Why Crypto Matters for Financial Inclusion, Feat. Celo's Marek Olszewski

In a world of centralized mobile money solutions, do decentralized, permissionless currencies matter?

May 5, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:36 a.m. UTC

In a world of centralized mobile money solutions, do decentralized, permissionless currencies matter?

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook

Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

2
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

3
At Nationals Ballpark, Terra’s Bad Week Never Happened

Terra’s pricey Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

Terra’s pricey Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

4
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.