Welcome to real asset news, take a top stories and cryptocurrency angel assets and bring them down to bite-sized pieces. So today we have really only one story: iohk is on the brink of securing a massive cardano government contract in africa, and this is huge on so many levels, but it's.

Gon na be even more apparent as we start to peel back. The layers of this onion take a look at what is going on in sub-saharan africa and why they are just ripe for a fintech revolution. So we'll. Take a look at that, but first let's.

Take a look at what's going on in the market. So today it is what is it today february, 8th 3, 30 pm of paso texas time beautiful day? 70 degrees, 72 degrees matter of fact can't beat this weather and you can't beat this market.

Look at this bitcoin's up ethereum's up heather's tyler! Nobody cares cardano! Polkadot everything's up and of course, we did a video this morning and we talked about what happened with elon musk about how they had said that, yes, they're, going to be buying uh bitcoin 1.

5 billion worth at minimum, and They're, going to be actually doing cryptocurrencies and i said it's, that's, important on so many levels, uh because you know with michael saylor michael strategy. Just having that huge conference, they've, already lined up a ton of different corporations, and now we've got uh the most um popular or the most apparent, the most vocal or the most widely known, uh ceo out there elon musk And one of the biggest companies and uh he's, saying yep, we're going to go into bitcoin.

So all these different corporations that were in attendance at the micro strategy event are like bingo. Let's. Do that. So this should be a pretty uh interesting time. I will say that so i'll link that video at the very last end, but i'm sure you've heard all about it because everybody's been covering it, but i just want to talk About something a little bit different today, on top of what we talked about already, so let's, see what is going on 24 hour change.

What's up big time 19 for polka dot, finance coin 14 and finance coin? We're, going to talk about tokenomics and about metcalf's law and when we get into the whole uh african story with uh cardona, because it's really going to play a big factor.

Anything that's really stands out: ave decentralized finance, which we need to go over uh quickly. Actually, but actually you know what let's. Do that right now. Let me just do this, so this is a great little little detail, but before we get into what's going on with cardano, i have to take a step back two things.

I'd, take a step back. First of all, uh. You may have noticed that the audio might be a little bit more improved. I've, actually been tweaking my settings uh over the last two days. I've, actually checked out like three different mics and it's.

Just sometimes their good signs are bad, but i think i may have gotten a little bit better on this one. So we will see. Let me know what you think about this. As far as like the audio quality. Compare that to yesterday's, video that's.

All i can tell you so anyhow, so with this one as we're talking about decentralized finance and what charles hoskins another team are trying to do is bring uh digital banking to the vastly unbanked in sub-saharan africa.

But here's, the thing with d5 and i always had a had an issue with cardano iohk uh and what they were doing as far as like how slow they were going because i'm an entrepreneur. They're entrepreneurs at a much bigger level, i might add, but it was interesting to me like why are they going so slow? Why is it and, of course, as time went on, i appreciate the subtleties that they're doing, and this is just a prime example of where you really shouldn't uh be running before you can crawl.

So this is a article sent to me by my man when mullet. Thank you and it states dmg price crashes, 90 percent, as dmm protocol ceases operation. What's crazy about this? Is that just how we talked about you know, you have to do your own research and take a look behind and who's in the team and who's financing it powerhouse people were financing this project and then went belly up Like that, like nothing so in an unfortunate unfortunate term of events, the supporters of d5 money market foundation, dmm the token plummeted in value - is a team behind it revealed they ceased all operations due to regulatory concerns.

So 2021 is going to be the year of cryptocurrency assets. It's, also going to be the year of regulatory clarity. So with the good comes the bad and that's. What it is. Actually i don't know if that's really bad.

I think over regulation is bad right. I don't, mind speed limits. I mean if i'm going on the interstate. I don't want people going 150 that's just me. But if you're going to make me go five miles per hour from el paso to houston, we got a problem so again over regulation.

I think, is the issue not regulation, so it was. This was a pretty good d5 project. It was backed by people like uh draper going home. There was a partnership between tim draper. I think we all know that guy alex goran and joseph holm focused on investing in blockchain solutions support their projects, received the bad news today, as the team behind the dm announced dmm announced uh that they're, going to cease all operations and they State this on their official website as a result of regulatory inquiries, dmm is shutting down effective, immediately m token, minting is no longer available and telecom redemption will remain available indefinitely, though the industry on the m tokens will drop to zero percent on or about february 10.

