What Bitcoin Did #73 How ABRA Is Building a Global Bank with Bill Barhydt
'œAbra uses Bitcoin tech to basically build the foundations for what really will be a global bank.' '" Bill Barhydt
Interview location: Skype
Interview date: Friday 8th Feb, 2019
The dot-com bubble burst when companies were unable to deliver on the expected promise of a boom in e-commerce. Companies raised too much money and were unable to drive the sales volume which supported their ambitious infrastructure and share price.
Out of the ashes, new, unexpected business models around search and social rose up, creating some of the most valuable companies in the world.
The crypto bubble burst in 2018, with speculation unable to maintain the rapid growth in the value of cryptocurrencies. Use cases for payments were limited, and companies were unable to ship projects which attracted significant users.
Out of this bubble, we are starting to see new companies and business models which are attracting customers and creating value. One of these companies is ABRA, which is using the unique features of Bitcoin to create a global trading platform for currencies, stocks and ETFs.
In this interview, I talk with ABRA CEO, Bill Barhydt. We discuss ABRA's recent announcement of their new stock and ETF trading product, the complexity of building a global bank and why ABRA is built on Bitcoin.
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