops we are doing
for the base batch Udathon.
And today we are focused on building stablecoin applications
my name is ini i am one of the hosts and with me i have ife i have robinho our speaker and i have
will our speaker as well so they'll be introducing themselves and this space session is sponsored by we are fbi at we are fbi fbi africa so please
do well to give us a like a follow and stay up to date to whatever we are doing and see more value
we are giving out to the web3 community here in africa and niger please, Ife, can you just briefly introduce yourself
or we kickstart everything we do.
Ife Olua
Yeah, BMBM everyone. Please can you hear me?
Yeah, I can hear you sure.
Oh, great, great. Thank you. Yeah, BMBM everyone. My name is Ife Olua. I am the lead at FBI Africa. Basically, we are a community that is intent
on helping out on chain builders and creators in Africa
to build products that are of high value, right?
So I think we have a products problem right now in Africa
and we need to ship more things
that are going to have global,
that are going to have global relevance. So an example of this is
Blockradar and we are so glad to have Morgan here and also have I am not static here too on space
with us. Yeah, so we've been hosting a series of spaces, we hosted one for consumer apps, we hosted
one for mini apps and we're hosting this one for stablecoin applications hosted one for mini apps.
And we're hosting this one for stable coin applications
because we want to make sure that we touch every audit track
for the ongoing base patch period at one, right?
So that's why we're hosting this space.
So if you are a listener here
and so our reputable speakers here,
Ringo and Morgan, thank you so much.
Please make sure to share this space on your timeline
so we can have more people joining to gain the loads
of value that this space is sure to dish out to people.
Yeah, thank you so much, Amy.
Okay, thank you, Fiolua.
Thank you for all you do at FBR Africa.
Ringo, please, can we have a brief introduction from you?
Hi, GM, GM, everyone.
I would have lost to introduce myself first,
but you know what they say, ladies first.
And we're gentlemen in the room.
Come on, guys.
Come on, guys.
So let's allow Morgan to go first first and then I'll go after her.
Is that fine?
Sure.
Morgan, please introduce yourself.
Ladies first.
Thank you for the chivalry.
So hi, everyone.
I'm Morgan.
I'm co-founder and COO at BlockRadar. I'm really excited to be
here and speak to everyone today about stablecoin apps at BlockRadar. We like to power
stablecoin first fintechs and we do that through all infrastructure. I'm really excited to
participate in this base builder-thon because as many of you probably know, I'm ex-Coinbase, ex-Base, and I was able to launch Base on the continent of Africa at the end of 2023, right a month after Base was launched globally.
And so, really excited to just be here and, you know, talk about what everyone's building um yeah thank you
thank you now that morgan has started on a very high note uh hi everyone i'm not ex coinbase or
xbase or x anything but um my name is adiola um i really hate introducing myself because i do a lot of
things and i am a lot of things and it's usually a confusion which one to pick from uh but um
i had the marketing team at um cngn uh the recently licensed naira stablecoin issuing company and i also had the marketing team at
asset chain the blockchain purposely built for real world assets and rwa liquidity
so i think that would be all for introduction for now thank you everyone
okay thank you morgan thank you and thank you robin who for being on the space so we are going
to dive in straight we are building products for the base batches view that on and stable coins is
one of the categories for the buildathon and a lot of persons are wondering what are stable coins
why do we need stable coins we have inera cngn is here so robin ho can we dive in straight and
tell us why we need stable coins and from there we'll continue on building stablecoin apps for base bank viewers
all right thank you so much everyone um it's interesting because um half of what i've done
on my timeline over the last one month has been responding to cng and fud right so uh i know some
of you know the story and people that have been fighting with have been at
loggerheads with you know trying to do why do we even need cng and fud and stuff and
uh everything i've been doing in the last three weeks i've just been responding to their foley
right um everyone in the world is building something around stable coins because
it happens to be the fastest financial rail in the world
right now and i i do not blame them because you know what they say to it to to a carpenter um
everything is a nail right to a diggin or to someone who is um well who is used to receiving
uh grants uh and giveaways in usdc, they will be forced to see stablecoins as a
digital asset. So we all see stablecoins as assets. But the problem is that we need to also
start to see stablecoins as a real, as a financial instrument that we can use to get faster
transactions, instant settlements
and cheaper fees right so once you move from seeing it as a digital asset to a financial
instrument and then it starts to make sense to you right and you start to have more knowledge as to
what you can build with a stable coin right so basically why we need stablecoin or why we need
cngn is that cng is is a faster financial rails is the fastest
rail in the world right now and what my job entails at cngn is to first redefine our bd process
as to uh all of the partners we're talking to all of the blockchains we're talking to
you know cross-border remittance companies imtos you know switch and processing guys um
payment service providers there are about 10
different groups of you know companies we are offering uh usps to and those are the reasons why
you know we need stable coins yeah yeah yeah so over the past few weeks and few months we've
seen a lot of bad rules regarding cnj and and it's good to see that we have a regulated stable coin here in
nigeria i mean i'll get back to a documentation or a a news outlet reports i saw that in cng and
it's really wonderful that we have something legal and properly um approved by the government here
seem legally and properly approved by the government here. Morgan, please, can you just
give us a little brief on why we think we need stablecoins in Africa, in Nigeria, and globally?
Yeah, I think I go a lot with Robin Hood here and the ability to have faster payments, right?
You know, I think there's a, I'm sorry, for people who don't know, I'm American.
And I think that there's a lot of emphasis
around like USD-denominated stable coins
as like the solution.
But I think to Robin Hood's point, right,
there's so much necessity for local stable coins
because one, stable coins are 24 hours, um and you know fiat is not banks
are closed and so i think like you know people need the ability to have access to their cash
in markets like nigeria and across africa more more more quickly and i think about you know
cross-border remittances as a big use case you know, I think today many people still use USDC, USDT, but when CNGN and
other non-USD-denominated stablecoins are more prevalent and there's more liquidity for it,
people will be able to send CNGN from the US directly to Nigeria. And then this will make
people have the ability to withdraw into fiat much faster and much cheaper.
It'll be much cheaper to do FX, but not even FX.
It'll be, I mean, depending on who is processing the transaction to fiat, it could be almost free.
And that's what we've gotten to even in the US when we're converting to USDC.
even in the US when we're converting USD to USDC.
So I think it's really, really important for people to be able to have like cash faster
and to be able to save money when they're looking to do remittances.
And I think remittances is a huge part of the African diaspora and the Nigerian diaspora as well.
So I think it's really important for stable coins to make those flows more efficient.
Because if you think about the cost of sending money abroad or receiving money
from abroad, families lose.
