When the Nigerian government shut down EndSARS protestors’ bank accounts, bitcoin and crypto became a way around.
Yele Bademosi is CEO at Bundle social payments app and the founder of investment firm Microtraction. Akin Sawyerr is involved across the industry and leads operations at BarnBridge.
Over the course of October 2020, the world’s attention became firmly fixed on a growing movement in Nigeria. With the hashtag #EndSARS, the movement was, on the one hand, about addressing police brutality. On the other hand, as our guests discuss, it was a broader awakening and a demand for generational economic opportunity. At one point, even Twitter founder Jack Dorsey called for people to donate bitcoin to help the movement.
In this conversation, Yele and Akin discuss:
- The state of the economy in Nigeria leading into the protests
- Generational differences in political action
- Why the #EndSARS protests exploded into action in October
- Why the movement turned to bitcoin to avoid bank confiscation
- How crypto can play a role in a brighter future
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.