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Show Notes

"Talent is evenly distributed but opportunity is not", and a vision to ensure good financial services are not just utility, but something that every person is entitled.

Including:

  • In the pyramid of financial inclusion farmers have been badly served, yet do the most work.
  • Kora is enabling people who've never had access to proper banking to be able to receive and send payments swiftly and make payments remotely.
  • “We believe that we can shrink the whole world into a small financial service village.”
  • Ultimately goal: "To make financial services not just utility, but something that every person is entitled to.”
  • “With Kora we are trying to say to the world that we understand that talent is evenly distributed but opportunity is not.”

In episode 8 of The ICORadio #Blockchain Bytes Barry James interviews Maomao Hu (COO and co-founder) and Dickson Nsofor (CEO and co-founder) of Kora Network about their ICO and initiative for a blockchain-powered financial inclusion - across Africa and the world; a pilot project empowering farmers in Nigeria; their tokens and ICO; and how to get involved.

Including:

  • In the pyramid of financial inclusion farmers have been badly served, yet do the most work.
  • Kora is enabling people who've never had access to proper banking to be able to receive and send payments swiftly and make payments remotely.
  • “We believe that we can shrink the whole world into a small financial service village.”
  • Ultimately goal: "To make financial services not just utility, but something that every person is entitled to.”
  • “With Kora we are trying to say to the world that we understand that talent is evenly distributed but opportunity is not.”
  • Who might want to and how they can get involved with Kora - already oversubscribed by 500%.

Key Takeaways from this episode:

[1:22] Dickson’s background: university in Nigeria, an MBA in China, a financial inclusion startup then a mobile phone tech startup in Western Africa before working at the United Nations and co-founding Kora.

[2:42] Maomao’s background: school in China then University in New York; the opportunity for grassroutes change from cryptocurrencies.

[4:46] About Kora’s goal: infrastructure for inclusive financial systems.

[5:52] A project empowered by Kora in Nigeria involves 300 farmers, reducing their travel time and costs. It minimises capital expenditure and setup costs to reach a new market segment.

[10:00] Kora is enabling people who never had access to proper banking to be able to receive payments, send payments and make payments remotely.

[11:26] Community Value Networks plus blockchain equals transparency.

[13:56] What is the Kora token? Who is likely to be interested?

[19:20] Kora’s development to date - and Dickson and Maomao describe the future they are looking for.

[22:07] How to get involved with Kora.

Mentioned in this episode:

Kora https://www.kora.network and @Kora_Network

Crypto Vault https://cryptovault.co @CryptoVaultCo

Get in touch: podcast@icorad.io

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