Ep 71 | On-Chain Credit & the Future of Lending with Ryan Berkun of Teller
October 21, 2022
Access to credit is fundamental for everyone who wishes to secure a better future for themselves. Yet millions of would-be borrowers worldwide lack this access, in part because they have little opportunity to build the kind of identity and reputation that lenders seek.
Teller* Founder and CEO Ryan Berkun wants to disrupt this system. Ryan believes blockchain technology can dramatically expand access to credit, enabling people with limited capital to not only borrow with greater simplicity, but also build an on-chain identity and reputation that’s open, transparent, and portable.
Ryan sees the merger of on-chain technologies with off-chain assets as the next great extension of the American dream. Home loans, auto loans, and even student loans and other personal debt could all eventually be supported with the types of marketplaces he’s cultivating. This emerging infrastructure could enable a new wave of financial inclusion and economic activity that offer the prospect of rising prosperity for millions while protecting their identity and privacy.
*Teller is a Circle Customer with a Circle account
Access to credit is fundamental for everyone who wishes to secure a better future for themselves. Yet millions of would-be borrowers worldwide lack this access, in part because they have little opportunity to build the kind of identity and reputation that lenders seek.
Teller* Founder and CEO Ryan Berkun wants to disrupt this system. Ryan believes blockchain technology can dramatically expand access to credit, enabling people with limited capital to not only borrow with greater simplicity, but also build an on-chain identity and reputation that’s open, transparent, and portable.
Ryan sees the merger of on-chain technologies with off-chain assets as the next great extension of the American dream. Home loans, auto loans, and even student loans and other personal debt could all eventually be supported with the types of marketplaces he’s cultivating. This emerging infrastructure could enable a new wave of financial inclusion and economic activity that offer the prospect of rising prosperity for millions while protecting their identity and privacy.
*Teller is a Circle Customer with a Circle account
In their Money Movement conversation, Ryan and Jeremy cover:
👉 [00:01:16] On-chain, no-collateral lending
👉 [00:05:43] Blockchain’s role in enabling global financial inclusion
👉 [00:07:46] Teller’s trajectory
👉 [00:10:55] Teller’s native crypto credit
👉 [00:12:49] Dealing with risk in a lending market without collateral
👉 [00:13:44] Teller as an enabling infrastructure for digital loans
👉 [00:15:53] Multiple use cases of the evolving credit market
👉 [00:18:05] Navigating identity on the blockchain
👉 [00:19:55] Extending the reach of bridges to credit on-chains
👉 [00:21:39] Adapting to regulation
If you’re interested in how blockchain can enable global financial inclusion, tune in to this episode of The Money Movement!
Subscribe here:
👉 YouTube: https://bit.ly/3lUcJFN
👉 Apple: https://apple.co/3G3CrPZ
👉 Spotify: https://spoti.fi/3lUd6jF
And connect with Ryan here:
👉 Twitter: https://twitter.com/ryanmberkun
About the show
The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient, and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores the issues, ideas, and icons driving this transformation in how we spend, send, save, and store value.
The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through the frictionless exchange of value. Learn more about Circle Business Accounts and Platform APIs at circle.com.
The Money Movement with Jeremy Allaire is handcrafted by our friends over at: fame.so