In a world of centralized mobile money solutions, do decentralized, permissionless currencies matter?
Around the world, an estimated 1.7 billion people remain unbanked and lacking access to high-quality financial services.
Some projects see cryptocurrency as an answer. In this episode of The Breakdown, NLW speaks with Celo co-founder Marek Olszewski about:
- How Celo was designed differently to address financial inclusion as a primary use case
- The problems with centralized approaches to mobile money like m-pesa
- Why true financial inclusions solutions must be permissionless
- Why technology design isn’t enough and projects that seek to gain adoption require ground-up, go-to-market strategies
- The impact of libra’s launch on the “bank the unbanked” narrative
- How the COVID-19 crisis has changed the narrative around and demand for stablecoins globally
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