27 Oct · 36 min

The MoneyPot Live: In Conversation With Doug Ricket, Founder & CEO, PayJoy

Can blockchain fix the trust gap in emerging-market lending? In this episode of The Money Pot, host Oliver Smith sits down with Doug Ricket, Founder and CEO of PayJoy, to explore how the company is using smartphones as digital collateral to bring credit access to the global south. Doug explains how PayJoy turns a phone into a trust mechanism, locking it when payments are missed and unlocking a path to a first credit history and credit card for customers across Mexico, Brazil, India, South Africa, Indonesia, and beyond. The conversation goes deep into PayJoy's half-billion-dollar PayJoy Asset Fund and the two blockchain innovations launching this month: an attestation protocol that hashes and publishes the company's loan tape to prevent double pledging, and a tokenization system that gives fund investors same-day liquidity instead of waiting a full quarter for redemptions. Doug also unpacks how currency risk is hedged, how PayJoy is expanding into new regulatory markets like India and Ecuador, and why stable coins in markets like Mexico remain surprisingly underdeveloped relative to the US. Doug closes with reflections on default risk, how PayJoy pools collateral rather than tokenizing individual loans, and the vision of connecting global wealth holders directly to the three and a half million borrowers who rely on PayJoy for affordable access to capital. PayJoy: https://www.payjoy.com/ Follow Doug: https://www.linkedin.com/in/dougricket/ Follow Money20/20: YouTube:@Money2020Tv (https://studio.youtube.com/channel/UCip4CIpmM13NOAH-j9GiAzg) LinkedIn: https://www.linkedin.com/company/money2020/ Instagram: https://www.instagram.com/money20_20 Facebook: https://www.facebook.com/Money2020 X: https://www.twitter.com/Money2020 TikTok: https://www.tiktok.com/@money20_20