2021 capital interest are currently available to fund redemption. Abolish standing m tokens plus accrued interest reads the official site so right there uh when you have problems - and this was actually a problem with regulation and the things that they didn't get set in place first, so it wasn't, Like an issue with the actual protocol, there was an issue with regulation and what they didn't.

Do so make sure that when you were taking a look at different projects again, do your research, not a financial advisor, just make sure that these projects are doing the right things as best you can like with celsius? I know it is a regulated security.

They have registered it as a security, so that's. One of the reasons why i like to invest in a celsius they've talked about bitcoin about how it is a uh. It is not a security, a commodity, ethereum kind of gets that leeway, so those types of things other than that there is no real clarity and that's, the risk that we all take as speculators.

So this moves us into the next phase. What are we talking about? We're talking about cardano um, helping a lot of countries, a lot of people who are banking. The unbanked and i know we've, had people who are very negative on this.

This subject, you know they're, just like it's. Never going to happen. Well looks like it's happening so iohk coming beyond cardano. Is it in the final stages of securing a huge government contract in africa? A government contract in africa, according to john o'connor, the director of african operations at iohk, john donna.

The project could add millions of users to cardano for real-world blockchain implementation. So what's going on here uh? So they're in its final stages of development iohk. And how do we know this? Because there's, an interview with proof of africa, john connor iohk's director of african operations.

We realize there's. A real world blockchain solution being built on cardano that's, designed specifically to be released in africa just in africa and he states. What i can say is that we're at the final stages of a large government contract that would have multi-million users being onboarded onto the platform for real-world blockchain implementation.

So economist, based in he said the ioh case project will focus on other african countries uh like south africa, kenya, nigeria, tanzania, tanzania and ethiopia. Another 15. We added a list near future.

Do you know any people that is that is close to people talking about sub-saharan africa? You're talking between 750 million and a billion people. Now they're, not all on banks. That is a ton of people to onboard.

That is a massive undertaking. The company's. Work in tanzania will provide each user of the country's, telecom providers with digital identity and access to the ada payment network on cardano. Everybody gets access through this id to ada to the cardinal foundation, that's, uh the canary network, that's.

Amazing south africa, o'connor, said that iohk was working on an interesting project involving insurance. I don't know what that is, but we'll, find out later. Almost all the projects iohk is working on in africa, with based on atella prism, the company's, identity solution, how you say it attella atala - and this is also johnny says.

We have quite reasonable plans to onboard 100 million users on this identity platform. Within the next year or two, this might seem ambitious. You think, but actually the scale of the african continent means that it's, quite realistic.

It's, not that it's just unrealistic, because there's. Not enough people it's, just it just seems daunting to me to have to onboard at least all these i mean hundreds. This is just the first 100 million users right on and then they start to expand.

What does that mean? Maybe talk about the asia pacific rim, a lot of people unbanked uh. All the process required to launch the mysterious african solution should be done by the end of february. Let me read that again, all of the process required to launch the african solution should be done by the end of february.

That's, a pretty good timeline that's, a pretty ambitious and uh. We'll, see if they can pull it off. Who knows they've been doing they've been hitting their strides already, so we will see. The theme on iohk will be the one that makes the news public.

So why is this 100 million users so big? Because it just seems like you know, i mean, besides the obvious right there's, a lot of people. You know it's, that's, pretty good, the more people you have the more of a network.

You effect you have medcast law, the more connections, they have, the more things just start to uh increase in revenue or value whatever you want to associate value with. This was actually oh. I'm a little too far.

This is actually taught to me by pat ackerman when he was talking about the voyager token, and he also talked about this with the celsius token, and he also in in indirect ways, was talking about the binance token.

The more types of connections that you have, the more users that you have, the increase in value will come up just on just on scale, and i had covered this in the in the voyager video, but also i want to show you is this: you can kind You can kind of see it in in bitcoin and how would we see like, like the amount of users in bitcoin? What would you take a look at the wallets, the more wallets that are opening up the higher the amount of bitcoin that is actually um being valued at, and then this is what my problem was.

