Episode 133 - impactMarket - Decentralizing financial services for the last mile with blockchain

Crypto Altruism Podcast

In episode 133, we’re excited to welcome Will Le, CEO of impactMarket, the human empowerment protocol, which provides accessible financial solutions and knowledge to empower underprivileged people worldwide, unlocking opportunities and human potential. We discuss how blockchain enables more transparent and effective microcredit programs, their innovative Learn & Earn Program, decentralized unconditional basic income for the last mile, and much more.

--Three Key Takeaways--

• Microcredit & UBI projects are really hard to do right, as they face a lot of financial frictions and challenges with transparency & efficiency. While the concept behind these programs is great, it’s the delivery that is often the problem. By removing intermediaries and bringing all transactions on-chain, it can go a long way in removing financial frictions and creating more transparent and efficient programs.
• “Necessity breeds innovation.” It can be valuable to build solutions in communities where they are needed most. When doing so, it’s important to learn from the local expertise and actively engage the community in the development of the programs.
• One of the biggest challenges in the delivery of financial services to the last mile is that many participants lack proof of identity and credit histories. By bringing all of their programs on-chain, impactMarket is helping participants develop on-chain reputations which can help them access other programs & services.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-133-impactmarket-decentralizing-financial-services-for-the-last-mile-with-blockchain
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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, before making an investment. 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 on the disclaimer at cryptoaltruism.org.
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