In this episode, we dive into the challenges of banking networks and how stablecoins can help solve them.Chapters:00:00 Intro00:30 Guest Intro02:18 What it is like living in Nigeria05:06 The Bitcoin mining brother06:27 Facebook & Libra Stablecoin10:10 What is Crypto and Digital Assets?12:45 What is wrong with the current banking network?17:30 Practical example: Why the system is failing23:32 The costs of using the current banking network29:58 SWIFT and the problem with banks' communication34:08 What is the blockchain network?42:40 What are Stablecoins?47:17 What are the types of Stablecoins?52:18 Stablecoins vs banking network speed57:24 Stablecoins vs banking network cost1:00:24 Stablecoins vs banking network transparency1:01:26 Stablecoins vs banking network agility1:04:36 Regulations and compliance in Stablecoins1:08:13 Why it’s harder to use Stablecoins for illicit activities1:13:43 Refuting the rumor: Crypto is for criminals1:20:00 Using Stablecoins to screen your customers1:22:17 Where are Stablecoins regulated?1:23:40 Challenges in regulation1:27:36 Banking system failures1:28:57 How should we view Stablecoins?1:31:21 What's Zodia Markets?1:34:32 How to start using Stablecoins – Practical example 11:37:58 Practical example 21:39:05 Zodia Markets future plans1:40:00 Africa challenge1:41:00 Final thoughts & closingGuest Speaker Name: Nick Philpott Title: Co-Founder Zodia Markets LinkedIn: https://www.linkedin.com/in/nick-philpott/ Company Link: https://zodiamarkets.com/ Host Name: Mohamed KortamLinkedIn: https://www.linkedin.com/in/mokortam/ Watch the Episode on Youtube:https://www.youtube.com/@MEATreasurersFollow us on: LinkedIn: https://www.linkedin.com/company/meatreasurersInstagram: https://www.instagram.com/meatreasurers/

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