"Banking, Payments, Stablecoins | Plus Market Crash and COVID-19" | Interview with Shamir Karkal of Sila
By Jonathan G. Blanco
In this episode I interview Shamir Karkal, Founder and CEO of Sila, a Banking and Payments API platform, leveraging blockchain technology and issuing its own stablecoin, backed ot the US Dollar, to make the transfer of money quick and easy. Shamir has spent the majority of his career across different areas of the banking sector, from consulting and McKinsey, founding Simple Bank, being acquired by BBVA, and launching Sila. Shamir shares some history on the banking system and digital money, how we send money and payments, the recent downturn in the economic markets, what this means for the banking sector, and how COVID-19 has impacted the economy and timeline for recovery. This conversation was timely for today’s current economic state, with lessons that will live on.