Charles Hoskinson, the founder of Cardano and IOTA, predicts that the decentralized financing sector will gain 100 million users in the developing world over the next three years. Africa in particular offers a number of new possibilities without a regulatory framework. In Western countries, such a large user base cannot be created due to the strict regulatory environment. Hoskins' Cardano network wants to be a leading force in the DeFi sector on the African continent. According to Hoskinson, DeFi can provide liquidity to the world's poorest people and enable them to build and protect the wealth they have gained.
Charles Hoskinson
Cardano has been a very successful cryptocurrency in the last year. The price increased from $ 0.05 in January 2020 to the current $ 0.36. Cardano has released an update package called Goguen. These updates include smart contracts, decentralized applications, and the ability to use native tokens. In December 2020, the Cardano Foundation issued a statement that it had officially entered the DeFi sector following a partnership with Bondly Finance. I am optimistic about future of Cardano.
