Mike Sall and Blake West are the founders of Goldfinch, a decentralized protocol facilitating uncollateralized credit.“One of the borrowers is a company based in Uganda. They provide rent-to-own loans for motorcycle taxis to thousands of customers. They've borrowed $5m to expand their operations."Thousands of people in countries like Uganda, India, and Brazil have been financed by Goldfinch loans through local lenders, largely without realizing crypto is the source of funds.These local lenders are largely innovative fintechs in the global south, and have historically fallen into an uncanny valley — they need too much capital for what is available in their local financial markets, and too little capital to navigate foreign institutional markets.3:09 - The 'lightbulb' moment8:20 - The financing gap for emerging-market borrowers13:04 - Borrower profiles; Tugende, DiviBank, and Greenway15:43 - Interfacing with Goldfinch20:37 - Crypto-native KYC and how UID works23:18 - Bottlenecks for the global adoption of crypto34:40 - Compliance requirements for Goldfinch in the United States45:25 - Compliance requirements for borrowers in emerging markets50:56 - Demographics of ‘Backers’52:43 - Incentive alignment and fraud-prevention1:03:53 - Learnings from shipping a production smart contract system1:15:01 - Launching GFI token and governance of the protocol1:26:04 - The macro point of viewCheck out our website for other episodes: intothebytecode.xyzSubscribe to our newsletter for updates: bytecode.substack.comTwitter: twitter.com/sinahab