Let us know what you think of this episode

Summary(Season 2, Ep8):

Sami Start, co-founder and CEO of Transak, highlights the journey of building a reliable crypto banking infrastructure with a focus on regulation, compliance, and global accessibility. He emphasizes the practical benefits of blockchain technology, such as 24/7 accessibility and cross-border transactions, while discussing the challenges of user onboarding and brand building in the Web3 space.

For more stories on Financial systems, Crypto, and the Islamic economy, sign up for our Newsletter here:

Takadao

Takeaways:

• Blockchain technology is useful because it works 24/7, allows easy international transactions, and lets people control their own money.
• Financial apps on the blockchain, including those using real-world assets, are growing and should be easy and practical to attract users.
• Developing layer two solutions and systems to connect different blockchains is key for a smooth user experience.
• Tokens are important for Web3, but companies need to ensure they follow rules, are ethical, and provide real value to users.