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Kyle Powers (LibertyPay) on building remittances on Bitcoin (EP.113)
Kyle Powers (LibertyPay) on building remittances on Bitcoin (EP.113)
ratings:
Length:
41 minutes
Released:
Aug 17, 2020
Format:
Podcast episode
Description
Kyle Powers is the cofounder and CEO of LibertyPay, a Boston business that powers remittances to Brazil and Mexico – settling on Bitcoin, rather than traditional financial rails. LibertyPay has settled nine figures worth of value in its history – and most users never know their transactions are settling via Bitcoin. In this episode: How LibertyX began with the cofounders standing beside a Bitcoin ATM in South Station in 2014 The origins of LibertyPay and how the cofounders realized that Bitcoin-based remittances were a viable product How LibertyPay determined the most viable channels for their Bitcoin remittance product Why Brazil is a goldilocks zone for Bitcoin-powered remittances In which domains Bitcoin-based remittances outmatch the traditional system Why LibertyPay uses Bitcoin as their bridge currency and not another asset Why obtaining banking in 2014 was such a challenge Whether there was a coordinated attempt to unbank crypto companies in 2014-15 Whether Kyle is optimistic about the future of digital cash Whether XRP will ever grow into its promise as a touted bridge currency Why Kyle views Bitcoin's base layer as more of SWIFT analogue rather than a payments network Why owning Bitcoin gives you exposure to all of its descendants, in the case of a dispute Why Bitcoiners should be excited about stablecoins
Released:
Aug 17, 2020
Format:
Podcast episode
Titles in the series (100)
Welcome to On The Brink: Hosts Matt Walsh and Nic Carter of Castle Island Ventures explore the political, ethical, and economic significance of Bitcoin and other public blockchains and talk to some of the leading experts in the industry. Learn more and stay up to date at... by On The Brink with Castle Island