"Everybody wants access to the dollar right now."
But when businesses and individuals need dollars across Africa, most banks don't hold enough to remit on demand, leading to week-long delays and fees as high as 4%.
He spent years visiting Nigeria carrying bundles of cash because he couldn't open a bank account without a local verification number.
To solve the problem,
@OnTheHouz founded
@ZyntaFinance
Zynta offers regulated stablecoin off-ramps across 20 African countries that settle dollars into local currencies like naira, cedis, and rand.
The platform has processed $300M+ in transactions with 100+ enterprises on its rails.
Cairon's conversation with
@_zacharyhughes:
1:24 - Cairon's career origin at IFDS
3:27 - From permanent staff to contractor
6:06 - Getting into crypto in 2018
7:38 - Building Zynta on
@Solana
8:22 - The $300K transaction that changed everything
9:17 - Walking with bundles of cash in Nigeria
10:57 - Africa skipped landlines, now banks
14:40 - Why building the off-ramp is hard
15:32 - AVAF and central banker conversations
16:53 - Licenses across four global countries
17:54 - Four layers of payment infrastructure
22:54 - Stablecoins eating traditional bank revenue
24:08 - How Dollarization meets government resistance
25:13 - 99.6% of stablecoin volume is USD
28:46 - Regulated infrastructure across 20 African countries
Episode 0059. Presented to you by
@altitude