Are you curious about how Bitcoin can transform lives and empower individuals globally? In this podcast, we'll delve into the journey of Sanjna, who found herself drawn into the world of Bitcoin after discovering its potential for financial freedom and human rights empowerment.
Sanjna's Info:
Sanjna Mehta
Co-founder, Yzer
yzer.io
@sanjna_connect
Special Mention: Orange Hatter Women's Reading Club – a space to delve deeper into the world of Bitcoin. https://www.meetup.com/womensbitcoinreadingclubwithorangehatter
Please email questions/comments to Tali@orangehatter.com
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Hi everybody, welcome to Orange Hatter.
Tali:Today you're going to be listening in on my conversation with Sanjana.
Tali:Hey Sanjana, welcome to Orange Hatter.
Tali:I am so happy to have you here.
Tali:Um, can you please tell us a little bit about yourself and how you heard
Tali:about Bitcoin, uh, when you did?
Sanjna:Of course.
Sanjna:So thanks for having me on the show, Tali.
Sanjna:I'm super excited to be here.
Sanjna:I'll tell you a little bit about my background.
Sanjna:I'm based in Belgium.
Sanjna:I've lived here my whole life.
Sanjna:I, uh, went to the UK, studied sociology, and then went on to pursue
Sanjna:a master's in media and communication.
Sanjna:And then I came back to Belgium, and I was super interested in,
Sanjna:just, marketing in general.
Sanjna:So I worked in a startup.
Sanjna:I worked in B2C, B2B, did about seven years in marketing, and
Sanjna:then had a complete career switch and came into Bitcoin.
Sanjna:I came into the Bitcoin space.
Sanjna:So it's, it, it, it is very interesting.
Sanjna:I, when I left, left my last job as a marketing manager in an
Sanjna:industrial company, I was wondering what to do with my life next.
Sanjna:And then Covid hit about six months later.
Sanjna:So, my husband and I actually started a drop shipping company together.
Sanjna:We, we we're both very creative and very adapting and we're very, we, we've
Sanjna:always wanted to start something out of the blue and just try something
Sanjna:that no one else has ever done.
Sanjna:So we came across drop shipping and we thought, okay, this is cool,
Sanjna:'cause I'm super into marketing.
Sanjna:He's super creative.
Sanjna:So we had that whole knowledge and, and sense of, you know, creating
Sanjna:ads, creating compelling videos, just getting a little creative with,
Sanjna:with that whole marketing front.
Sanjna:So we started a drop shipping business, which eventually led into
Sanjna:a white labeled beauty product.
Sanjna:So of course at the time of Covid, you know, salons were shut worldwide.
Sanjna:Women still wanted to be completely groomed and, and have a way
Sanjna:of doing their beauty routine.
Sanjna:So we started selling an eyebrow hair removal pen.
Sanjna:And you think it's just such a niche product, and it's so random, but
Sanjna:it, it actually worked really well.
Sanjna:We, we, we sold, I think over...
Sanjna:we had over 15,000 customers worldwide, so it was super interesting.
Sanjna:And then we got into the whole business of more home beauty gadgets.
Sanjna:So we, we kind of scaled that business.
Sanjna:We worked on it for a year, almost a year and a half, and then there
Sanjna:were just a lot of changes going on.
Sanjna:We thought that, okay, COVID was making it a little difficult 'cause
Sanjna:of the logistics, but there were a lot of issues going on with
Sanjna:advertising and small businesses.
Sanjna:And we just thought it was, it was more of a passion project and we're like, okay,
Sanjna:maybe you know, maybe we stop this now and we find the next thing that we wanna do.
Sanjna:So I think in that much time, we gained a lot of experience on how to start
Sanjna:a business and how we can actually work together, me and my husband.
Sanjna:'Cause it's a nightmare for most couples, right?
Sanjna:It's not easy working with your partner.
Sanjna:But I think taking that as a first experience is what actually
Sanjna:led both of us to Bitcoin.