It's the family who spend that extra 6% trying to get that money to buy whatever
it is that they need to buy with that.
And so now with stablecoins, they're able to do that much more efficiently and they're actually getting more money in their pockets to spend. So yeah.
Yeah, thanks so much. I think it's important we need to understand the importance of stablecoins. I want to read a report from Business Day regarding CNGN.
I said CNGN is beneficial for businesses, for pre-car payment settlements,
and it will also help improve financial inclusion.
I think a lot of people don't understand that when you do a transaction within your app,
the money doesn't just move from one location to the other in seconds
it takes a lot of um process um processes before and there's a confirmation of transaction now
the process the timeline it takes for that completion of transactions to take place
is really important and stable coins allow for very quick transactions very very quick transactions looking at a report
that was released recently the um the amount of remittance from foreign companies back to nigeria
or other foreign countries down to nigeria in 2024 to 2025 although um uk was a huge, well I say, took a large share of the market.
And that means we need a lot of utility for stablecoins because it will ease the transfer
of money cross border. And we could see, if we see off-ramp and on-ramp companies or applications come up we
will see more voting when it comes to reputance back to nigeria and i know that that's what's one
of the reasons cng was created and they've been approved and licensed on this call or in this
space we also have no blocks yeah no blocks thanks for joining this
space it's wonderful that i tried out no blocks today using um usdc on base i i wanted to do a
quick off ramp just for something and it took seven seconds a transaction took second seven seconds i was i was shocked that if the ui the whole the
whole process was awesome usually i i make use of um patch cash on solana but today i needed to
offramp some usdc on base and i saw a tweet from satami it was mind-blowing seven seconds the money was in my account i was shocked
like wow this is crazy and these are the utilities of stable coins and stable coin applications
so no blocks thank you for what you're doing and we hope to see more so back to you, Morgan. Just a quick question. What does Blockradar do on the on-chain space? You are the co-founder of Blockradar, xBase, xCoinbase, xUber. I mean, you're doing a whole lot and building a whole lot of tech applications. What does Blockradar do on the on-chain space yeah that's a great question so
at block radar we provide non-custodial wall infrastructure and for people who don't really
understand what that means it's we allow fintechs to be able to process stablecoin payments in its
most simplistic terms right so we power some of the, I don't know,
largest or fastest growing fintechs
across the African ecosystem, like Shiga and RiseVest,
because these guys wanna be able to have the ability
to receive crypto stablecoin payments, right, to enter into their ecosystem.
If you look at like RISE, you know, RISE has nothing to do with crypto.
RISE is very much an organization that wants to help Africans invest in USD-denominated assets.
And so, you know, if you think about their mission, they just want to be able to give their customers the maximum flexibility
and have the least cost exposure to being able to do that and so
you know they now allow their customers to be able to fund their accounts with
USDC and USDT making it much more cost-efficient now right for then them
to go and invest on their behalf.
And so what we do is on the back end, we facilitate that transaction.
So what Rise wants to do is they want to be able to collect those customer funds, right?
And so what we give them is a master wallet to be able to collect those customer funds.
And then those customer funds are then collected and dedicated customer wallets. And so I won't go into too much technicality, but the beauty of what we do is like, you know, a wallet is very straightforward.
You can have a Coinbase wallet, an MS wallet, Phantom wallet, right?
That they allow the ability to do that stablecoin collection.
But where we come in, which is different, is that we now allow, you know, treasury management solutions.
So now businesses can actually collect stablecoins more efficiently and it all happens on on chain right
every single transit transaction is happening on chain and what's also nice is that customers like
rise and other customers who you know don't want to expose you know the crypto or blockchain complexity, we allow them to sponsor their network fees or
to do gasless transactions. And so for us, we're super, super excited to be a part of this space
because I know one big customer we have that is building on base is AZA, right? I think AZA's use case is super
interesting and super cool in that, you know, they're letting people to, they're letting people
send and receive crypto via AI agent and WhatsApp. And, you know, that's just like a perfect pairing
of where the economy is today, right? Everyone's talking about AI, everyone uses WhatsApp,
and everyone's trying to send money
across borders really efficiently. So now you've got AZA here that actually can solve all of the
problems using all of the latest and hottest technologies. So at BlockRadar, just think about
us kind of being that invisible power source that's allowing the stablecoin adoption. I hope
that helps. Let me know if you have any questions.
Yeah, that's really cool.
Yeah.
So during we had an IRL over the weekend, sorry, if you can put on your mic, this is more of a chat.
We had an IRL over the weekend in Abuja on Friday and we were connecting founders and creators and all of that
we were connecting and we had a discussion what if we had I had I brought an idea what if we have an
AI agent that at the end of the month you have a wallet you just put an amount of money you need
or the AI agent tells you the amount of money you need
to sort out all your bills for the month your light bill your data your gas everything and
you just send the total amounts to the ai your wallet and the ai event does all the payments and
everything for you and gives you a notification that all of that is settled i mean this is very possible with stable coins that is what we are saying i mean it's possible but we know it's
quite difficult because people find it difficult to understand stable coins let alone um integrate
it into their businesses and block radar is is making it easy for us all to use stablecoins.
And we'll see a lot more use cases.
And we are here in this space
and we are gonna discuss a lot more of it.
So please do well to retweet the space and bookmark it
so that others can see the space and get along.
Yeah, Ife.
Yeah, yeah, thanks so much iny thank you so much for your answer morgan as far what as to what um block reader does in the unchained space i mean you're
just like the um the guy who is solving problems but not everyone is seeing the exact problems
they are solving like it's not something that is pronounced to everyone but without that structure there without the infrastructure that is being
built at block radar there would be lapses in security lapses in what uh fintechs and
banks can also do in concerning stable coins so um so as what you just mentioned, I see that I noticed that it made a post earlier today and it was an article.
I retweeted it, but for the sake of the rest of us, I'll be sharing it on the space here so we can also check out the article.
It's something that I read and I think can also provide more context as to why stable coins are very important.
I'm sharing it to the space right right now so you can also bookmark
it so you'll be able to yeah you'll be able to check it out yourself and get more insights on
that so um containing buildings double coin applications as we mentioned previously the whole
point of this space is for us to be able to uh get for people participating in the page batch buildathon for them to know what's best to build and how to
build it too. So a few days back, I think it was
university, I just went to Robinho's DM. I'm like,
Robinho, I have this idea and I don't know how best to go
about it. Someone mentioned it and I think I would like to
know what CNJN as a stable coin, what use cases
would be needed. So now as a lot of us may know, but in case you do not know stable coins are also
very important for seamless cross-border payments, right? So I told Robinhood that,
okay, what does CNG really need right now? And he's like, oh yes, CNG would need applications
that will help facilitate better cross-border payments, right?
