
The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion Ep 97 | Expanding Access to the American Dream | A Conversation with Michael Milken
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May 23, 2024 Acclaimed philanthropist, Michael Milken, discusses financial inclusion, reducing industry friction, challenges of limited capital access, dispelling myths, importance of education and healthcare, and driving technology adoption with Circle CEO Jeremy Allaire. Topics include eliminating middlemen, demographic surprises, fostering trust, and access and inclusion.
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Internet Financial System Unlocks Global Inclusion
- Financial inclusion via digital currency can deliver internet-scale access to capital and reduce friction for creators and individuals.
- Jeremy Allaire frames stablecoins and blockchain as building an internet financial system comparable to internet communications and commerce.
Kenya Digital Payfelt Like A 20% Raise
- In Kenya, switching to digital payments felt like a 20% raise to workers because middlemen were eliminated.
- Michael Milken recounted Milken Institute staff digitally paying locals and realizing higher take-home pay with no actual wage increase.
Stablecoins Make Humanitarian Aid Safer
- Stablecoins can provide refugees and aid recipients with corruption-resistant, real-time access to funds.
- Allaire cites UN partnerships delivering USDC instead of cash to reduce targeting and middleman diversion.

