For Episode 71, we’re excited to welcome Craig Schuster, Founder of RemittDAO, a social impact DAO focused on building wealth in migrant & refugee families, worldwide. They do this through teaching web3 skills & enabling digital remittance payments; especially for those who are unbanked. In this episode we discuss how crypto can build a fairer remittance system for migrant workers and those who are unbanked, their plan to provide web3 and digital remittance education to migrant communities, how crypto and web3 can lead to financial inclusion for the unbanked, and much more.

Full shownotes available at cryptoaltruism.org

Three Key Takeaways

• The remittance system is broken, and those who are most vulnerable, such as refugees, migrant workers, and the unbanked, are paying the price with high fees and interest rates.
• The tools exist to fix the remittance system with cryptocurrency. However, we can’t go by an “if we build it, they will come” approach. Coordinated education is needed to make sure those who need these tools most have the support and onboarding to make use of them.
• A community-driven approach is needed to implement web3 solutions in vulnerable populations. These solutions must be locally-driven, with the local communities having ownership over the project. 

Follow Craig and RemittDAO

Twitter - Craig

Twitter - RemittDAO

Website

Discord



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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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