Sanjna:So my husband's known about Bitcoin since, I'd say, 2013, 2014.
Sanjna:He is, he is always been very knowledgeable, very intrigued by
Sanjna:the whole space of, of Bitcoin and cryptocurrency in general, but he never
Sanjna:really took a lot of action in 2013.
Sanjna:Then I think when things started picking up again, he, he got into it.
Sanjna:We, you know, we quit, we quit this ... business, so he had more time.
Sanjna:He, he, he does some other work on the side.
Sanjna:He's a, he's a jeweler.
Sanjna:He is in the diamond business.
Sanjna:But he also kind of wanted to explore, explore other opportunities.
Sanjna:So once he started getting more into Bitcoin and reading about
Sanjna:it, he was fully immersed.
Sanjna:'Cause when you get into the Bitcoin space, there's like,
Sanjna:there's no turning back, right?
Sanjna:It's, it's a rabbit hole and just go deeper and deeper.
Sanjna:So I think for about a year I was still kind of figuring out what I wanna do,
Sanjna:and he kept talking about Bitcoin, and it just, it never interested me.
Sanjna:I just, I would go blank every time he spoke to me.
Sanjna:He would, he would do all these sketches on a whiteboard, try to write these notes,
Sanjna:and he really wanted me to learn about it.
Sanjna:And I, I was just like, I, I don't get it.
Sanjna:And there's nothing about it that's, really hit the spot where I feel like,
Sanjna:okay, I need to learn about Bitcoin.
Sanjna:But then I think the more he got into it and the more passionate he got about it...
Sanjna:like, I could hear him talking about it with our friends or
Sanjna:family and, you know, at that point everyone's like, oh, what is crypto?
Sanjna:What is this hype?
Sanjna:It wasn't specifically just Bitcoin, it was the whole space.
Sanjna:Right?
Sanjna:It was, there was this hype of Ethereum, Solana, just a lot of
Sanjna:these different coins and tokens.
Sanjna:And suddenly I'm like, okay, maybe I, I have a little bit of interest.
Sanjna:I just wanna know what, you know, what you spend so much time in a day doing.
Sanjna:So he started explaining a bit of the technicals to me.
Sanjna:He started explaining hash rate blocks, mining, all of that.
Sanjna:And then again, like, I don't come from a very technical background.
Sanjna:I don't have a finance background.
Sanjna:So for me, I was, I was still, I was trying to get interested 'cause
Sanjna:he was so passionate about it.
Sanjna:But nothing, again, nothing still really hit the spot where I was like,
Sanjna:okay, this makes a lot of sense.
Sanjna:I think that moment where I was like, I wanna get deeper into Bitcoin is
Sanjna:when I started learning about the human rights part about Bitcoin, right?
Sanjna:So it's funny because when I talk about this, a lot of women are
Sanjna:interested in the same thing.
Sanjna:Maybe it is a gender thing, I don't know, but he never told me about
Sanjna:Bitcoin from this perspective.
Sanjna:But I actually started doing a lot of reading.
Sanjna:I started finding out that, okay, there's a lot more to the
Sanjna:technical aspects of Bitcoin.
Sanjna:Sorry, there's a lot more than just the technical aspects of Bitcoin.
Sanjna:There's this whole crisis that can be solved with Bitcoin, right?
Sanjna:People actually use it as a financial empowerment tool, as a human rights
Sanjna:empowerment tool, especially in developing countries, in countries
Sanjna:where there's authoritarian regimes.
Sanjna:Maybe because he's from the U.S., I'm from Europe, it doesn't hit
Sanjna:us, you know, the way it should.
Sanjna:But we're both originally from India and, and we spend a lot of time in India, and
Sanjna:government corruption, monetary issues, a lot of the stuff does hit close to heart.
Sanjna:And then, that's when Bitcoin started making a lot of sense to me, when I
Sanjna:thought that, okay, there's about 5 billion people, four to 5 billion people
Sanjna:in this world who are living under these kind of governments and authoritarian
Sanjna:regimes, and it's a place where Bitcoin can really solve all, all your issues.
