According to Cointelegraph, the African market is considered an important market in the cryptocurrency field for reasons including a young population, poor government economic management, and insufficient internal and global financial infrastructure. In episode 28 of Hashing It Out, host Elisha Owusu Akyaw discussed the complexity of users joining cryptocurrencies in the African market with Fonbnk founder Christian Duffus. Duffus shared his diverse and innovative methods of attracting new cryptocurrency users in developing markets, and explained how other factors such as education and regulation affect the popularization process of Web3 in Africa. Fonbnk's main focus is Africa's cash-first economy. Regarding the regulation and future of the African cryptocurrency ecosystem, the founder of Fonbnk believes that favorable regulation will emerge, but it may take some time, and more local decentralized applications will be launched in the coming months.