Crypto Altruism Podcast Episode 71 - RemittDAO - Crypto, the future of remittances, and inclusion for the unbanked
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.
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
Episode Time Stamps
01:30 - What was your “Ah hah” moment that got you interested in cryptocurrency and web3?
07:25 - Talk to me about remittances, and some of the challenges that exist within the current system?
11:10 - Tell me about RemittDAO, and how you are looking to address these challenges.
17:45 - How can crypto create a fairer system for remittances?
19:25 - Beyond remittances, how can web3 build a more equitable and fair global financial system?
21:55 - I understand that you recently decided to expand your mission and start offering coding and web3 courses to the children of migrant workers. Tell me more about this.
29:15 - What is the long-term vision for RemittDAO? Where do you see it 5-10 years in the future?
32:30 - What’s the best way for listeners to learn more about RemittDAO?
34:20 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific projects or cryptocurrencies in this podcast, please don’t take any of this as investment advice, and please make sure to do your own research on any potential investment opportunities. Full disclaimer available HERE.
