Hawala is one of the oldest, fastest and cheapest international money transfer systems. So how come you’ve never heard of it?
In this episode on “Why Is It So Hard to Move Money?” Samantha Yap is joined by George Harrap, Co-Founder of Step Finance and Head of DeFi at YAP Global. They touch on the common challenges with attempting to send and receive money around the world. George takes us through some fascinating alternatives to bank transfers that have arisen out of necessity to fill the gaps in current financial systems, including Hawala. Finally, they explore how cryptocurrencies may prove to be the borderless money transfer solution of the future.
Join Samantha Yap on a quest to discover the history of money, to better understand why Bitcoin, cryptocurrencies and decentralised finance may play an important role in our future. She’ll take you on a 5-minute audio journey that touches on the history behind today’s topic, followed by the best parts of her conversation with returning guest, George Harrap.
George is a veteran crypto entrepreneur. Having started in the crypto world almost a decade ago as an early miner, George brings a wealth of experience. He has built the first crypto remittance startup in the world, built 6 cryptocurrency exchanges both centralised and decentralised, and launched 12 stablecoins. George now focuses exclusively on the DeFi space - which he believes is the next giant leap for crypto assets and blockchain technology.