Chris Maurice, founder and CEO of Yellow Card, Africa’s largest cryptocurrency exchange, says crypto in Africa “is growing at the speed of light” because it allows many Africans to escape from the traditional financial system’s failures and transact more freely.
You have to be fair and compare to the countless grifting schemes running on regular currency. Grifters gonna grift, no matter the platform.
The current financial system has had centuries to create regulations to make it harder for certain kinds of fraud to happen. This new one is still in its infancy so of course caveat emptor will apply until such a time regulation starts to dampen risk.