S2:EP2 - Digital Currency & The Future of Money 

Summary:  In this episode, Krystal speaks with former financial analyst, Khadeja Austin about digital currencies, the future of money, and the importance of community empowerment in technology.  Khadeja provides insights about the current state of cryptocurrency markets, differences between cryptocurrencies and digital wallets, the significance of stable coins, and a little about tokenomics.  WEB 3 started with Bitcoin introducing digital currencies and while Fintech/Defi intitialized it's journey, Krystal and Khadeja explore the magic of digital currencies and the cycle of money in communities. 

The conversation also highlights women in technology and the need for financial and technical education within communities to navigate the evolving landscape of digital currencies and blockchain technology. 

Note from Khadeja about stable coin, Tether:  Tether is pegged to the US dollar at a 1:1 ratio, serving as a stable medium of exchange and liquidity in the inherently volatile cryptocurrency market. Unlike traditional fiat currencies, it is not backed or guaranteed by the U.S. government but is instead issued and managed by a private entity. Stablecoins like this are designed to reduce price fluctuations, providing users with a more predictable and reliable tool for transactions and investments within the crypto ecosystem.

Key Points:

• Digital Money, Money Money!
• Current state of cryptocurrency markets and its challenges and opportunities 
• WEB 3 fundamentals of digital currencies and tokenization
• Stable coins and ETF funds providing investment options for those looking for less-risky alternatives for digital currencies 
• Review of the possibility of funding startups through ICOs as an alternative to the traditional IPOs regulated by government.  
• Smart Contract Opportunities
• Understanding how the technology of WEB 3 and the digitization of money, can equalize the distribution of wealth and progression in communities, and shaping the future of technology. 
• A millenial point of view of WEB 3 and a bit of advice about embracing the future of a cash-less society 

 

 

Connect with Guest: Khadeja Austin at BWC Tech