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The Pomp Podcast

Michael Dunworth, CEO of Wyre: How Blockchain is Transforming Cross-Border Payments

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 10 January 2020

⏱️ 81 minutes

🧾️ Download transcript

Summary

Michael Dunworth is the CEO of Wyre, a company focus on connecting crypto companies to the fiat world. In this conversation, Michael Dunworth and Anthony Pompliano discuss rugby, why nerds go to Silicon Valley, how to build compelling products, and how Wyre is building the essential infrastructure for fiat on and off-ramps. ETORO-----This episode of Off the Chain is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join 11 million other traders and create an account at etoro.com and build your crypto portfolio the smart way. -----If you enjoyed this episode and want to stay updated on everything Bitcoin, blockchain, and crypto. Check out Off The Chain newsletter by visiting offthechain.substack.com and join 35,000+ other investors currently subscribed to my daily investor letter.

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening

0:04.5

Off the Chain, simply the best podcasting crypto. Let's kick this thing off. Michael Dunworth is the co-founder

0:10.8

of Wire, a company focused on connecting crypto companies to the Fiat world. We had a great conversation

0:16.4

in this episode about rugby, why nerds go to Silicon Valley, how to build compelling products,

0:22.0

and how wire is building the essential infrastructure for Fiat on and off frames.

0:26.1

I really enjoyed this one, so I hope you do as well. Before we get started, though,

0:30.7

let's take a look at the advertisers for this episode. First up is E Toro. They're a longtime

0:35.8

sponsor of Off the Chain podcast. The company's probably the most underrated in all of crypto. They got started in Israel and quickly built a massive business offering stocks, commodities, traditional currencies, and cryptocurrencies to users around the world outside the U.S. Last year, they finally launched the United States and got started by offering cryptocurrency trading. Now, this just isn't any crypto exchange, though.

0:56.8

Itura has pioneered a concept called social trading.

0:59.7

It's essentially two components.

1:01.6

The first is that you can click on any asset on the platform and immediately access a social

1:05.6

network or feed around that one asset.

1:08.1

Take Bitcoin, for example.

1:09.5

When you navigate to the page, there are thousands

1:11.5

of people sharing information, charts, graphs, and opinions about Bitcoin. It's price movements

1:16.9

and future outlook. The same goes for any other asset on the platform. But then these guys came up

1:21.9

with an even more innovative feature, copy trading. Let's say that you find someone in the single

1:26.0

asset social feeds that you think is really smart or has a unique view on investing. Rather than simply wish that you could invest

1:31.7

like them, you can click the copy trader button and each or will automatically mirror your

1:35.8

portfolio to that trader's portfolio. When they buy an asset, you buy the asset. When they

1:40.2

sell the asset, you sell the asset. It's pretty cool to see a crypto exchange that has both social trading and copy trading all in one location.

1:47.8

So go check them out.

...

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