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:
๐ 00:01:00 - The new digital currency based financial systemย
๐ 00:04:00 - Building this new financial system
๐ 00:05:00 - Sound money philosophy
๐ 00:07:00 - Fractional reserve banking
๐ 00:13:09 - How digital money is used in the real economyย
๐ 00:19:04 - Are banks really a public good?
๐ 00:20:40 - Are these innovations really competing with the traditional banking system?
๐ 00:23:00 - The implication of digital transformation on the utility of money
๐ 00:28:03 - Digital moneyโs inherent boundlessness
๐ 00:31:00 - Making transactions more efficient, push the tech into the background
๐ 00:37:15 - Getting the user interface right
If youโre 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.ย ย
Subscribe here:
๐ YouTube: https://bit.ly/3lUcJFNย
๐ Apple: https://apple.co/3G3CrPZย
๐ Spotify: https://spoti.fi/3lUd6jFย
๐ Email: https://bit.ly/3aXWYY5ย
And connect with Dante here:
๐ Twitter: https://twitter.com/ddisparte
๐ LinkedIn: https://www.linkedin.com/in/dantedisparte
๐ 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 โ 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.
Ep 97 | Expanding Access to the American Dream | A Conversation with Michael Milken
Ep 96 | Capital Markets and Wealth Creation | A Conversation with Adena Friedman
Ep 95 | Inflation, Interest Rates, and Productivity | A Conversation with Kenneth Rogoff
Ep 94 | The Policy Environment for Digital Assets | A Conversation with Sheila Warren
Ep 93 | Technology Acceleration and Regulation | A Conversation with Sigal Mandelker
Ep 92 | Foundations of Innovation | A Conversation with Bill Winters*
Ep 91 | Unlocking Opportunity Through Dollar Access | A Conversation with Alvaro Correa*
Ep 90 | The Web3 Revolution | A Conversation with Alex Tapscott
Ep 89 | Stablecoins and the Future of the Financial System | A Conversation with Heath Tarbert*
Ep 88 | Anthony Scaramucciโs Reflections on SBF & the Future of Crypto
Ep 87 | Expect the Unexpected
Ep 86 | The Power of Courage
Ep 85 | Removing the Complex from Crypto with Vanessa Grellet
Ep 84 | Currency in the Crossfire: De-Dollarization & US Dollar Competitiveness
Ep 83 | Crypto Crossroads | A Conversation with Messariโs Ryan Selkis
Ep 82 | Crypto Regulation: In Code We Trust?
Ep 81 | Cryptoโs Next Chapter
Ep 80 | Tokenized Cash and Reducing Systemic Risk
Ep 79 | Digital Assets and the Public Good: The View from France*
Ep 78 | The Power of Frictionless Rails with Rob Goldstein of BlackRock*
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