Crypto Altruism Podcast Episode 99 - Fiat24 - Decentralized identity, self-custody, and financial inclusion
In episode 99, we’re excited to welcome Karen Shidlo, CMO of Fiat24, an award-winning, Swiss licensed fintech company dedicated to bringing crypto spending to the world. We discuss the exciting world of decentralized digital identity and Soulbound tokens, the recent challenges facing centralized exchanges, the importance of self-custody, financial inclusion, and much more.
Three Key Takeaways
Soulbound tokens are a type of unique decentralized digital identity that represent your traits, achievements, credentials, etc.
Self-custody effectively makes you your own bank. With this comes many benefits, but also a lot of risks and responsibilities. As a benefit, it means that you have true ownership over your money, and are not bound to any centralized financial institution or exchange.
In some regions of the world, there is greater access to internet and mobile services, than there is to banking services. In these regions, digital currencies are a great solution to help narrow the gap to financial inclusion.
Follow Karen and Fiat24
This episode is brought to you by:
This episode is brought to you by Koinly. It makes doing your crypto taxes easy, so make sure to check out Koinly as you get ready for tax season!
Episode Time Stamps
02:30 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
04:20 - Can you please give listeners a high-level overview of Fiat24?
06:20 - There have been a lot of controversies lately about Centralized Exchanges (CEXs) - what makes Fiat24 different from traditional crypto exchanges?
08:25 - I understand that Fiat24 makes use of decentralized identity for user identification – tell me more about this.
10:40 - Can you give a quick overview of what a Soulbound token is for those who aren’t as familiar?
12:35 - What makes cryptocurrency such a powerful tool for financial inclusion?
15:55 - What steps need to be taken to onboard users from underserved markets including the unbanked and financially excluded?
19:30 - Let’s talk self custody – why is it so important?
23:15 - What’s the best way for listeners to learn more about Fiat24?
24:15 - 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?
Send a tip in ETH: cryptoaltruism.eth
Like what you’re reading? Consider contributing to Crypto Altruism so we can continue putting out great content that shines a light on the good being done in the crypto and blockchain community.
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.
Please note: we make use of affiliate marketing to provide readers with referrals to high quality and relevant products and services.
