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“One must understand that shared custody is already a part of daily life in most South African communities, same as many other African countries. High levels of trust in financial matters, particularly among relatives, is very common. Far more so than in the western developed world. Fedi builds on that existing community trust and improves it. They've taken a traditional model that's already widely used, and they've made it more robust. With this type of community custody model, I'm far more comfortable expanding the scope of our circular economy project in the township community and on-boarding people to Bitcoin.”
“FEDI is the solution we need to allow communities thrive financially, independently and safely. In our part of the world, we earn money and save money communally and being able to do that today with bitcoin in a region where more than 70% of people are excluded from the traditional banking system will revolutionize how money works for the most financially marginalized.”
Cofounder, Africa Bitcoin Community (ABC)