Ep 58 | Digital Money Comes of Age with Dante Disparte of Circle
The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion · 2022-04-29 · 33h 3m
Episode notes
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?