MONEY REIMAGINED: Building the Boring Stuff: Making Payments Sexy
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 February 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
What is the role of the U.S. dollar? Is it not just a purchasing power but a language? As the crypto economy shifts, can stablecoins keep Bitcoin's original promise in payments, foreign exchange and cross-border settlement?
On this episode of “Money Reimagined,” Michael Casey speaks with Gordon Liao, chief economist at Circle, the creator and issuer of the USDC stablecoin token; and Alex McDougal, the CEO of Stablecorp, a Canadian-based company that has created the Canadian dollar-backed stablecoin QCAD, to discuss the future of payments with the integration of stablecoins in the ever-changing crypto economy.
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This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”
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Transcript
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| 0:00.0 | Money is changing. |
| 0:03.8 | So where do we go from here? |
| 0:06.1 | Through high-profile interviews and thought-provoking analysis, |
| 0:09.2 | join Michael Casey and Sheila Warren for the Money Reimagined podcast, |
| 0:13.4 | as they explore the connection between finance, human culture, |
| 0:15.9 | and are increasingly digital lives. |
| 0:20.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:25.0 | And now, here's Michael Casey. |
| 0:28.9 | Hello and welcome to Money Reimagined. I'm Michael Casey. |
| 0:32.5 | Sadly, we have another episode where I'm on my lonesome. |
| 0:36.3 | I promised that in the near future we'll return to a regular cadence with Sheila by my side. |
| 0:41.3 | Today we're going to be talking, among other things, about payments, foreign exchange and cross-border settlement. |
| 0:48.3 | All right, I get it. |
| 0:50.3 | These aren't typically viewed as the sexiest topics. |
| 0:52.3 | They deal with the plumbing of the global financial system. |
| 0:55.0 | And like plumbing that makes kitchens and bathrooms function, |
| 0:58.1 | most of us are happy not knowing how these things work. |
| 1:00.8 | We just want to pay or get paid. |
| 1:03.8 | But in the wake of the blowups of FTX, Celsius, Voyager and others, |
| 1:07.7 | which abruptly ended an era of to the moon speculation |
| 1:10.7 | and fast money being |
| 1:11.8 | made on defy tokens, NFTs and so forth, it's perhaps now time for the crypto industry to focus |
... |
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