Crypto-backed mortgages, with Phil Blows (ByBrix)
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 22 September 2022
⏱️ 22 minutes
🧾️ Download transcript
Summary
In February, I spoke to Phil Blows about backing traditional loans with digital assets. The crypto markets had a rough time in the months that followed, so I wasn’t expecting much progress on that front, but I was wrong. Bull markets are a great time to build, after all.
So I have Phil back today, talking about ByBrix and their new crypto-backed mortgage offering.
And sure, to crypto outsiders like me, this might feel like a scary time to be building in this space, but as Phil reminds me, “a lot of these people didn't get into crypto to then move back into fiat, they go into crypto because they think they're going to stay there for the rest of their lives. So it's more that they're dabbling in the world of fiat, but living their lives in crypto.”
There’s a significant demographic out there who have built wealth in crypto, and would like to keep as much of their wealth there as possible, even as they look to finance a home.
You can learn more about ByBrix at their home page https://bybrix.io/ (or on their LinkedIn)
While you can find more on AQRU at https://aqru.io/ (plus Phil has been on before, on episode 29, talking about crypto and AQRU)
You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24
If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show
Regards,
Brendan
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | This is Dave McQueen's, the Dave McQueen's podcast for each week we make economics easy, |
| 0:04.2 | uncomplicated and accessible. And this week the podcast is sponsored by O2 Business. |
| 0:09.3 | Mac, I don't know about you, but more and more of my work life is being done on my phone these days. |
| 0:14.7 | From emails, descending files, sorting my calendar and joining the odd video conference, |
| 0:19.9 | I mostly do it all in my mobile now. Yeah, no, you're right. A having reliable technology, |
| 0:24.2 | you know, the follows you where you are. It's become an increasingly necessary for any of us, |
| 0:27.8 | right? Which is why we're happy to tell you that O2 is having a Black Friday business sale on now. |
| 0:34.4 | So if you need an upgrade, check them out. You can get six months of half price on selected phones |
| 0:39.8 | and three months half price and an elimsa data sim. So for good tech, a good price is something |
| 0:44.6 | that we can definitely support. Search O2 Business Black Friday to find out more. Don't forget |
| 0:50.0 | terms will apply. You get two elements to have the loan against the crypto. |
| 0:57.3 | The first is a 30% down payment, which is against the crypto. It's completely variable and there's |
| 1:03.0 | no tie-ins. And then the 70% is the traditional mortgage, which has a lead against the property as well. |
| 1:08.4 | That tends to be where a lot of crypto native struggle is that they have the funds, |
| 1:12.8 | but often they don't have the ability to get a traditional mortgage. And banks are kind of unsure |
| 1:18.2 | about them as it is borrowed. Welcome to Heart-Align Money to Strangers with Brendan Lagrange. |
| 1:28.9 | In episode 29 of this show, I spoke to full blows, co-founder and CEO of a crew, a listed exchange |
| 1:37.2 | paying fiat interest on crypto deposits. It was a move that I thought might be a small and early step |
| 1:43.8 | on the path to a broad loan against crypto marketplace. Then stuff happened, |
| 1:49.6 | market split, and I figured we've added a few years to that timeline. But all of a sudden, |
| 1:55.4 | I read an interesting press release. And so I invited fullback to tell me more. |
| 2:00.2 | Right, well, full blows, welcome back to the show. You're the co-founder and CEO of a crew, |
... |
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