“You and I can exchange value as long as we have an internet connection. We don't necessarily need an intermediary like we did before, and that’s exciting.” - John Ainsworth

From data to money to the ledger, traditionally, everything related to currency exchanges has been centralized. With the decentralization of finance, millions of people who could not access traditional banking have access to technology that can transform their lives and the way they exchange currency.

Today, I’m extremely excited to be joined by John Ainsworth, President and CEO of Bonifii. I've had the chance to get to know him personally over the last several years, and I respect him as a technology leader and a visionary in many different areas. After starting his career at SunTrust, he continued to Visa and Mastercard as a senior leader, driving strategy and change and implementing key policies and procedures.

In this conversation, John and I discuss the evolution of payment and authentication, how trust in the financial industry has changed over the years, what the humanization of money transfers looks like, the importance of trust, the role of technology in banking, potential risks and benefits associated with AI, and more.

Highlights

John’s background and career experience in the world of Fortune 50 companies

John’s journey from Visa and Mastercard into the startup world

The evolution of standard payment methods

How technology has revolutionized payment experiences

The transformation of currency exchange

The shift from centralized payments to peer-to-peer transactions and the use of various form factors for payments

Leveraging technology for the humanization of financial services

Recognizing the level of trust and confidence in financial systems that’s needed for a transaction to occur

Insights from the rising trust placed in cryptocurrency

Consequences of errors and the need for controls and balances

The changing acceptability of AI and the associated benefits and dangers

What people-driven tech means to John

Interconnectivity and the value of genuine connections, trust, and respect in the context of technology

Connect with John Ainsworth

John Ainsworth on LinkedIn https://www.linkedin.com/in/johnainsworthjr/

Bonifii Website https://bonifii.com/

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