Coinbase Tackles African Housing Crisis with Empowa
Author: Ethan GarciaEmpowa has identified the urgency of this situation and is striving to disrupt the current real estate market, partnering up with Casa Real to leverage blockchain technology and NFTs to provide low- and middle-income families with access to homes. These cyclone-resistant residences are more affordable, with prices starting at a $10K, accessible to those who don’t possess the necessary means to obtain a traditional mortgage.
Coinbase has not only highlighted the grave issue of housing in Africa but also demonstrated their commitment to corporate social responsibility by using their influence to further solutions to real-world problems. They are also showcasing the potential of blockchain and cryptocurrency technologies through the success of Cardano-powered DeFi platform Empowa. Their move indicates not only their interest in raising awareness but also exploring market expansion opportunities in regions like Mozambique.
Although cryptocurrency and blockchain technology cannot completely solve this issue, Coinbase’s support of Empowa’s mission is a massive step towards tackling the African housing crisis. The crypto-exchange’s dedication to making a difference in the world is inspiring, and it will hopefully continue to further solutions to the other challenges faced by the region.