Well, I asked again, okay, you know what, tell me another use case that can be shipped really fast and we can work with.
And he did tell me something that, okay, you can have our duties do that.
And it made a whole lot of sense.
I took it back to EMI.
I took it back to someone else that I'm working with.
And I'm like, you know what, how about you do this?
And it was great.
So now I want us to still discuss for now on this.
I want us to get to the crooks of this discussion
where we actually discuss solutions and applications
that can be built around stablecoins.
So even though stablecoin is one of the tracks,
I mean, there are still other ways
that we can incorporate other things.
You can incorporate AI, you can incorporate mini apps you can incorporate uh even consumer apps that people
will be able to use i don't think it actually has to be around fintechs and banks only but from a
uh founder perspective from a marketing perspective from a solution oriented perspective
so um to robinho and to morgan we'll be starting for this question
what applications what solutions what ideas do you think that people can build builders can build
for products and applications around stable coins your opinion please all right thank you
all right thank you um so usually i advise people to uh let me be sure am i audible
yeah sure sure you are yeah thank you all right so i like people to start i like us to start from
the known to the unknown right so uh where areas do we find the most adoption of CNG and stable coins in is cross-border transfer, cross-border remittance, like Morgan has said.
So moving money across countries, moving money between, you know, inter-country has been an issue.
And when I say stuff like this, people me of uh they remind me of money point
and opi and and again back to the fudr's right uh we have money point and opay what do we need
cngm for and i'm like mumu do you know that if you do cngn sorry if you do 100k from opa to money point it's true that that transfer occurs
in less than a minute or two but the settlement happens in 24 hours because i have a friend who
works in money points and when i was looking to speak to the money point guys i couldn't go meet
him to do an introduction to me because cng is going to take his job right so if we embed cng in between money point and op yes the transfer happens in less than
a minute but settlement happens in 24 hours and they have a very huge settlement and auditing
company that works sometimes overnight to make sure that you know the books are balanced with CNGN we take out all of that 24 24 hours and settlements can happen in real time right so intra-country payments
cross-border payments are one of the biggest use cases of CNGN other use
cases for example I'll just run through them because of time card issuers
so we're presently embedding CNGN into about 50 million ATM cards at inter switch and one of the USPs of that
Integration is that if you have a CNGN powered
Debit card you can take your card anywhere in the world and pay in Naira and you will settle in whatever bank in USD
because we have some handshake with USDC right so wherever USDC has some reach you take your Naira
card CNGN card to Italy to Kenya to Spain you can spend your Naira you know wherever and the problem
that existed before now is that outside nigeria there was a 250 dollars
uh spending limits uh because the naira is volatile obviously and people do not want to
hold the naira it's usually a t plus three t plus four transaction so that means that if i go to
kenya now and i spend my naira in kenya it will take another four days for that naira to settle
right and they don't want to hold the naira because of our volatility so they said okay you know what let's let's let's let's call this thing as 250
dollars we don't we are not willing to take any more losses with cngn uh that spending limit can
move from 250 to as much as 25 000 because of instant settlements that we provide uh other use
cases are we have use cases in the capital markets.
We have cases where people get their dividends,
there are reversals,
they don't get their dividends on time,
and all of those inefficiencies in the capital markets,
you know, just getting raised with stable coins.
Really the kind of things that we are looking for people
to build, like I told the fair two days ago is if you
build a game you can use cnjn as your in-game currency because it's very hard for people for
you to go from bank to your game and from game to your bank right instead you can go from cnjn
into your game and cnjn out of your game right so in-game currencies uh one of the use cases that we are looking at um we're also looking at uh use
cases like um you know just just basically payments right just help people receive payments collect
payments uh we're looking at solving problems in liquidity as well i remember i spoke to morgan and
static about the fact that people need cng and liquidity
and we're trying to look at how we can solve problems around that finally i would leave with
a story i went to see someone last year last last month he happens to be a mentor right and um and
you know i remember that he said he went to c, so he went to Channel TV to say something about the fact that
forex scarcity was the reason why drugs are expensive in Nigeria, right?
So I went to him to get some more context.
Nigeria imports 90% of his drugs from India.
And right now, the problem that we have is that about 90 percent of these pharmaceutical companies
do not have a way to send money to india because usually the flow is they convert their naira to
usd and then they send usd to india but right now there is no usd right cbn says no usd the bank
says no usd and so there is about a billion naira that is stuck in niger Nigeria that cannot move to India. With CNGN, we can easily do CNGN to USDC, and then USDC drops in rupees, right?
But the problem that I have is that we've not found a provider in India that does very fast rupee settlement, right?
The IS we have now is about 8-12 hours, which is still not good enough, right?
So we're trying to work with so many of our indian partners to find very fast indian
settlement and then we can solve problems for these guys now i said all of that to say this
please do not go from stable coins to problem go from problem to stable coin find the problem
and see if you can use stable coins to solve that problem thank you
damn damn damn thank you so much i mean that's so um insightful like the way you broke
it down for um stable coins generally and the way you broke it down for um what cng offers to i mean
most of us in this space are probably um nigerians or africans so we know like the issues that we
probably also have with um payments and stuff like that.
Thank you so much Robin Hood.
So in the meantime, before Morgan takes the same question, I get us joining this space.
Welcome.
And please, we're imploring you to share this space on your timeline so we can have more people join in to gain from the loads of knowledge and resources we'll be sharing on here.
Yeah.
Also, if you have questions to ask any of our
speakers please stay around um towards the end of the space we leave the mic up on for anyone who
has questions so they can come up and ask particular questions on probably what they want to
build if they have ideas if they want um to refine their ideas and stuff like that. Yeah, let's go back to you, Morgan.
So Morgan, it's the very same question.
What examples, what ideas, what products do you think,
what applications do you think people can build
around stable coins for the base batch buildathon?
Yeah, well, I don't know how I go after Robinhood.
I mean, he hit the nail on the head on so many,
you know, types of use cases that we can see and that you can encourage people to do. But
I think to where he ended, I think is where I'll probably begin. But
start with the problem first, right? Like there are so many infrastructural payments problems,
specifically in Nigeria, but across the African continent.
And so, you know, if you try to build something without the problem, then who's going to use
the product?
But I think at Blockradar, we've been quite fortunate because we support fintechs and
we support fintechs across every size.
We've seen a whole bunch of use cases that are really interesting that people are,
you know, cooking up and trying to build on. And, you know, one that we just most recently had was
someone who wants to be able to do POS payments with stable coins, right? Now, obviously, that's
probably too complicated to build for the base batch. But it is one of these things where,
you know, people really struggle to be able to use payments, to be able to come into Nigeria and use Apple Pay and different sort of other payment methods and successfully be able to use them on the continent.
