Esusu: Save More Money with Your Friends and Family
In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
Abbey Wemimo is the co-founder of Esusu. As an immigrant himself, Wemimo's mother practiced esusu and used that financing strategy to send Wemimo to school.
Wemimo explains that the main focus is to create a platform for immigrants and people of color, but of course he would be happy for all Americans to use the platform. Accessibility was a key factor in developing Esusu, which is why Wemimo says the company built a phone-based app.
Dubbed the "Ethereum Killer," Solana is known for its super-fast, low-cost transactions, which has proven attractive to defi companies looking to scale up quickly.
The New York Times posited in the 1980s that because of inflation, the cost of a slice of pizza in New York will always be around the same price as a ride on the subway. But for the first time in 40 years, the so-called "pizza principle" has been broken. Increasing costs of supplies like utility gas, flour, and cheese — not to mention labor due to shortages — have driven the price of a cheese slice up to $3.14 on average, according to the app Slice. Cheddar News spoke to Vito's Slices and Ices co-owners John and Nick Accardi to learn why.
Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation.