Sanjna:When, when I really started understanding that Bitcoin is for everyone.
Sanjna:It, it's a form of money that's borderless.
Sanjna:There's no restrictions based on age, gender, sex,
Sanjna:religion, caste, none of that.
Sanjna:Right?
Sanjna:It, it, it doesn't matter where you come from, Bitcoin is literally for everyone.
Sanjna:And I think that is when I started going down the rabbit hole and I'm
Sanjna:like, okay, I, I can do something with this and I, and I wanna get into
Sanjna:this, and this is the future, and I think I wanna spend the next 30 years
Sanjna:of my life just focusing on Bitcoin.
Tali:That is so wonderful.
Tali:We have a very similar journey, in that, my husband started, he
Tali:started down the Bitcoin rabbit hole before me, and he tried very,
Tali:very hard to get me interested.
Tali:And I wasn't.
Tali:Like you said, they would go...
Tali:I don't know if it's a man thing or an engineer thing, but they
Tali:always go from the technical side.
Sanjna:Exactly.
Tali:He said, he was explaining, he was explaining the hash rate to me,
Tali:and the, the, the whole blockchain, you know, structure and I'm like, I don't...
Tali:what, what?
Tali:But I really wanna find out more about that moment of spark.
Tali:So you said that you...
Tali:what interested you in the first place was the human rights aspect of
Tali:it and that it's a freedom money and it's, it's financial empowerment.
Tali:So can you think back to maybe a specific story that really jumped out
Tali:at you and grabbed your attention?
Sanjna:Yeah, sure.
Sanjna:So I think the first thing that I read about actually was, was the strike.
Sanjna:I think it was in Canada, but basically there were a bunch of truck
Sanjna:drivers also who went on strike.
Sanjna:They wanted to raise money through crowdfunding, and I think the government
Sanjna:completely blocked them off some platform.
Sanjna:I'm trying to remember the exact story, but that that's what kind of happened.
Sanjna:And basically you realize that the government has a lot of
Sanjna:control over, over any system.
Sanjna:Everything is centralized, whatever bank account, whatever, uh, way
Sanjna:you're transferring money...
Sanjna:anything can be blocked, seized at any moment, because they
Sanjna:have all your information.
Sanjna:Right.
Sanjna:So I think when these truck drivers went on strike and their money was blocked
Sanjna:from transferring it to other people.
Sanjna:It was, it was Bitcoin that actually saved them, and they could actually make
Sanjna:a lot of remittances and, and transfers.
Sanjna:And I think that's actually, I'm giving a first world example because
Sanjna:that's when I think a lot of people started realizing that it makes a
Sanjna:difference all over the world, right?
Sanjna:It's not just about where you come from.
Sanjna:It's not just about Africa and certain countries in Asia.
Sanjna:It's actually, it's happening in North America.
Sanjna:So, so that's one of the things that struck me.
Sanjna:I mean, there's a lot of, there's hyperinflation happening
Sanjna:in countries like Zimbabwe.
Sanjna:There's, there's issues going on in Lebanon.
Sanjna:There's again, India, right, like...
Sanjna:it, the government's so corrupt.
Sanjna:They're trying to block, they're trying to block Bitcoin in general.
Sanjna:But even then, there's just so much corruption and so much politics.
Sanjna:You, you can't even understand what's going on.
Sanjna:It's like only the top 5% of that country actually has access to
Sanjna:wealth, or whatever happens to that country is just in their control.
Sanjna:And what...
Sanjna:India's like the most populated country today.
Sanjna:It's crazy to think that 95% of the people there don't even have, have
Sanjna:access to bank accounts, or they just get seized, or they just get frozen.
Sanjna:So I, I, I, I think for me it's, it, it, the best example is just India,
Sanjna:'cause it's close to heart, and I know what's going on in that country.