And the same is true also leaving, you know, the continent and trying to use your, you know, cards abroad.
So it was really interesting, this POS idea he was building on stable coins
for that use case. I think other use cases, you know, that are interesting are things that
happen in the background that people don't really think about, right? Like if you think about
payroll, right? We have one perspective who is trying to solve that, right? And the way that they're
trying to solve that is they want to allow their customers to be able to receive their funds in
stablecoin and USDC, USDT. And that's because people want to be able to hold the same value of
what they're getting paid in, right? So then now they have the ability to withdraw their earnings
from whatever international employer or international clients, and they can do that now,
you know, and not have to lose on the exchange rate. And I think, you know, that's one of the
things that Robinhood also mentioned is like, you know, just the loss on the FX trying to do that.
So being able to more effectively get those cash flows in on stablecoin is the way to do
it. And if you do those, you know, cash flows CNGN to USDC or USDC to do CNGN, it's a much
cheaper transaction than trying to do that USDC to Naira or vice versa. I think the use case that is really taking off these days is what
Shiga's doing. Shiga's just simply providing fiat on and off ramps, because I think that's
super important. Nigeria notoriously has been one of the top five countries in the last five years
with stablecoin adoption. So that means everyone, not everyone, but almost
everyone, you know, has heard of stablecoins and a lot of people have them, right? But it becomes
really costly and time intensive to be able to, you know, liquidate that and pay for things real
time. And so what Suga has built in terms of being able to just allow people to on and off
ramp to virtual account is something that's pretty game changing.
And, you know, people on my team use the product themselves to on and off ramp out of Sablecoin.
So I think like when when builders are thinking about what to build for the build-a-thon or the base build-a-thon,
I think it's really about what what problem do you consistently feel every day
in your payment experience or in your money experience that you can solve with stable coins,
right? And I think if you start there, you unlock such a big problem where customers are knocking
at your door. And I think that's what Abdul did when he first started building BlockRadar.
He saw this huge need that people wanted and needed to be able to accept stable coins.
And the floodgates opened up like immediately.
Like, you know, it wasn't like he built something like, oh, I think this would be a good idea.
He built something that was like, you know, critically challenging for him as a builder, for him as someone working in payments.
And then he was like, you know what, I'm going to solve that with this particular solution
of BlockRadar.
So that's what I really would just encourage builders to do
is like, where do I suffer?
Do I suffer with everyday payments?
And how can I build something on CNGN?
Or do I suffer with like sending money
or receiving money abroad?
How can I build on X, Y, and Z stable coins?
So I think that's it.
Yeah, thanks Morgan. can I build on X, Y, and Z stablecoins? So I think that's it. Yeah.
Yeah, thanks, Morgan.
The use cases for stablecoins is a misinvest.
We have a whole lot of use cases for stablecoins.
I saw a research report about a week ago that stated that if you want to send 200 dollars from Kenya to
Uganda, you pay about 40 something dollars in fees.
It was weird because some persons will see that kind of report and think it's a lie or
those figures are just fabricated, it's actually reality and that transaction
that crossword that transaction will not happen immediately it could take maybe a day some could
take so many hours some it could happen the next day i mean crypto and stable coins make it easy
it's almost instant i mean i remitted from my metamask wallet to my first bank or my opay account
today in seven seconds using no blocks i mean i didn't even use no blocks before i just um
saw it and based on sadami's recommendation and i just opened the tab and left it there
so i don't forget and i tried it out and in seven seconds i got my cash i mean we have a whole lot of use cases like this for stable
coins both for the buildathon and post buildathon in fact the buildathon is just a platform for
startups to scale get incubated get funded get, and maybe get their first set of users
or testers for their products.
And it also helps startups build in public
where they are advised, they are criticized,
and they review their products
to become product market fits in the best way.
So beyond the Builder build account let me give another
very important instance when you travel out of nigeria with your naira card we have
some cards that have limits of 20 per month i mean i don't know what since they're supposed
to do for us when it comes to online, when it comes to subscription per month. That is a serious limitation for people who do
cross-border payments. That's a serious limitation for people who do e-commerce,
imports, and exports goods. I mean, we have a lot of persons who take part in who their
businesses are FMCG, fast- fast moving goods and services why do you
tell me that i have to wait for 24 hours or for a few days before i get my transaction concluded
with the integration of um card payments by cngn i'm sure we'll see a lot of
improvements when it comes to cross-border payments
improvements when it comes to cross-border payments
yeah if as as we discussed the other time another use case of of stablecoin in this case
cngl would be a gaming app that gives stablecoin as a reward i mean mean, if I bet, if I usually make betting and do betting and all of that,
I mean, I could take out my earnings from the gaming platform
and just transfer straight to the betting platform and place a bet on the match.
And then who knows?
I mean, it's easy when the money is moving all around.
I mean, it's easy when the money is moving all around.
We could also have platforms or applications
that allow us to pay for subscriptions
like the Twitter subscription, premium subscription,
hotel bookings online, and a whole lot.
Recently, I came across an application,
a healthcare application cliff here that allows
you to pay for tests healthcare tests diagnostic tests before going to the hospital you make your
bookings online if you could have platforms like that integrate cngn payments and stablecoin payments i mean we could have quick payments and yeah
yeah um as emi said i think i'm also of the opinion that we could also think
further than the buildathon so the beautiful is just like like a program to serve as where builders can come in and build whatever idea they're having, right?
But if we notice, this is like one of a kind where there's going to be an incubation program right after.
So, the incubation program basically means that those products aren't just ending as quote-unquote projects where you just come, you build what you want to build, you win the hack akathon money and you move on with your life right
for this one it's it's built in such a way that after you become one of the winners you are also
going to get support you're also going to get resources you're going to get visibility you're
going to get support from coinbase from bees in order for you to be able to scale your projects
so yeah i i think like we could also think from that perspective like
asides asides this beautiful aside what people can build within uh the number of these lefts
like what what else can we also like work on to make sure that this is um this is something that
people understand very well that this is what stable coins are used for this is what um use
case you can get from them so um if you're just joining this place welcome and i think very soon we'll be going to the question and answer
session so if you have questions for any of our speakers please you can start requesting for the
microphone do you want to say something i think one use case that just came to mind right now
is that we're what we look for people who can build around yield-bearing stablecoins
right uh because one of the promises that we gave to the cbn and to sec before we got our license
was that this was going to be a very huge financial inclusion too right so recently we're about to
start working with azar to um you know give them yield, but that's just between CNG and AZA.
