Could we lend against crypto assets, with Phil Blows (AQRU)
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 10 February 2022
⏱️ 33 minutes
🧾️ Download transcript
Summary
We owe this episode to a comment Praveen Sinha made in episode 15. Praveen was talking about the trends to watch in fintech/ lending in India and mentioned cryptocurrency as an asset he'd love to lend against, not least of all for the global scope it could add to his business.
And that stuck in my mind. So when I learned of AQRU and the fact that they were paying actual money interest on crypto deposits, I wondered if we could put two and two together - after all, wouldn't the first step in treating crypto like a real asset look at a lot like that?
But I know so little about crypto that we had to start by taking a few steps back. Join us to learn more about the current state of the crypto market and what it might take to turn it into an asset a lender might consider to be suitable security.
You can learn more about AQRU on their website: www.aqru.io
You can find - and chat to - Phil on LinkedIn
You can find Phil’s own book - The Money Triangle - and the one he mentioned - A Beautiful Constraint - both on Amazon
You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect while there), and if you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me at brendan@howtolendmoneytostrangers.show
A full written transcript with timestamps can be found on HowtoLendMoneytoStrangers.Show
You can also find my pulpy action-adventure novels in all their formats on Amazon
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Transcript
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| 0:00.0 | because it means that people who've been cut off from traditional banking, |
| 0:04.8 | they are getting access to credit that they've never had before. |
| 0:07.8 | All of you are still within the World of Crypto currency. |
| 0:10.1 | That was the original aim of crypto to help bank the unbanked CEO to level the playing field |
| 0:15.8 | in the world of finance. |
| 0:21.7 | Welcome to How to lend money to strangers. I'm your host, Brendan Lagrange. |
| 0:26.7 | I've been working in consumer lending for the last 20 years. |
| 0:30.8 | Currently within a startup that's game-of-fying access to credit among the unbanked, |
| 0:35.9 | check us out in episode 24. |
| 0:37.8 | But first with a major credit card issuer in South Africa. |
| 0:41.1 | My international adventure though started in the middle of 2009 when I moved to Denmark. |
| 0:47.0 | It was a time in history that I've always considered as just before the soccer world cup came home. |
| 0:52.9 | But if you're into cryptocurrency it's also the year that Bitcoin went live. |
| 0:58.0 | Priced in the sense at the time. |
| 0:59.6 | Two years later I moved to Asia and Bitcoin passed the $1 mark for the first time. |
| 1:05.0 | Though it didn't just pass the $1 mark, it made it all the way up to $30 |
| 1:09.6 | before falling all the way back to below $5. |
| 1:12.8 | And that in a way is a microcosm of the Bitcoin experience, at least to my rather uneducated eye. |
| 1:19.8 | Growing demand, rising prices, but also volatility. |
| 1:24.2 | That said, it's 10 years later now. |
| 1:27.1 | Things are more mature and I whole wallet full of other cryptocurrencies exist. |
| 1:31.4 | Big institutions have got involved. |
... |
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