Crypto Altruism Podcast Episode 127 - Glo & The Life You Can Save - How blockchain can help alleviate extreme poverty
In episode 127, we’re excited to welcome Jon Behar from The Life You Can Save, a nonprofit making smart giving simpler, and Seth Ariel Green from Glo Dollar, a stablecoin with a mission to end extreme poverty. We discuss how crypto can help fight extreme poverty, how blockchain can fuel smarter giving, some of the barriers preventing crypto from reaching its full potential, and more.
Three Key Takeaways
Crypto can help combat extreme poverty by creating wealth that is donated to fund high impact interventions, and by building new systems to help drive financial inclusion and alleviate poverty.
There are a lot of challenges preventing crypto from reaching its full potential as a tool for financial inclusion and poverty alleviation. This includes a lack of on-ramps and off-ramps, UX/UI challenges, and security concerns.
When building Web3 solutions, it’s important to work with pre-existing solutions that have been proven to work, and not trying to reinvent the wheel.
Follow The Life You Can Save and Glo
Episode Time Stamps
02:45 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3?
06:10 - To start things off, can you please introduce listeners to The Life You Can Save?
08:50 - It’s a pleasure to have Glo back on the Crypto Altruism podcast! For listeners who aren’t as familiar with your work, can you please give a high-level overview of Glo’s mission?
12:05 - Stablecoins have gotten a lot of heat lately in the media and from a regulatory point of view, yet they can be a valuable tool for financial inclusion and fighting extreme poverty. What does the world need to know about stablecoins?
15:15 - The World Bank estimates that 700 million people are currently living in extreme poverty. How can cryptocurrency help address extreme poverty?
21:05 One of the most compelling use cases of Web3 is Decentralized Finance, and the role DeFi can play in helping the ~2B unbanked people around the world gain access to financial services. What role do you think DeFi will play in building a more financially inclusive world in the coming years?
25:10 - What next steps do we need to take as an ecosystem to help address some of the barriers to crypto reaching its full potential?
28:50 - At The Life You Can Save, a big part of your mission is empowering “smart giving”, by recommending charities that have the highest impact, and where each dollar goes the furthest. How can blockchain and crypto help in this mission?
35:45 - What’s the best way for listeners to learn more about The Life You Can Save and Glo, and support your work?
41:30 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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