How can blockchain technology change the way we bank? In this episode of the Unstoppable Podcast, Calvin Liu, Strategy Lead at Compound, joins us to talk about how Compound is using decentralized technology to reshape the way we think about financial institutions.
Calvin talks about some of the obstacles that have stood in the way of widespread adoption of crypto, like tight-knit, exclusive communities, confusing language, and lack of accessible education.
He explains how Compound is building a bank on Ethereum that does everything a traditional bank on the high street would do. We cover who is using Compound right now, how the technology works, and what makes it different from a traditional bank.
Calvin talks about the idea of challenger banks - new online banks that are disrupting this ancient industry and offering a new take on how we manage and store our money. What does the future look like for this concept and what are some of the challenges facing it?
Finally, Calvin shares about some of the exciting developments ahead for Compound in the near future.
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You can follow our guest, Calvin Liu, on Twitter and LinkedIn, and learn more about Compound here.
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