Bill is the CEO and Founder of Abra. What is Abra? Think of it as the “WhatsApp of Money.” A single app available in 200 cities that enables you to send money from your phone to any other phone, anywhere in the world.
Bill has co-founded a long list of Tech startups. He’s also worked for NASA, Goldman Sachs, and was a Senior Director for Netscape – the first commercially successful web browser.
In this episode, Bill and I discuss:
– Why traditional remittance companies like PayPal, Western Union and Venmo are quickly becoming obsolete
– Abra’s secret hedging strategies
– And why the irrational exuberance we’ve seen with ICOs (Initial Coin Offerings), may result in buyer’s remorse
SHOW NOTES[00:51] – Who is Bill Barhydt? Introduction and overview [02:30] – Why Bill created Abra [05:10] – The challenges of Bitcoin remittances and why Abra is different (hint it has to do with user experience) [08:12] – The “rookie” way of doing Bitcoin remittances [09:38] – Abra’s elegant solution of using “synthetic” dollars, tellers, and exchange partners, to enable peer-to-peer money transfers without taking custody of funds [14:25] – The differences between Abra, Western Union, PayPal, and Venmo [17:15] – Bill’s most significant challenge with Abra [18:56] – Abra’s surprise announcement due later this year (2017) [19:37] – 200 hundred cities! The ever-expanding Abra network [21:26] – How will Bitcoin’s woes impact Abra’s viability? [23:08] – Would Abra consider another cryptocurrency to facilitate its peer-to-peer model (should Bitcoin go kaput)? [24:49] – How Bill Barhydt discovered Bitcoin and Blockchain [28:06] – How Abra uses a novel “synthetic” dollar as well as smart contract hedging to make the peer-to-peer model work [32:14] – The one area (other than remittances) where Bill sees massive opportunity for Blockchain disruption [33:36] – Bill’s perspective on the Blockchain “killer app” [35:36] – What does Bill Barhydt think about ICOs (Initial Coin Offerings), and will Abra eventually go the ICO route? [42:01] – Has Blockchain been overhyped, and will the industry see a “correction?” [43:46] – Bill’s 10-year prediction for Bitcoin and Ethereum [47:26] – Companies and projects he is most excited about right now [48:39] – Bill’s advice to startups and firms interested in Blockchain [50:36] – How to get in touch with Bill and how to learn more about Abra [51:08] – Conclusion
– RSK (Rootstock)
– Blockstream (sidechains)
– Bill’s Twitter handle: @BillBarhydt
– Abra’s Twitter handle: @AbraGlobal