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Many argue that cryptocurrencies – as well as the blockchain technology that forms the basis of this digital money – can help create more open and democratic financial systems in parts of the world that have historically lacked these privileges.

But some have cast doubt on the idea that crypto represents a more cost-effective alternative to traditional financial transactions, while the price volatility of the likes of Bitcoin has been well documented. Environmental and regulatory concerns are also often cited.

In this episode, experts weigh up these arguments and assess the potential of crypto to create more inclusive, democratic financial systems.

Speakers

• Sara Pantuliano (host), Chief Executive, ODI
• Cathal Long, Research Fellow, ODI
• Sheila Warren, CEO, Crypto Council for Innovation
• Mercina Tillemann Perez, Vice President, Circle Impact
  

Further reading

• Remittances for recovery: a new era of digital money
• More action is required to lower the costs of remittances through mobile money
• Coinfusion: digital money is creating opportunities and dilemmas for policy-makers