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So what are the alternatives?
Our crypto fam have risen to the occasion to explain how using decentralized finance can solve for this. In the shorter term, some startups have shared that they can provide international banking services to African founders.
2.) Eversend is a one-stop financial services hub allowing Africans to exchange, save, manage and send money at the best possible rates, both online and offline.
Eversend also permits buy and sell of bitcoin, stablecoins and other cryptocurrencies, in some of their regions (e.g., Uganda).
Another article on the subject:
African startups had their bank accounts suspended. Russia sanctions might be to blame https://restofworld.org/2022/african-startups-had-their-bank-accounts-suspended-russia-sanctions-might-be-to-blame/
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