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Can Blockchain Topple Traditional Finance?- Matthew Van Niekerk
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Summary(Season 2, Ep15):
Matthew Van Niekerk, CEO of SettleMint, discusses how blockchain technology can revolutionize the financial sector and other industries by addressing outdated processes and promoting gradual adoption to mitigate risks. He highlights the skills gap in blockchain adoption and explains how SettleMint helps bridge this gap by enabling Web2 developers to build Web3 apps and partnering with implementation partners for broader scalability.
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Takeaways:
- Blockchain can change how the financial sector works and make many industries run more efficiently.
- Our current financial systems are based on outdated methods from the 1920s.
- Traditional banks and financial institutions need to use blockchain to serve their clients better and stay up-to-date.
- Inflation and high interest rates are making cryptocurrencies more popular in the global South.
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