Abra — Bill Barhydt, Founder and CEO — Wallet That Holds Cryptocurrencies and Fiat Directly on Your Smartphone
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 22 January 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
Abra is believed to be the first digital currency wallet that allows its users to buy and sell both cryptocurrencies and fiat directly through their smartphone. In order to remain compliant with banking regulations, Abra is fully non-custodial, meaning that users hold their own private keys on their devices through the use of multi-signature security technology, and Abra is never actually in charge of or otherwise holding user's money.
Abra will also allow users to swap between cryptocurrencies and fiat held through the wallet. Abra hopes to be available for individuals around the world to use, without respect to a geographical location or requiring that users have a bank account. Because of this goal, and their desire to produce it right the first time, they developed and tested their product over a period of several years.
Today, Abra has thousands of users worldwide and has processed millions in payments. Bill also discusses the wallet industry, and why competition is beneficial for the consumer, his thoughts on the current slump in cryptocurrency markets, and the relationship between the speculative and utilitarian values of cryptocurrency.
For more information, or to download the app, visit www.abra.com.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Super Conference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
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| 0:41.4 | That's Bitcoin superconference.com. |
| 0:45.4 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.7 | Future Technologies always to transform our lives for better or worse |
| 0:55.3 | for the focus of this podcast. Almost here means these technologies are now here and starting to be |
| 1:01.1 | used or just around the corner. From Bitcoin to artificial intelligence, 3D printing, blockchain, |
| 1:07.9 | virtual reality, and more. |
| 1:17.6 | Hello and welcome everyone to the Future Tech Podcast. My name is Josh Thomas, and I'm here with Bill Barrett of Abra. Abra is a digital currency wallet that allows you to buy and sell |
| 1:23.7 | crypto directly from a smartphone. Hello, Bill. How are you? I'm great. How are you today? Oh, I am fantastic. I was just lamenting. I'm here in Austin, |
| 1:33.5 | Texas, and we are frozen over. The world has come to a standstill because we drop below the |
| 1:39.1 | freezing level and nobody knows how to handle it down here. Well, hopefully the big thaw will |
| 1:43.6 | start soon enough and you'll all survive. |
| 1:45.9 | Yeah, the ice age will be over soon enough, yeah. |
| 1:48.8 | So, Bill, tell us a little bit about, about ABRA. |
| 1:52.6 | You know, I know that there are a ton of wallets out there on the market. |
| 1:56.4 | And what is it that's setting ABRA apart? |
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