The 20th century saw economic booms and shocks that caused governments worldwide to develop new systems for managing systemic risk while encouraging growth of the private sector. Those efforts have evolved into the financial system we know today, predating the internet by decades and only slowly realizing the benefits of digital technology.
Following the Great Recession of 2008, decentralized networks emerged to apply the benefits of internet technology to money and finance, laying the foundation for the burgeoning digital asset ecosystem we see today. What does the future hold for governments, the unbanked, and the foundation of how value is exchanged around the world in light of these remarkable advancements?
In this episode of The Money Movement, Jeremy is joined by Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle, to discuss the road to digital money..
They cover:
👉 00:01:00 - The new digital currency based financial system
👉 00:04:00 - Building this new financial system
👉 00:05:00 - Sound money philosophy
👉 00:07:00 - Fractional reserve banking
👉 00:13:09 - How digital money is used in the real economy
👉 00:19:04 - Are banks really a public good?
👉 00:20:40 - Are these innovations really competing with the traditional banking system?
👉 00:23:00 - The implication of digital transformation on the utility of money
👉 00:28:03 - Digital money’s inherent boundlessness
👉 00:31:00 - Making transactions more efficient, push the tech into the background
👉 00:37:15 - Getting the user interface right
If you’re interested in the innovation of digital money and the evolution to a more efficient financial system, tune in to this episode of The Money Movement.
Subscribe here:
👉 YouTube: https://bit.ly/3lUcJFN
👉 Apple: https://apple.co/3G3CrPZ
👉 Spotify: https://spoti.fi/3lUd6jF
👉 Email: https://bit.ly/3aXWYY5
And connect with Dante here:
👉 Twitter: https://twitter.com/ddisparte
👉 LinkedIn: https://www.linkedin.com/in/dantedisparte
👉 Website: https://dantedisparte.com
About the show
The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient, and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money.
The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through the frictionless exchange of financial value. Learn more about Circle Business Accounts and Platform APIs at circle.com.
