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Decentralizing Banking with Erik Voorhees

By The Mission

Our modern-day system of banking wasn’t always based on fiat currency controlled by the Federal Reserve. In fact, for most of U.S. history, there hasn’t been a central bank. It wasn’t until 1913 that the Federal Reserve was created and the dollar was no longer backed by gold or silver, thereby allowing for inflation. Cryptocurrency is changing the way we generate, store and transfer money. And for the first time ever, the idea of a centralized banking and financial system is slowly fading into the past. Erik Voorhees is the founder and CEO of ShapeShift, a company that allows the seamless transformation of cryptocurrency assets. In simpler terms, ShapeShift allows you to turn cryptocurrency like Bitcoin into another form of crypto, like Ether. Through his work with ShapeShift, Erik has gained a unique perspective on how the worlds of traditional and crypto finance interact and, more often than not, clash. His company has often faced criticism from both the media and mainstream financial institutions. In this interview, Chad and Erik sit down to discuss how ShapeShift is working to decentralize the financial and banking system. They also talk about how cryptocurrency and other digital currencies can be used to fight inflation and the crypto trends Erik’s excited about for the future. Mission Daily and all of our podcasts are created with love by our team at Mission.org We own and operate a network of podcasts, and brand story studio designed to accelerate learning. Our clients include companies like Salesforce, Twilio, and Katerra who work with us because we produce results. To learn more and get our case studies, check out Mission.org/Studios. If you’re tired of media and news that promotes fear, uncertainty, and doubt and want an antidote, you’ll want to subscribe to our daily newsletter at Mission.org. When you do, you’ll receive a mission-driven newsletter every morning that will help you start your day off right!

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