Allen Farrington

In this engaging discussion, Allen Farrington, an author and co-founder of Axiom Capital, reveals the hidden intricacies of fiat payments. He debunks the myth that fiat is simple, illustrating how numerous intermediaries complicate transactions. Allen contrasts this with Bitcoin's potential as a straightforward settlement mechanism. He explores Lightning's promise for business-to-business payments while addressing its challenges for consumers. The episode also touches on the evolving role of stablecoins and offers insights into Bitcoin's impact on investment strategies.

Allen Farrington, a venture investor and Bitcoin-native company founder, joins Harris Irfan, a former investment banker specializing in Islamic finance. They explore the intriguing connection between Bitcoin and Islamic finance principles, arguing that Bitcoin aligns naturally with concepts like riba and fractional reserve banking. They discuss the potential of Bitcoin to reinforce Islamic economic systems, the flaws in traditional Islamic banking, and how Bitcoin mining is gaining traction in MENA nations. Their insights point towards a hopeful future for Islamic finance intertwined with Bitcoin.