Sanjna:But for example, we've been speaking to a lot of people from, from
Sanjna:Venezuela and Nigeria, Philippines.
Sanjna:Like, these are all, all personal stories.
Sanjna:One of our co-founders is from Lebanon as well, and there's so many
Sanjna:countries going on in their own...
Sanjna:so many issues going on in their own country.
Sanjna:And I think it's, it's just one of those things where people are not aware.
Sanjna:You know, if more people were aware of what's going on worldwide, they would,
Sanjna:I don't wanna say just, move to Bitcoin, but they would try to understand how
Sanjna:flawed our economic system is in general.
Sanjna:But, but yeah, I think, yeah, I think again, for me it's just, it's just
Sanjna:really India that hits for me, because it's, it's, it's really one of the...
Sanjna:if you move away from the three largest cities in India, it's
Sanjna:like it's a horrible situation.
Sanjna:Whatever's going on in villages and remote areas and the way, yeah, the
Sanjna:way the government has just been since the past like 60 years, it's very
Sanjna:difficult to get, to get any kind of money into your bank account or to
Sanjna:just, you know, get past the government and, and, and that whole KYC process.
Tali:I really would love to be able to picture, like, a specific example
Tali:that maybe that comes to your mind when you reference the village situation in
Tali:India outside the three large cities.
Tali:Because I think, especially for us women, we, we tend to want
Tali:to relate through our feelings.
Tali:And so if you can think of something more specific, maybe some particular family
Tali:that comes to mind, or particular specific situation that you can describe for us...
Sanjna:It's funny 'cause I've spoken to a lot of people from India, and they've
Sanjna:told me their stories, but I'm just like completely blanking out right now.
Sanjna:But the country that does come to mind is actually El Salvador.
Sanjna:'Cause we actually just, like, did a class on this in our byte section as well.
Sanjna:But I think El Salvador was seen as one of the most dangerous countries
Sanjna:until we got the new president.
Sanjna:Right.
Sanjna:Nayib Bukele, I'm not sure if I'm pronouncing him right.
Sanjna:But basically he came into power and I think in, I think in 2019.
Sanjna:So before he was in power, the country was known for its high
Sanjna:crime rate, for violence, for a lot of the population being unbanked.
Sanjna:And after he came into power, he actually, he's, they're the first
Sanjna:country to adopt Bitcoin as legal tender.
Sanjna:So there's so many people who support this, and I mean, of course the country,
Sanjna:but there's so many people outside of El Salvador who support this.
Sanjna:And we, we'll probably see a lot more countries follow, and following, and
Sanjna:taking the step because we've seen Bitcoin's impact on El Salvador, right?
Sanjna:So crime rates have gone down.
Sanjna:They've gone down more than 30%.
Sanjna:It's become a new hub for tourism...
Sanjna:for talent and tech startups to, to start their hubs there.
Sanjna:Of course, he has a lot of popularity, positive popularity from
Sanjna:the, from the population itself.
Sanjna:Just, economically they're doing a lot better.
Sanjna:So I think this is the best example of where you see a pre-Bitcoin country
Sanjna:and a post-Bitcoin country and how much of a change there's actually been
Sanjna:economically but also socially and, and just, yeah, just in, it just...
Sanjna:very positively within the country and how many changes it's, it's made.
Sanjna:And they're getting a lot of support.
Sanjna:I think there's...
Sanjna:we went from Bitcoin Miami, and there's just people who, who wanna
Sanjna:move to El Salvador, they wanna, you know, start investing in El Salvador.
Sanjna:Like it's, it's just opened up like a million new opportunities.
Tali:Thanks for joining us today and learning with us today.
Tali:If the discussion with our guest resonated with you and you would
Tali:like to dive deeper into the world of Bitcoin, don't miss out on joining the
Tali:Orange Hatter Women's Reading Club.
Tali:The meetup link is in the show notes.
Tali:Also, if there are women in your life whom you think will both enjoy and
Tali:benefit from learning more about Bitcoin, please share Orange Hatter with them.