I talked about before for the binance coin. I never got him like who cares about that? What does binance coin do? Well? It does a lot of things right for their for their debit card. They have a credit card coming out.

It reduces in fees. They got a lot of different things as far as like the the rewards program, so the more utility it has uh the more people want to use it. The more people want to use it more value, it has and it's.

The same thing uh with binance, and then you see it on celsius. Now you're, going to see it on voyager. You're, going to see it on swissborg all those types of utility tokens that have real world utility that do things that help a person out.

That is fantastic, so the more people you have, the better off you are, and if you're, getting like 100 million 200 300 million people, i think that the value of the token will probably go up and it's.

A good darn thing that there are there, the uh actual max supply of cardano is in the hundreds of millions. So speaking, on top of that, there was just this little piece here: metcalfe's law - and i talked about this before - is that you can see this uh in an old world example of facebook.

When facebook came out, the more users that it had 2004 was when they started 2008 nine. They started to actually open up to advertisers. Everything started to blow up before you know what there's, a ton of people on facebook, the more people that were on facebook, the more value it had.

However, you want to justify that in dollars or whatever else, ad revenue whatever. So that is just one of those things, so we take a look at this. This is a ton i can't say anything any different. This is just a lot of people, which means that there should be an increase in value.

However, you want to distinguish that, but i had to take a look real, quick about the banking situation and actually reached out to ray youssef ray's, the head of uh paxful, and they do a lot of things with like exchanging bitcoin with um Uh gift cards, which is kind of it's, a novel idea, but they they do a lot of that because in africa, that's.

What a lot of i guess a lot of people have, so i took a look at well. What is the banking situation in africa right now? So this is the first article i just brought up and it's just two pieces across the continent.

The number of banks are declining driven by tightening regulations. Here we go mergers and acquisitions liquidations and collapses. In nigeria, only 27 banks remain out of 89 that existed in 2004.. Kenny has seen 10 completed mergers and acquisition deals and two collapses since 2016.

. So right here, even if people want to be banked well, the options are limited and the less different types of bank that you have, the more they have an actual control on what is going on the fees and the structure and that's, not Good free market is not free and if you only got a couple of people around apart from customer growth, africa is the second most profitable region after latin america, for banking, with return on equity at 14, but almost 15 percent compared to 9 global average.

So africa is the second most profitable, profitable region after latin america. What does that mean? There's, a lot of people with a lot of money, and they are on bank, how one, how much unbanked are they and how much could cardinal help them? Well, this is an article that i pulled up.

The unbanked in africa could be one of the biggest opportunities in fintech history. The interesting thing about this is that it's in 2018. The funny thing is is that i saw an article in 2016. 2017. 2018.

2019 - and there was one 2020, which said almost the exact same thing. It is ripe for an opportunity. The problem is it hasn't really a lot of different fintech companies. Haven't really gone in there.

However, there has been a couple, and this is what's going on right now, so let's. Take kenya over 37 million kenyans have an sms, capable mobile phone. This was the interesting to me because people would always say well if they're unbanked and they don't make a ton of money.

They shouldn't have a lot of like uh technology and cell phones. It's, not true. It's. Actually, the inverse is true uh in places like this, even in america, people who are who are classified as poor below the poverty level, everybody has a cell phone and in africa, and even in mexico, they all have a cell phone and whatever they can do that They have this, they have an sms table, mobile phones and they are able to transfer money around through an app called.

What is it called m-pesa, so m-pesa kenny's. First mobile wallet launched in 2007 to seamlessly transfer funds through kenya using sms, so that was the first part right. If you could get a bank it's. Okay, we can do this with sms, and so the question i always have was well.

How do you get that onto the on the phone there's? Kiosks, you go, you go to the kiosk, you give them that the money they give you a card, you can use the card, and then you transfer it all over the place right to.

To paraphrase this whole article, it works out pretty well, unless you had to transfer it uh far away away and excuse me across borders because of the different telecommunications. When you do something like that, then the fees increase by 33.

