Description

Big banks (aka the Banking Cartel) has been able to push us around for too long. With their close ties to the mafia, I mean the government, and their access to monopolized fiat money rails (SWIFT, etc)…we have had nearly no choice to build, store and transact our wealth in terms of money. Sure, we could use cash, but that’s really inconvenient and not congruent with our 21st century, digital world. Let’s face it, we’ve been pushed in to a corner for decades.

Since interest rates are so low, it means that banks may be better off (yield-wise) borrowing from the Central Banks rather than from their typical banking clients. This creates an inverse incentive for customer service and we, the historic loaners, are now seen as a compliance risk with additional complication. This means that banks become less and less willing to make small loans or accept “high risk” (ie low profit) clients as they once would.

My guest, Hayden Miyamoto, knows this all too well. His company www.Fundary.com has the motto “arming the world with global decentralized credit and investments”.

He currently lives in Mexico and tells us how the local people actually save, lend and borrow money. They live entirely outside of the legacy banking system which comes with its own set of risks and expenses. Often it requires insane % of capital to borrow for a loan and the interest rates can be >100%/year.

The problem, as Hayden describes, is liquidity. Now that blockchain tech has become more accepted and better understood, the benefits have started to shine. With the ability to accept peer-2-peer, micro loans from clients around the world, Hayden and his team can offer the Mexican people APR rates far below the current market rate.

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Meet the hosts

Ashe Whitener is the founder and host of the Liberty Entrepreneurs Podcast which aims to provide an alternative perspective to achieving individual freedom through the creative, entrepreneurial process rather than through the tried and failed process of politics. Ashe has two BS degrees in Engineering and is also an original member of Peter Schiff’s Euro Pacific Bank where he is currently the Head of Business Development. Much of Ashe’s experience has come during his time living in Panama and he continues to consult global teams on various projects including tech startups and offshore asset protection.

discussions

  • I’m interested in working for Bitcoin but atm it’s hard to find these kind of sites. At the moment it seems quite hard to benefit from Bitcoin unless you have purchased Bitcoins through your current accounts as investments. However, as someone noted somewhere else, buying and selling goods for Bitcoin online seems to be hard. How can Bitcoin make a real difference while it’s still not a feasible currency for most of us?

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  • Dogecoin is an excellent coin to use for micro transactions and is commonly used for tipping on articles. The coin is a sort of self-proclaimed “joke coin” which has gained a lot of popularity. This video is a good indicator of the lighthearted nature of the community as a whole. For more information on Dogecoin, including a look at the history of the coin, the team and how to purchase, see: “What is Dogecoin“. News Source: TheCoinRepublic

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  • KuCoin Shares is a coin issued by the cryptocurrency exchange platform, Kucoin. Similar to Binance Coins, users of Kucoin will be able to pay for the platform’s exchange fees at a discounted rate. In addition to discounted transaction fees, holders of KCS will be awarded a Kucoin bonus. As detailed in Kucoin’s whitepaper, the amount of Kucoin bonus paid out to coin holders will be equal to half of the total fees charged by the Kucoin exchange. News Source: TheCoinRepublic

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  • Silsal, as the venture is titled, utilizes an electronic blockchain record framework to give full load perceivability and streamline exchange streams and supply chains. Whenever tried effectively, the Silsal blockchain task hopes to mechanize the trade, ID, and affirmation of load reports between Abu Dhabi ports and Belgium’s Port of Antwerp. Every partner demonstrations like a hub of a blockchain organize who gets the chance to get to and recognize the ongoing store network of the transported things. Abu Dhabi Ports has collaborated with its Belgian partner to start a blockchain-fueled production network pilot venture. News Source: TheCoinRepublic

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  • VeChain has been in Headlines these days, sometimes due to its price predictions and sometimes due to its major partnerships associated with Big names, continuing the legacy, The VeChain project has now announced that Deloitte will join its network to develop its own blockchain solution in the VeChainThor network. The leading audit company has announced its migration from the Ethereum network. Deloitte-VeChain Partnership During the VeChain Summit 2019 in San Francisco, the news about VeChain-Deloitte comes into the light through a Tweet, The summit was organized for widespread adoption of VeChain, where they further explained how VeChainThor could be used for a variety of innovative future applications and solutions, such as ToolChain, which VeChain says allows companies to launch solutions in under 30 minutes. Antonio Senatore, CTO of Blockchain Global, Deloitte Board Member, will also join VeChain’s Advisory Board. Deloitte is one of the “Big Four” professional services firms and other Big Four members, Pricewaterhouse Coopers, is also working with VeChain to find blockchain solutions. Deloitte is the largest of these four groups and all members — Ernst and Young and KPMG being the other two — are currently exploring the possibility of implementing blockchain technology. BMW-VeChain Partnership The leading German automaker made the announcement during VeChain Summit 2019 and said VerifyCar will publish every interaction with a car in VeChainThor’s public ledger. The application will help you deal with odometer fraud, which is a big problem in the automotive industry. According to a company official, almost a third of the vehicles sold in Germany have been manipulated with their odometer and as the value of a used car depends on the number of kilometers traveled, the resulting effect is an economic fraud of approximately $ 3,400 per vehicle. VerifyCar is a digital passport that will allow customers to verify the car’s odometer and maintenance history. BMW has introduced a mileage verification tool based on the VeChain blockchain called VerifyCar. The tool will be used to allow buyers to verify the actual history of a car. VeChain’s Significant Progress in 2019 The VeChain project made significant progress in 2019, forging numerous partnerships and revealing attractive solutions for companies like ToolChain, and also integrating its NFC chips into Adidas’ official sneakers for the new Game of Thrones season. Getting Deloitte, which generated revenue of about $ 43 billion in 2018, works with VeChainThor is no small feat either, and offers some validation of the potential of the project. VeChain Thor Price Prediction BMW generated 97 billion euros in revenue and Deloitte generated revenues of more than $ 43 billion last year. Having these big players in VeChain Network will serve as a beacon for more companies to explore the blockchain of VeChain Thor. This would lead to an increase in adoption of VeChain’s blockchain and possibly a long-term forecast of VeChain Thor’s price forecast. Right now, VeChain is trading at $ 0.007006. It increased by 1.10% against the US dollar and by 3.87% compared to the price of the BTC. The volume of transactions over a 24-hour period is $ 388,538,192 and the market capitalization is $ 16,885,075. With more news from VeChain like this, the VET token could reach the $ 45 level, as predicted by smartereum.

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