It's not something very, very efficient. We would need people to come around to build
yield-bearing stablecoins, CNG and stablecoins, just the same way mounting protocol has done for
USDM, right? Something very efficient, something that works, something that you can put in the hands of you know financially excluded and
That works for them where they receive yield every day, right?
So you'd be able to put stable coins are something that we
Very big one and we wouldn't do that. Oh, you can solve problems around that and
then again, we wouldn't need people who can iterate around helping you know financially
excluded folks or CNGN we have situations now where with no blocks with with AZA you can move
from Nigeria to Ghana or to Kenya or to South Africa you know hold your CNGN and use your CNGN
to pay for goods and services in these
countries. And then we hope that as these companies expand beyond Nigeria, you know, without all of
these cases sorted out, but we really are looking forward to someone building something around
the yield bearing stable coins.
Okay, okay, this is great. So I guess like, you probably have to also give an actual statement
for that's probably take out a tweet or something that people will be able to see out and you
know that CNG is also looking for people who can build a yield applications, right? So
we wouldn't want to spend so much time
because Morgan will have to leave pretty soon.
So I'm guessing they may go
would have questions for our speakers
or they will also have like other use cases
they would like to discuss about
or want us to talk about.
So if you fall inside any of these categories
or you just have any other thing to say
that is centered around one, stablecoin applications or the base batch buildathon, please request for the mic and
we'll grant you access and yeah, you'll be able to come up and say whatever you have
in mind.
In the meantime, Morgan, I don't know if you have any other things to say generally for
builders.
No, I was just going to say generally for viewed as?
No, I was just gonna say, I can probably hang out for another 12 minutes,
but I wanted to tell a story.
I think this story goes to,
it goes back to one of the points that someone made earlier
about having to send money,
trying to spend money when you leave the continent.
So it was a token,
it was token here in Singapore.
I'm based in Singapore.
And some of the guys from GAMIC came for the conference.
And, you know, obviously these guys have like
all of the crypto means, all the stable coin means,
but some of the cards weren't working, right?
That they had when they came here. So I was trying to help them get cash.
And the thing was is that, like, I lost my debit card in Singapore.
So I have this Singapore debit card.
I lost my debit card a year and a half ago.
I don't know where my debit card is.
I haven't seen it in a year and a half.
But I've been able to actually do everything I need to do with my debit card through Apple Pay
because the systems are, like like very efficient here, right?
More efficient than home in the US.
And so I was like, okay, I wanna help you with getting cash
but I don't have my local debit card.
So I get one of my US debit cards
to try to help them get cash.
And because I've never used my US debit card
here in Singapore, the machine ate
my debit card. So then we were both out of money. Like, you know, he had sent me some USDC
so that I could try to transfer this transaction for him. And it was just like this whole big
ordeal and mess to try to be able to just buy something simple, like just buy something simple here,
when he was traveling abroad. So like, I just just fervently want, you know, builders to really
think about like problems they experience every day, whether, you know, whether it's like how
they're living every day, or whether it's how they travel or when they're doing business,
right, especially since we're talking to a lot of builders you know a lot of builders have to travel out right for different conferences
and these sort of things and so please just start building stuff that that solves the solution
because you know it just becomes a ripple effect right and and then it's it's really hard to do
this sort of thing so that that was the only story i was going to tell because i thought it was just
a funny one because i know that we had mentioned that earlier.
Yeah. I don't know if y'all can't hear me.
I just want to take us a bit backward to Robin Ho.
Robin Ho, you talked about liquidity, regarding stablecoin being an advantage when
it comes to providing liquidity. Please, can you just explain that just a little before
we take the question and answer session? No, I was just talking about helping founders in the room figure out what to build.
And the thing is there are different things to stablecoins, right?
So people who are going to build stablecoin solutions sometimes
are going to need stablecoin liquidity.
So, for example, there is a card provider we're talking to.
I know they used to use Mansa for their usd liquidity but not that
they're embedding stable coins they're going to need someone with cngm liquidity you know to use
that liquidity so i was just saying that what you guys need to do is you guys need to look at the
entire spectrum of problems that stable coins can solve right and look at where you can solve a problem liquidity
being one of them yeah okay okay so when you talk about you'd be hearing stable coins okay
do you mean stable coins that people can hold on to or hold or provide um molicy collateral and then
and then they earn yield on from whoever loans their stablecoin for a period of time.
So it's it's so after chain is launching their stablecoins in about their CNGN in about three
months and it's going to be a yield bearing stablecoin right but that's just one blockchain
or one company you know launching a yield-bearing stablecoin
and the idea is you're holding a million naira right in your traditional bank account
and if you leave that money for a year you come back and it's 999k you know what i'm talking about
but we want to move to a situation where you can move that money to your CNGN and just for holding CNGN, you're earning 24%, 20% every single day.
And that accumulates up to 20% for the rest of the year just for holding CNGN on whatever blockchain it is.
So it's not like you're locking your money in some lending and borrowing protocol. You're not locking your money anywhere.
Just holding it in your wallet and you're earning yield every single day and i'd like to add to this point that robin hood just made is that you know when someone can help
solve this for for him then this is something actually we too like at block radar can help
power and and get in the hands of more users, right? Because like he said, you know,
Aza will be able to do something like this.
And when they figure out how to do this at scale,
then anyone who's using any stable coin powered FinTech
that's under Blockradar will be able to also
get that yield as well.
So like we are very bullish on CNG
and figuring out how to do that at scale, because
we definitely want to be able to help support them getting that out into consumers' hands.
Awesome. Awesome. Awesome. That's really awesome nine error and now then it's eight naira so it's it keeps going down and instead we
earning yield on uh on our holdings it's it's awesome i mean that's the real use case for
difi yeah so we'll be smoothly moving over to the question and answer um session
if you have any questions please just identify so we let you speak we have on this call some
wonderful speakers who have worked with and collaborated with over this um the course
of executing our base badge build-a-thon series we Sadami, we have Ekessin of Biz Enubu.
Sadami is the lead for Biz in Africa and is doing a lot for Biz in Africa. We also have
Kala God who was on our space about two weeks ago. Thank you all for joining this space.
We also have Blockrida here in the room.
Thank you Blockrida for being present.
Yeah, so if you have any question to ask,
so our speakers can go off as soon as possible.
Please just let us know and we'll let you speak immediately.
Yeah, in the meantime, while expecting questions, if you also have contributions generally to this, please feel free to request for the mic.
Then also, if you're not following FBA Africa, please do so.
We are trying to make sure that every builder has enough resources, enough knowledge that they need to be able to participate in the base batch buildathon properly and also ship and build our next killer engine app.
