The Problem with Sovereign Money Systems with George Harrap, Co-Founder of Step Finance

This week’s guest is George Harrap, Co-Founder of Step Finance. George has been in the crypto world for 12 years having been an early bitcoin miner in 2011 to co- founding the first crypto remittance company in 2014, later going on to cofound Step Finance in early 2021 with the goal of onboarding the next billion people in crypto.

He is passionate about sovereign money systems and the benefits cryptocurrencies can bring to the world and is currently leading the Step Finance team toward highlighting better on-chain data in the Solana ecosystem. Working around the world from Turkey to Hong Kong and beyond, not only does George have a long tenure in the crypto space, he also has a strong understanding of the various real-world use cases for crypto and decentralized finance.

Many of my listeners are within the United States. It’s important to step back every so often and remind ourselves of the many ways in which government, policy, and volatile native currencies can impact countries, businesses, and individuals, as well as the many ways in which crypto and blockchain technology have already been and are continuing to be adopted around the world. We cover all of that and more in this episode. With that, please enjoy my conversation with George.

For more information about George Harrap and Step Finance, please visit: https://www.step.finance/ 

You can Follow George Harrap on Twitter @George_harrap: https://twitter.com/George_harrap

Show notes:

[0:06] Introduction to George Harrap

[2:20] George's crypto origin story

[6:22] How has the Bitcoin thesis changed since the beginning

[12:16] Use cases for crypto in emerging markets

[20:05] What is the incentive for the US (or any sovereign nation) to change their banking system?

[21:28] Interesting crypto innovations that George has seen around the world

[25:04] What is Step Finance and how the company will "onboard the next 1 billion people into crypto"?

[31:15] For folks new to crypto, what data should they be looking at to start as they are onboarding into the place

[34:05] Keeping track of crypto transactions

[36:22] Hackathon, Future of crypto and most important things that need to be solved next

[43:46] Regulation and global ecosystem for crypto innovation

[50:10] What would it take for crypto to get to mass adoption, and where does it fail?

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