Podknife - In Africa, FTX Promised Stability and Swag by WSJ Tech News Briefing

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In Africa, FTX Promised Stability and Swag

Podcast |: WSJ Tech News Briefing
Publisher |: The Wall Street Journal
Media Type |: audio
Podknife tags |: Gadgets,; Tech News,; Technology
Categories Via RSS |: News,; Tech News
Publication Date |: Jan 30, 2023
Episode Duration |: 00:14:58

Across Africa FTX used brand ambassadors and glitzy events to attract new users . Many customers saw cryptocurrency as a way to protect against inflation in local currencies. But when the crypto exchange collapsed many lost their savings. WSJ reporter Alexandra Wexler joins host Zoe Thomas to discuss how FTX grew in Africa and what happened to investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

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