So for today, we're just focusing on stablecoin apps. I think the next one we should be having is AI because we've gone through consumer apps. We invited the founder of Gaming for that. Invited some other reputable speakers,
people who have built actual stuff and know their onions.
Then we've gone through mini apps.
We went live for that one where we actually did live coding.
Invited someone who was going to put us through all of that
and also shared ideas for what people could build as mini apps
for the base batch build-out.
So for this one, it's for stable-grade applications.
We invited Robin Ho, Robin Ho, the head of marketing at CNGN, and also Morgan, co-founder
at Blockradar.
Yeah, thank you so much all for joining in.
Someone is requesting for the mic now.
Like now, just let me add Sadami up.
Just let me add Sadami up.
Eini, please can you help me to add Sadami?
And I don't think it's working over here.
Okay, I've done that.
Sadami needs to accept.
Great, great.
Okay, I think it's up now. he's up now okay yeah so let me over
to you so please i actually want to ask the question um i'm i'm i'm not here to contribute
but like uh it's it's actually so awesome to see um everyone here um morgan robin review the block radar account um abdul uh and no block cng and like it's it's
the convergence is actually hot and so i actually want to throw this out for
people here that might not actually think about that but and also put that can that can maybe
later i'll be listening to this recording so this the simple question is through the speakers and the guys that i've
mentioned um and also anyone that also wants to like um speak on this what's what's tablecoin
problem or what so the question is one but it has two faces the first face is what stablecoin
products do you think we should be building for Nigeria or let me say for Africa
right now? That's like 1A. Then the part B of that question is, so it's going to be a stablecoin
product or what problem or problems do you think stablecoins can solve in Nigeria or Africa right
now? So to recap, 1A is what stablecoin products do you think
build-out should be building for africa right now or what problems do you think stablecoins
should be solving right now in nigeria or let me say africa at large like i would just love for
you guys to like share your opinion like just pretty simple in that I think that stablecoin should be
shot solving for mass adoption all right like I think like the industry is
over indexed for way too long on like very DeFi or like crypto native type experiences, but where you can actually have
like everyday users like feel crypto or stable coins to feel like fiat, whether it's CNGN or
whatever USDC, I think that really is the solution. And I think one good example would be like having a neobank, right,
that allows people to have exposure to not just Naira,
but to USD bank accounts or euro bank accounts.
And what they could do in offering this sort of thing is being able to allow customers to on ramp in fiat.
And then like they could do some treasury flows on the back end that is actually now powering the ability to have those, you know, those other currency denominated bank accounts.
And like people don't even know that crypto is
powering it. They don't, they have, they have no clue, but now they're getting more access,
right? They're getting more abilities to safely save or getting more exposure to other currencies
that they might want to hold, diversify, you know, their, their, their income and their savings.
And so I think to me, like the, the best use cases are where, you know, stablecoin, they're like silently working in the background, but it's actually being driven by adoption.
Like people don't even know that they're adopting stablecoins because it's essentially working seamlessly in the background and people are starting to get more instead of less.
So that's what I'll say.
Pleasant stuff.
And I'm grateful you went first because I will just pick two things from what
you said. On the side of CNG, there's a little context because we were not planning for mass
adoption in the next one year. The reason why is obviously there are several players in our fintech industry
and our banking industry that we do not want to watch right so there are campaigns that we can go
on right now and everyone is going to prefer holding cng and on azar because they are ending
yields to holding money in the agitb and then once one or two big bans are out what you just find is they start
to make moves what those boys what so we're trying to play safe because I get
a lot of calls and requests oh why can't we do this why can't we do that and I
need to explain that for us it's just poco a poco right little by little and
then I'm going to end with your your last points morgan that what we
want to do is to embed we built cngn basically not for individuals to hold because when people
come and they start saying oh what are you guys doing i'm like bro we didn't build this shit for
you even though you are going to use it it's not for you we built cngn to solve complex financial
inefficiencies in our financial system right so nibs need need CNGN, banks need CNGN, fintechs need CNGN, payment service providers need CNGN,
the capital market needs CNGN, those are the places we want to integrate CNGN in such fashion that the
users of these platforms do not even know they are using CNGN right it's just very crisp very
swift and very fast and they get their problems of without knowing that they are using CNGM
That's like our focus in the next one or two years and then once we get
PMF or so to say then we can then go with our retail drive and get everyone using CNGM
Basically, so yeah
Yeah, thanks for being here and thanks um organ thanks dami for that question because um i just
thought about this as well imagine um we have zenith bank using cng and they are earning yield
on their cng and they are holding and they use for their transactions let's say they earn they earn five percent annually let's
let's just say they earn five percent annually and if they give the public post okay earn three
percent on your cngn holdings or come and invest and earn three percent or whatever i mean people
would do it knowing that it's stable coins and they can easily use it for whatever
they want to use it.
There's a level of trust knowing that this stable coin is approved by the government
and it's legal.
It's awesome.
Like you mentioned that you don't want to hurt some major players and that's the truth.
And I think that's where you should have third party integration, third party developers,
and a lot of persons do this third
party application. So it's not on your head that you hear. Let me not say it in. But yeah,
there's a lot we can do. And like Sadami asked, I would say one of the major use cases for
stablecoins here in Nigeria is cheap fees. and another one is having a wider spending limits when
you leave Nigeria. I mean there's no reason why you should tell me I have a thousand dollars
in my card but I can only use twenty dollars monthly and it sounds somehow already twenty
dollars is about 35k I mean that should not solve a lot of problems for anyone so if we
have integrations like card integration partnerships and collaborations like robin who mentioned
that they are working on we would have a lot of progress when it comes to having a
wider spending limits outside nigeria and i'm sure that's cool so sadami i don't know if um we are able to answer
your question in a good way yes yes yes you answered but like i just want more people to
actually come up and speak up um um because like i want this to be very very i'm so sorry i i i
actually just jumped in this but like i want it to be very very um um conversational because like apart from just what
we know so i actually love what yes both rob you and morgan said so morgan mentioned a new bank
we actually already have that it's called hurupee uh i think they've done uh around like three
million plus can you very very similar post their link in the chat so that you can get to see them
million plus very very similar post their link in the chat so that you can get to see them
yeah sure i'll tag them right now um so yes that's that's actually very very very good
use um but i also love what robu said as well um users are then having cng and you have 10
on it fine but like i'll just love us like really we are here for stablecoin right and
like we are here to actually look at what we can do with stablecoin so like if people have ideas to that they think
other people can build out this is your time to actually come up and just speak up um you can also
like these guys on the call are speakers they are like people that have that are currently in the
arena battling out stuff battling out regulations with the nigerian government battling out how to find
pmf battling out how to speak um how to how to how to advance stable coins like in the continent so
if you are building something around stable coins or you have an idea around stable coins
this is the time to actually just come up and speak up speak it talk about your ideas they'll
hear it and they'll like help you refine it in real time. And then you can just get much value from all of this.
