6 Explanations for Crypto’s Coronavirus Focus
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 25 February 2020
⏱️ 23 minutes
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| 0:00.0 | Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 0:15.0 | The Breakdown is distributed by CoinDesk. |
| 0:20.3 | Welcome back to the Breakdown. |
| 0:22.9 | It is Tuesday, February 25th, and today we are going to focus our conversation on answering |
| 0:29.3 | why the crypto community seems so interested in the coronavirus. |
| 0:34.2 | I did a poll yesterday that more than 1,500 people responded to that I think says a lot |
| 0:39.1 | about why you're seeing such an inordinate amount of conversation about a public health issue |
| 0:44.1 | in a theoretically financially technology-minded community. But first, I did want to run through |
| 0:49.8 | just a few follow-ups to stories we've been following for the last few weeks. So let's kick it off |
| 0:55.4 | with that and then we'll get into our main topic. A few weeks ago, I had Tyrone Ross on the show. |
| 1:01.0 | Now, Tyrone is a financial advisor who's heavily involved with making sure that crypto makes it |
| 1:06.6 | to mainstream audiences, right? Make sure that it gets to the people who need it the most. And when I |
| 1:12.8 | asked him what he thought the most significant company in the crypto space was going to be, |
| 1:18.1 | he said, bar none, no question, not even close. It was cash app. And his reasoning was that |
| 1:23.6 | basically cash app is the way that people are interacting, regular people are interacting |
| 1:28.7 | with money in a way that is totally different than other applications, right? And so you might |
| 1:33.9 | look at a Binance or a Coinbase and say that's really important to the crypto community, |
| 1:37.7 | but the vast majority of people in his estimation who are going to come into this space over |
| 1:42.1 | the next couple years are going to be through |
| 1:44.3 | apps like Cash App and specifically Cash App. But Cash App, however, isn't the only company |
| 1:49.8 | in that space who is trying to disrupt banks through a mobile first experience. Another big |
| 1:55.1 | competitor in that area is Revolut. Revolut offers both traditional stock buying as well as cryptocurrency buying and just |
... |
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