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311 Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/22/2021 11:20 EDT

Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. DeFi aims to bridge the gap between decentralized blockchains and financial services. Aronu Ugochukwu and Abafor Chima founded the startup in 2019, and Ugochukwu is quite familiar with currency devaluation.  Currency devaluation is a common economic nightmare faced in most African countries and […]

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