Yeah, Emi, thank you. You can take it.
Okay. Okay. We have Ayo.
Yeah, thank you so much.
Yeah, Ayo mentioned in the chat box that we would like to pitch an idea of what is building.
So we added him up as a speaker. So Ayo, you have the floor. Please go ahead.
Hi, everyone.
Thank you, Emi.
Thank you, Ife.
Okay, to what I'm building.
So it's very simple.
Like, you could go to Yara.cash.
Yara.cash is, like, our first forward, like, like forward facing product, right?
So before now context, I used to work at BuyCoins.
So before now we had like,
we had built like a bunch of products to help.
And these were like unscalable in the sense
that we were talking to each of the people involved.
So we noticed like people struggle to pay people abroad
and or struggle to pay like for,
like get paid on invoices.
So obviously there are a number of ways
to move the money around with stable coins.
That's why like everybody's first idea is usually,
oh, do something that increases, like, spend limits abroad, or essentially,
like, allow people, like, that want to trade stocks to pay on-chain with stable coins,
blah, blah, blah, those type of things, right?
So, anyway, what we are building at Yara is one of the things you could do around West
Africa, right?
So, essentially, we use stable coins as the rails, like everybody else does as the rails underneath
to enable like real world payments in like say,
ATH payments and SWIFT payments,
which is why like our core cost clientele before now,
we're like individuals like doing like world trade in quotes.
Right?
So you could try out the forward facing app it's a simple like
off ramp um um app um you they also like options to try out like the on ramp like say you want to
from outside the country outside nigeria that is right so um you can try the forward facing app
there's also like a frame on webcast if that if that's your theme. Yeah, and yeah, that's most of what.
I think like the fun bits of Yara,
you'll find out while using them,
which is why I'm being slightly vague, right?
So like, I can't say the normal things,
but I think the fun bits is,
you'll find out while using it, yeah.
And that's all for me.
And that's all from me.
Thank you again for the floor.
Thank you again for the floor.
Yeah, this is really cool.
I, well done with what you're building at Yara.
I would like to ask you one question though.
Are you building this for the base batch buildathon?
If you aren't, I think you should,
but let me have you answer the question first.
Are you building this as part of your...
Go ahead.
You know what they say about lightning,
not striking twice in a position, right?
So this is the second or third time I've heard this question.
So yes, we are adding a feature.
I don't know.
I can't say a lot.
But yeah, we're adding a fun feature
for the base batch build-a-thon.
Because like I said, over the past week, I've gotten three people.
Hey, you should try it. You should try the base build-a-thon.
It'll be fun.
And I was supposed to go for the thing in Abuja because I was in Abuja at the time.
But my flight to the next place I was going to was not going to help me, allow me to do it.
So yeah, that's why I missed that out.
Oh, great, great great great great well done well done with that uh just in case you need any uh answer or help
you're free to like ask any of our speakers here and get probably further ideas or stuff like that
or stuff like that.
Yeah, let's have a kiss in here.
Okay, GM everyone.
All right, BM everyone.
Good evening.
The hosts, Amini, Ifeolua, Robin,
Hosa, Dami, Morgan,
Ayo, Selenstein, CNG,
FBI Africa,
Lanel, Jibe, I am not static,
BM2, I can't mention everybody's names,
but then I have two questions regarding this CNE, I can't mention everybody's names, but then
I have two questions regarding this C&G.
So my first question was already answered, but I wanted to ask about
your plans for retailers, but then you said
you guys are waiting to get BMF,
then you guys can now disrupt the market and the industry.
I'm stoked for it.
So that was my first question, because when you were saying about
solving complex financial
structure, I wanted to point out that retail is also part of the market and for your product
to do very well, you need retailers to be using it to market it by themselves for you.
So my question has already been answered with you saying you guys are waiting a little bit.
So my second question is, I know that stable is actually backed up by a reserve so I want to um who else to know which this
CNG which reserve is it backed by and then it does it have a total supply I would love to I'm not sure. Am I audible, guys?
Yeah, you are.
Yeah, sure you are. Go ahead.
I'm not sure if I'm allowed to say this in public, but I guess so. So, Ari is backed by Sterling Bank, Fezbank, and then recently Titan Bank.
If you go to our website, our last study reports came out two
days ago right if you go to our website you'll be able to get access to you know our audits
our audit reports um yeah that's that on your question 100 uh i'm always for the supply so we
have again i'm not sure if this should be public but
i think it's fine so we have two billion in uh as our initial uh reserve bank but our
circulating supply right now stands around 151 million on chain value that people are holding and using. Okay. Okay, thank you.
I don't know, Robin, I don't know if I'm supposed to ask this.
I want to ask the initial, but let me just ask, since you're just talking about some
things that are detailed.
Can someone just have, how can someone get CNG?
Very easy.
You can get CNG on Busha. You can get engine on bushah you can get cng on redax i'm not sure pcrists has um has
done cng on ramp i think they just have cng off ramp uh but we are building we're working so hard
with so many other on-ramp of ramp companies like as a on board um, Bitmama, OBX.
We have about 15 on-ramp of-ramp companies
that we want to close in the next one month.
But right now we have Bouchard, we have Credax,
and then we have Paycrest of Ramp.
Okay, so...
We also have internal liquidity providers
that can exchange CNGN for naira with you
you know manually until we get on our own ramp of front partners you know embedding cng and i do not
know why it takes so much time for these guys to you know to get on board for qdx it took like about
three months for bush it took like under three months i'm not sure why this thing takes so much
time but hopefully in the
next two three weeks we should have on board beat mama all of these other guys you know with cng
okay awesome that's really awesome and i'm sure we'll have a lot of places to um trade and exchange
cng and with time just one final question from my side for um i mean we ask for more questions
because it's already over and up if someone is building for this build at
time is there a way we can have test cng and tokens for the build at home
um yes let's test cng tokens um but uh we we are supposed to have an official partnership with BASE for the BASE batches.
But we've had some reasons why that could not go out.
But we're hoping that in the next couple of days we're done with OREVA is blocking the partnership.
And by Monday or Tuesday, Dami is here.
Dami can see to it that that partnership scales and goes out.
And then you can reach out to Dami.
Dami would give you access to DevRel guys
and they'll give you, you know,
testnet, CNGN, you know, for however you want it.
