Joseph Weinberg, Founder Of Paycase–Global Remittance Platform Built On Bitcoin Exchanges
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 20 October 2017
⏱️ 32 minutes
🧾️ Download transcript
Summary
Paycase is one of the oldest and largest bitcoin companies in Canada. They have turned their attention to the global remittance markets, because Canada is the largest per capita currency remitter in the world, with $2-4 Billion being sent annually to The Philippines, and $4-6 Billion to each India and China.
Paycase works by trading Canadian currency into bitcoin, then trading bitcoin into the local currency of wherever it is being sent, and sending it to the correct user–however, users only see that they have traded Canadian dollars for local currency.
Because this uses a bitcoin price comparison instead of the interbank rate, it reduces the cost of using Western Union by 60-90%. Ultimately, Paycase will allow businesses to be more in control of their own payment services.
For more information, visit www.paycase.com.
Transcript
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| 1:28.4 | Hello, this is Richard Jacobs with Future Jack Podcast. My guest today is Joseph Weinberg, founder of Paycase, P-A-Y-C-A-C-A-S-E. Joe, how you doing? I'm very well, Richard. Thanks for having me. How are you? Good, good, yeah. So tell me about paycase. What do you guys do? |
| 1:33.8 | Yeah. So pay case traditionally is kind of focused in the remittance space. We're probably one of the oldest, if not the oldest and one of the biggest Bitcoin companies here in Canada. So initially |
| 1:38.2 | kind of really started focusing on remittances, as I'm sure many of your other podcast, |
| 1:42.9 | I kind of attendees have talked about before. |
| 1:45.8 | I then kind of started to move towards more into the business to business transactions globally, |
| 1:49.5 | how do you move money from one country to another, just kind of more of a broad perspective. |
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