Did you hear about DID and its impact in Africa? Check it out in our latest Crypto Biz.
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, 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.Is Web3 even possible without decentralized identity services, or DIDs? It depends on who you ask. For Web3 payment solutions, DIDs will play an essential role in expanding access to the decentralized internet, especially in places like Africa.
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