But very soon we're walking around the clock
to make sure that we seal off the official partnership
and then we can get all of those testnet tokens to you,
Esap.
Okay, okay, that's perfect, that's perfect.
So if anyone is building for the base batch builder
don't use and you need stablecoin, testnet tokens,
there's CNG and testnet tokens.
And you can reach out to Sadami.
And we hope it happens, the proper collaboration
announcement goes out soon.
I can still see Ekeson and Io, your hands are up.
I don't know if you want to ask a question or say something
okay i think it's a glitch my hands are not okay okay okay hi your hands are up yeah same here
same here my hands are not gone okay i don't know if you have more questions so that we can
get to the close of this space we are just taking questions right now also very important if you've not followed fbi africa please kindly follow our handle we are fbi africa so that we can um you can
get up to um up to you can get updated with our latest post and information. We should have our next space soon.
And I'm sure before the end of, towards, or towards the middle of the Buildathon,
we'll have an AMA space session where any builder can ask questions
to resourceful individuals like Sadami,
questions regarding the Buildathon submissions, how to win how to come out tops how to
get the best out of the base batch pew that we will have that as well but that's those
announcements will be made public on we are api africa so please do well to follow our handle
and always retweet whatever post we make so that others can see it.
We don't see any hand again on the call.
So, I think.
Yeah, Inie, please let me mention a few more things.
Yeah, I think Inie forgot to mention this,
but we are, the next one, the next space,
or it could also be a live session,
depending on how best we want to tackle the track is going to
be on AI, right? So we know that's like the incorporation of artificial intelligence into
the web3 space from, I think it was late last year, something that has been very phenomenal,
like everywhere all around AI agents do this for me, AI, Clisa deploy this token for me, launch that.
to this for me ai um please deploy this token for me launch that now the thing is i strongly believe
that it should even be more than that i know there are other um applications that we've also been
using ai for right so what we are going to do is we're going to find like um key industry leaders
key opinion leaders in the one unchained space they may not necessarily be from base, but they already know what they're building around AI.
And we invite them to come on, speak to us,
like share their knowledge, share whatever ideas they have.
And yeah, if you also want speech,
you can also come on the speech
wherever you're building around AI.
We also have one that we are planning to for marketing,
but I think we should do that
to be close to the end of the build-a-thon.
So when it's time for incubation for the winners
and for also people who continue building
of which we are all encouraged to continue building
even after the build-a-thon.
So we'll be able to like talk about
how best you can market your products
and take it on to um which pmf products markets
fits for it to be for you to get more visibility for you to um get your a very good gtm strategy
and stuff like that right so yeah of course it's not just limited to this we are still going to
try to help every builder every creator in the base ecosystem especially from africa i mean the
in the base ecosystem, especially from Africa.
I mean, the community is ever Africa.
Yeah, so I doubt we have any other person
who is willing to have questions now.
Last call, any questions, any further contributions?
Sadami, I don't know if you have any other thing to say.
Nothing, thank you so much for doing this.
And thanks to our speaker for coming. Thanks for taking your time out to actually do this. And hoping we actually do something around this like much, much bigger. I'm actually looking forward to the marketing one so we can help a lot of people that are building on base like the GTM and things concerning just growing and distribution.
For the AI track, we can actually get a few folks
that are actually doing stuff around AI,
like Liquid and like other guys.
But yeah, thank you so much for doing this.
Yeah, thank you so much, Dami,
for all of your encouragement and help.
So we're just going to go track back to our speakers of which we really appreciate them.
Thank you so much, Morgan and Robin Hood.
Yeah, let me start with Morgan.
As Robin Hood has been saying, ladies first, Morgan, please, do you have any last words for us before we wrap up this space?
this. No, I just want to thank you for inviting me here, and I'm really excited for what everyone's
No, I just want to thank you for inviting me here.
building on base. Dami will tell you I used to, you know, help support some of these earlier day
base build-a-thons, and I got the pleasure to look through a lot of the projects that were
coming through, and so I'm, you know so now that I'm on the other side here,
I'm just happy that people are wanting to continuously build
stablecoin powered solutions.
And so yeah, thanks, thanks everyone.
Okay, thank you so much, Morgan,
for accepting our invites and also staying
for this amount of time Morgan did
mention that she wasn't going to stay for this long because she had other engagements but
thank you so much for clearing um i just want to reiterate
a few talking points uh about you know building on stable coins so i want you guys to think about
moving from problem to building or solving those problems
with stable coins a big example is that there's no room right now who i'm not going to mention
his name but is building a very important solution with stable coins and you would not know he's
building something stable coins right so he's building an application that allows you to import
stuff from china on whatsapp right so you go on WhatsApp app, you can go through all the items in store, imports directly from
the manufacturers, and then all of the payments between you and his app and between him and
his manufacturers happen in real time with stable coins right um so we're looking to people who can you know think uh you know research
problem spaces that can be built with stable coins and we're looking to give you all the supports
uh that you might need thank you so much everyone for listening to me thanks for your time
thanks thanks robin ho and thanks morgan thanks Sadami. Thanks Eksin for all speaking.
Just to make this clear,
Morgan is ex-base, ex-coinbase,
and she's doing a lot of good work with Blockradar HQ.
I can also see, okay, he's out of the call.
I can also, I also saw the chief chief build out pay crest on this call as
well um robin ho is of asset chain is in the marketing lead at asset chain and cng and i got
to know robin ho last year when we had a space session on asset chain and then i knew oh this
guy is good he knows he knows his stuff and he knows what Web3
and blockchain technology is really all about.
Thanks for contributing to this space.
And thanks, Ife, for being present.
Ife is doing a lot of work with FBI Africa,
breaking under FBI generally and creating FBI Africa
to see how we can give visibility to products and projects from Africa spinning out of Africa so we are hoping to give visibility
to projects building for baseballs and beyond while also giving access to resources linking
of founders and doing a whole lot more of this so thank you all for being
present thank you for la i see you on the call thanks for being present for life building products
and he was in our one of our series last week thank you johnnyx thank you good news thank you
toby thank you uti thank you abubaka Thanks, Tech with Mide. I think we connected at IRL in Abuja. Thank you, Olu, Jimmy. Thank you, Life of Daniel. Thank you, Sebastian. And thank you, CNGN for being present.
and defy boy and i am not static.it thank you all for being present thank you michael upay
yeah michael is one of my is my tech lead for one of the projects we are building for the
build that one and i'm sure we will talk and speak a lot during our next space session
when we're talking about ai products yeah thanks michael for joining thank you all for speaking
for joining contributing and all for speaking for joining
contributing and hope to see you at our next this session bye for now If not, then they're dispersed.
