Crypto Solutions for Humanitarian Aid: Pitfalls, Challenges and Opportunities

This episode is sponsored by Nexo.io, Quantstamp and EY. “While there is quite a bit of interest, there's still quite a bit of skepticism” when it comes to crypto solutions for humanitarian aid, Jeremiah Centrella says.  Joining “Money Reimagined” hosts Sheila Warren and Michael Casey is Jeremiah Centrella, a partner at the law firm of Nichols Liu and former general counsel at Mercy Corps. Centrella explains where humanitarian aid organizations are on their journey of exploration of crypto and the value proposition these organizations provide for the crypto ecosystem. Centrella identifies the common hesitancies organizations experience before considering crypto, including a fear of the more negative narratives surrounding crypto. Increased awareness, education and technology integration can help crypto solutions take hold. The many complexities of humanitarian aid solutions prove a challenge for crypto integration. A carefully crafted solution, always with the needs of the people prioritized over the technology, must be flexible and adaptable in order to best assist those in need. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Quantstamp is the leader of blockchain security, having secured over 100 billion USD worth of digital assets. Visit quantstamp.com to learn why top DeFi projects like Maker, Compound and BarnBridge trust Quantstamp to secure the financial infrastructure of tomorrow. Learn more at quantstamp.com/blog. - EY is proud to sponsor “Money Reimagined.” As businesses prepare for the token economy, EY is committed to building a better working world and connecting global business ecosystems on the public Ethereum blockchain. To learn more about the EY Blockchain portfolio of products and services, visit blockchain.ey.com. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MoneyReimagined15 to get 15% off your GA and Pro pass at www.coindesk.com/consensus2022. - This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and additional production support by Eleanor Pahl. Our theme song is “Shepard.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.