Crypto Biz: DID you see what Africa is doing with Web3?

If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or DIDs, bring real meaning and utility to Web3. If you haven’t yet wrapped your mind around DID, it refers to a self-owned, independent identity that enables trusted data exchange. In other words, it puts digital identity management and administration directly in your hands instead of some third party’s.

In this week’s Crypto Biz, we take a look at a Web3 partnership designed to bring DID-powered payment solutions to Africa. We also chronicle Maple Finance, the European Central Bank and Nasdaq.

Payments platform Fuse integrates ChromePay to bring DID services to Africa

Maple Finance launches $300M lending pool for mining firms

European Central Bank chooses Amazon (NASDAQ:) and 4 other firms to prototype digital euro app

Nasdaq reportedly preparing crypto custody services for institutions

Before you go: Why did the crypto market dump after the Merge?