• Regenerative finance (ReFi) offers an alternative to the current financial system and provides more accessibility and inclusivity to blockchain technology.
• ReFi attempts to bring awareness to how the present financial systems operate in an “extractive” and “exploitative” manner, emphasizing equitable accessibility and distribution.
• ReFi has enabled “tangible and accessible use cases” that users can “plug in” to, and increase their overall prosperity and well-being.
On this week’s episode of NFT Steez, hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss Regenerative Finance (ReFi). ReFi is a mission-driven movement that enables users to redefine their relationship with the current financial system and their relationship with finance and wealth. Mutmainnah emphasized that often ReFi is seen as synonymous with climate, but it has enabled “tangible and accessible use cases” that users can “plug in” to and increase their overall prosperity and well-being.
Mutmainnah explained that ReFi intends to bring awareness to how the present financial systems operate in an “extractive” and “exploitative” manner. She drew a comparison to fast fashion, explaining that what enables a user to purchase a shirt for $5 often comes at the expense of a child laborer. These “extractive” systems are no longer working for people, and a core tenet of ReFi is equitable accessibility and distribution.
Mutmainnah sees ReFi as a way to provide more access to financial services that would allow people to meet their daily needs. ReFi has the potential to redefine what money means and how it’s used. It can also create a more inclusive and equitable financial system that is focused on environmental and social good.
Overall, the conversation between Alyssa, Ray, and Mashiat highlighted the potential of ReFi, and how it can help make blockchain technology more accessible and beneficial to people all over the world. ReFi has the potential to create a more sustainable and equitable financial system, and could ultimately help people meet their daily needs and increase their financial prosperity.