Bitcoin is for billions: Fedimint on scaling BTC in the Global South
Community Custody Protocol, Fedimint wants to expand the Bitcoin network to one billion users located in Southern countries.
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“Bitcoin is for billions, not billionaires,” a phrase first coined by investment researcher Lyn Alden, may soon become a reality, according to Fedimint.
The protocol that aims to scale Bitcoin (BTC) while making it more private was backed by a $4.2 million funding round for the Fedi app.
Cointelegraph spoke with Obi Nwosu, co-founder and CEO of Fedi, about "the incredible group of inspiring people we work with to support their activities to increase the freedoms of some of the world's most oppressed people of the world", and why the Fedi mobile app could solve scaling, custody and privacy issues.
Lyudmyla Kozlovska, director of the Open Dialogue Foundation, which focuses on supporting people in post-Soviet Europe; Farida Bemba Nabourema, a Togolese human rights activist, and Fadi Elsalameen, President of the Palestinian Security Project and Fellow of the Foreign Policy Institute at the Johns Hopkins School of Advanced International Studies, support the development of the Fedi app and its impact in the countries of the South and emerging economies.
In short, the Fedi wallet app connects users to Fedimint "federations". The Fedimint protocol (which derives its name from "federated" and "mint") uses multi-signature (multisig) technology and trusted community members called tutors.
Comment The “federations” of Fedimint are regrouping. Source: TwitterNwosu told Cointelegraph that Fedi hopes to have the greatest impact on people in the global south and that the company is "in a unique position to help, that's why we will put special attention on the deployment in these communities.”
Farida Nabourema, a Togolese human rights activist, told Cointelegraph that in “poor parts of the world” acquiring a hardware wallet is next to impossible. Distributors of hardware wallets, including Ledger, ColdCard and Trezor, are not present on the African continent, despite the fact that "Afri...
Community Custody Protocol, Fedimint wants to expand the Bitcoin network to one billion users located in Southern countries.
New
“Bitcoin is for billions, not billionaires,” a phrase first coined by investment researcher Lyn Alden, may soon become a reality, according to Fedimint.
The protocol that aims to scale Bitcoin (BTC) while making it more private was backed by a $4.2 million funding round for the Fedi app.
Cointelegraph spoke with Obi Nwosu, co-founder and CEO of Fedi, about "the incredible group of inspiring people we work with to support their activities to increase the freedoms of some of the world's most oppressed people of the world", and why the Fedi mobile app could solve scaling, custody and privacy issues.
Lyudmyla Kozlovska, director of the Open Dialogue Foundation, which focuses on supporting people in post-Soviet Europe; Farida Bemba Nabourema, a Togolese human rights activist, and Fadi Elsalameen, President of the Palestinian Security Project and Fellow of the Foreign Policy Institute at the Johns Hopkins School of Advanced International Studies, support the development of the Fedi app and its impact in the countries of the South and emerging economies.
In short, the Fedi wallet app connects users to Fedimint "federations". The Fedimint protocol (which derives its name from "federated" and "mint") uses multi-signature (multisig) technology and trusted community members called tutors.
Comment The “federations” of Fedimint are regrouping. Source: TwitterNwosu told Cointelegraph that Fedi hopes to have the greatest impact on people in the global south and that the company is "in a unique position to help, that's why we will put special attention on the deployment in these communities.”
Farida Nabourema, a Togolese human rights activist, told Cointelegraph that in “poor parts of the world” acquiring a hardware wallet is next to impossible. Distributors of hardware wallets, including Ledger, ColdCard and Trezor, are not present on the African continent, despite the fact that "Afri...
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