Insights from Oladotun Akangbe, CMO at Flincap: Navigating Blockchain Innovation and Challenges in Africa

The African blockchain space has been a hot topic in recent years, with the rise of crypto adoption in Nigeria and the government’s crackdown on Binance executives. Oladotun Akangbe, the Chief Marketing Officer at Flincap, a company that builds crypto exchanges, has been in the industry for 8 years and offers valuable insights into the situation.

In a recent interview with Technext, Oladotun shared his journey in the blockchain industry, starting from volunteering for top projects to now serving as the CMO at Flincap. He emphasized the importance of understanding blockchain technology’s underlying principles and how it has shaped his career in the industry.

Oladotun also discussed the correlation between p2p trading on Binance and the devaluation of the naira, Nigeria’s local currency. He pointed out that speculation played a role in the currency’s weakening, as people hoarded dollars in hopes of its value increasing against the naira.

Regarding the Nigerian government’s crackdown on Binance, Oladotun believes it is the right move but with the wrong approach. He emphasized the need for clear regulatory frameworks and dialogue with stakeholders to ensure the industry operates in a way that benefits society.

Flincap, founded by Nathaniel Luz, aims to build infrastructure that will support OTC crypto exchanges in Africa. Oladotun highlighted the need for more exchanges to cater to the growing crypto market on the continent and how Flincap’s services can empower OTC exchanges to reach their full potential.

In conclusion, Oladotun expressed confidence in Flincap’s ability to support OTC crypto exchanges in Africa and help them dominate the market in 2024. With a focus on empowering businesses and improving tech infrastructure, Flincap is poised to make a significant impact in the African blockchain space.