So here's. The thing if you're, making like 30 to 50 bucks a week or a month depending um, and you're hit with a third of that just gone, because you're, trying to send it back to family or Friends or you're, trying to save it some in some way.

You know good luck with that uh. It does state, though m pesa, made domestic payments easy, but when a payment needed to cross border transactions up 30 - okay great so then the question becomes. Is this? What is the problem with being unbanked and for us in america or uk or europe, or any pretty much every place that we're at? If you're listening from africa? You know the answer right now, so when i think of being banked it's, it's.

Just second nature to me, because i've grown up with it, but if you're on banks, think about this way. If you have 50 to let's, say you work. You know you're 70 hours a week and you get 100, and then you have to carry that all around everywhere.

You go well, the chance of crime is pretty high right. Then the fact is that you can't put it into any bank and you can't save any of that as best you can actually have it on yourself probably goes around a lot, then.

If you have to let's say you have to pay any kind of bills. Well, you have to go to each and every place to pay those bills that takes time, money and effort, and then, if you want to get like some kind of advance, because you need money well, you have to go to those like a uh one of those Flash loan places where it's just highway robbery.

What they give you, so you really can't get a loan unless you want to get a loan at like 50 uh interest rate and believe me, they're out there and it's even higher than that. Actually so you do, you combine all those things together and you're at a major major disadvantage and that's, why this place needs fintech for what it says.

So it comes out of this. Where's, the unbanked? Well, obviously, we talked about it: sub-saharan africa and asia - you got 2 million adults or 38 of all adults worldwide remain excluded from financial systems, so they're 38.

So we're talking about two billion unbanked right and they're in two big locations: asia, sub-saharan africa. So let's. Take sub-saharan africa! Let's, say let's. Split in half! You got a billion over there, let's.

Do a conservative number, let's, say 500 million. We got 500 million, who were unbanked in sub-saharan africa and cardano's coming over there and going look. You can use our our network, you can use the the id system, some kind of insurance system, that's coming in who knows, and then you can use our payment system on the blockchain and the processing fees are super low.

We're, not going to put you on ethereum, where the gas fields are like going to kill you guys it's super low right. Now we have a lot of different swaps going on. We have smart contracts, you can also they're, going to talk about loans and collateralization.

This seems like a pretty good deal so now think to yourself. How would this affect what i'm doing here? For me i mean it works out pretty well, i've got ta. You know i have invested pretty heavily in cardano.

If you don't real don't know we have uh the d news staking pool. So if you have any uh cardano, you'd, like to take a look at that. I will link that at the very end and uh. I think it's, going to be a pretty good thing and, lastly, i'll finish up with this 42 percent of of of all the unbanked women.

So it's geared towards that, but it all comes down to how to bank the unbanked digitized payments, formalized savings and i didn't, really get it until today. This article came out - and i thought to myself well, who's, really doing this? Who's, really working on all the things they need to have done right? I mean ethereum's.

Doing these things too right. They can do it. The problem with ethereum is what we talked about with the fees. Sometimes it can be fast, but you & # 39. Ve got to pay a ton of fees, and things can really be built on that.

But how long are you going to want to wait? You're a year out two years out. Who knows, i know everybody says ah, but you know they're building all on ethereum. Are they let's, say cardano goes into africa, let's, say they go into asia.

After that and say you know what here's, our system, we made it very simple for you to build. On top of it. Also, the fees are super low. We're very fast. You can do pretty much whatever you want to build all your dabs who's, going to win and it's, not about winning or losing there's enough.

It's, an entire global industry right. I'm, not saying it that's. Why i invest in both i have ethereum. I have cardano, but i see the direction they're going and it makes a heck of a lot of sense to me right now.

Anyhow, that's it for today, so uh you made it to the end. Congratulations thanks for sticking with me uh! If you liked the video once you give it a thumbs up that really helped me out and also click on that subscribe, because a lot of things we do are time sensitive, a lot of news type of items so probably important.

If you want to read about that or learn about that and uh, that is it. So thanks so much for watching. I appreciate it. I'll link those uh, those videos. We talked about uh up on the left and right, but youtube do their magic there and that's all so, thanks for watching see you on the next one.