FUMO: Future of Money Podcast

Why Africa and Asia is the Future of Crypto (Paxful with Ray Youssef) | Fintech

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Welcome to our first episode of Fintech and Web3 Founders series! Our expert hosts Ronit Ghose and Gaurav Dhar had a chat with Ray Youssef, an accelerating Fintech entrepreneur who created one of the biggest peer-to-peer cryptocurrency exchange platforms, Paxful. We deep dived into how crypto could be a more convenient form of payment and store of value for the underserved population, and how it could help solve financial inequality around the world.

As Ray said,

“Cryptocurrencies are the universal translator and transportation of money. Previously just like Hawala network in Roman Empire, and now that ledger in today’s world is called as Blockchain.”

Ray Youssef, CEO of Paxful

The insightful discussion highlighted key themes within crypto world in Africa and Asia:

 🔹Flaws within Africa’s payments network 

 🔹How Bitcoin could increase financial inclusion and their use cases 

 🔹Origin of the Hawala remittance system and blockchain as the new international ledger 

 🔹Global KYC system and regulatory implications around cryptocurrencies

You can watch the sessions below on Youtube, or listen it on Apple and Spotify Podcasts.

Episode Guest

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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