As the COVID-19 outbreak wreaks havoc on the United States’ economy and abroad, investors grapple with a second economic downturn in just over a decade. While the 2008 financial crisis and the coronavirus pandemic are very different, both events have produced market volatility and allowed for new technologies to emerge.
The economic disruption wrought by the pandemic also highlights the importance of serving people who are currently outside the financial system, both in developing and developed economies. Today, there are 1.7 billion unbanked individuals worldwide, according to the World Bank.
Tim Frost is the founder of Yield, a fintech app making DeFi accessible to everyone. Specializing in early-stage blockchain startups, Frost helped accelerate blockchain companies at the likes of QTUM, NEO, Paxful, Polymath, Selfkey and Everex. He was also a founding member of the Wirex, a digital banking platform, and helped grow EQIBank. His expertise in banking, blockchain and technology has played an influential role in helping develop the tools and products for Yield.