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Africa is leapfrogging the US and Europe in its embrace of blockchain technology that could make it “wealthier than Western nations”, claims Cardano chief Charles Hoskinson.<\/p>\n Hoskinson has a vision to rebuild the social and economic infrastructure of African nations with blockchain technology.<\/p>\n Speaking at the Financial Times<\/em> Crypto<\/a> and Digital Assets Summit, the Cardano founder said there was “more demand than supply” for its services within the world’s developing nations.<\/p>\n As of the time of writing the price of cardano (ADA-USD<\/a>) is $0.53, and it has a market cap of $18bn.<\/p>\n Cardano see the deep-rooted centralised infrastructure underpinning Western nations as an obstacle that African nations can circumvent on their road to becoming web3 giants.<\/p>\n Read more: <\/strong>Crypto: Stablecoin storm spreads after billions of tether is cashed out<\/strong><\/a><\/p>\n