Caizcoin - Juxtaposing Ethics and Finance
Host
Producer
Status
Platform used
Sponsors
Recorded link
Date & Time
‣
Episode
405
Guest & Project
Philippe Theunissen
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For this episode of Bankless Africa, we had a conversation with Philippe, and without giving too much away, I have to ask, why are you here? What is it about crypto and blockchain technology that truly makes you feel we are on the precipice of something great, something monumental?
This episode challenges that, it questions what crypto and capitalism truly aims to do. If you take nothing from the episode, take this, there is still space for the people to be put first, this brand of capitalism is far from ideal, let it not be the hill we die on.
Before we get into the conversation, I have to warn you that for the first part of the recording I had been saying caiz and not jaiz, the latter which is in fact the correct pronunciation. With that, remember to subscribe and share the podcast with your closest friends, perhaps as a conversation starter at your next brunch meet.
Enjoy the episode, I will see you on the other side.
BACKGROUND RESEARCH
Guest Research
- Chief Executive Officer & Chief Blockchain Officer at Caiz
- Very global work history - since 2001, China, Belgium and the Netherlands
- a diverse background in AI, finance, and blockchain
- “create an ethical financial ecosystem that provides our users with ethical and Islamic compliant financial products that empower our users to build a stable and bright financial future, a future that not only increases our users’ wellbeing, but also the wellbeing of our entire societies”
Project Research
- Caiz is a worldwide company focused on innovative technologies and software development. We believe in collaboration, positivity, and ongoing development, and we are committed to providing exceptional service to our clients while also giving back to our community.
- a Fiqh-compliant fintech startup in Frankfurt, Germany
Ep Guide
Intro
- Philippe Theunissen is the Chief Executive Officer & Chief Blockchain Officer at Caiz. He has quite the colourful background with experience in AI, finance, and blockchain technology. Stating what his mission is at Caiz, he said to “create an ethical financial ecosystem that provides our users with ethical and Islamic compliant financial products that empower our users to build a stable and bright financial future, a future that not only increases our users’ wellbeing, but also the wellbeing of our entire societies”
Episode Questions
- You have quite the experience as I just mentioned, is there perhaps story to how it all started? You have worked with everything from software, to skincare, houseware, web apps and an endless list of other areas, how did they all factor into each other? ✅
- Begin with podcast episode guests (to agree on when, duration, setting, and topics to discuss). 2- Afterwards the podcast have a meeting to understand how our platform can help your community to support small enterprises etc
- To give us a baseline, what is the core of Islamic finance ethics? ✅
- Why is it so important to have a company that caters specifically to those ethics versus assimilating?
- Caizcoin is a cryptocurrency that can be used on the Caiz blockchain to make payments, store value and to interact with the ethical financial products that will be built while the Caiz Chain is a hard-fork of the Stellar Blockchain, upgraded with the innovative IFBA consensus mechanism, a deflationary, use-case driven tokenomics and built-in Fiqh Compliance. You also have the caiz-wallet and caiz app, can you tell us more about these products and how they work? ✅
- According to my minimal knowledge, two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors - how does Caiz align with this in a world where the risks are highest? ✅
- Morals and capitalism do not go together very well, how does Caiz manage this, can your users truly trust that you are fiqh compliant? And is there a way to verify this? ✅
- Will users/developers be able to build on caiz or they would require an API as permission to do so? ✅
- why stellar?
- not immune to the macro ✅
- adhereing to regulation - something this people based is bound to receive a lot more red tape ✅
- 3 words on how you feel the space is shaping up within the next few years.
Disclaimer
- None of what we share is financial advice, please do your own research, especially when the space tends to shift so rapidly.
- Nothing is set in stone, there is a world yet to be discovered, and this time, Africa is at the core of the table.