This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

African currencies are being smashed as stablecoins come to the rescue.

Loading player...

Jon Ovadia, CEO of crypto exchange OVEX, walks us through the casualty list of African currencies decimated over the last two years, and how US dollar-backed stablecoins are exploding across the continent.

6 Feb 2024 English South Africa Tech News · Investing

Other recent episodes

Does SA really need another ZAR stablecoin?

Langelihle Nkabinde from EasyEquities explains the role of the new Zaru rand stablecoin and why it’s so important.

19 Mar 19 min

Is Ray Dalio’s bitcoin negativity justified?

Ray Dalio is more hip to gold than bitcoin, which he says has several serious flaws. Not so fast, says macro strategist Shiven Moodley. We’re in the middle of a bear cycle where bitcoin haters love to vent, but cycles always turn.

12 Mar 21 min

Your forex allowance just went up to R2m a year – here’s what you could do

You can now buy $120 000 a year instead of $60 000 without any permissions from the Reserve Bank – and there’s plenty you can do with this, says 80eight CEO Faadil Moti.

5 Mar 14 min

Africa’s next payments leap: Stablecoins on every corner

Stablecoin adoption is moving from niche corridors to street vendors, says Enza Capital's Nzwisisa Chidembo.

24 Feb 19 min

Bitcoin ventures into extreme fear territory – and that’s not a bad thing

Luno’s Christo de Wit says sentiment has plunged, but long-term buyers are circling.

17 Feb 16 min

All episodes