#FinancialFox Podcast The new money market, financial inclusion & environmental economic impacts of crypto

 In this episode of #FinancialFox podcast, Steffy talks to Patrick Baron, founder of Moola Market about the evolution of the money market with the advent of blockchain technology, financial inclusion and the sustainable aspect of mining cryptocurrencies. Moola is a non-custodial liquidity protocol that is democratizing access to yield and credit. Visit https://moola.market/

HIGHLIGHTS

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The new money market

The concept of money is being disrupted by cryptocurrencies and blockchain, which allow for tokenization and monetisation of assets. "The current financial system is set up to create growth through debt and that is unsustainable" says Patrick. A blockchain-powered money allows for more creation of value and sustainable finance. 

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Environmental-friendly crypto

With some experience in the renewable energy industry, Patrick discusses the environmental impact of crypto mining and how crypto could be more sustainable and green. "Bitcoin turns electricity into money, that's what makes it so resistant to attacks," says Patrick.

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Financial Inclusion

Steffy and Patrick also talk about the role of community and local connections to help increase financial inclusion in developing countries. Crypto has opened up opportunities for people to be integrated in the system that previously excluded them. This also means more access to financial services that bring value to both individuals and businesses.