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The James Altucher Show

The Crypto wonder, WonderFi with Kevin O'leary and Ben Samaroo

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 14 June 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

It has been doom and gloom for the crypto world in the past few weeks. However, I am still pretty optimistic about the future of crypto, because we are like Kevin O'Leary said in this episode, we are in the first inning of the crypto world, and they will be so much more real-world use cases comes up in the future!In this episode, Kevin O'Leary, nicknamed "Mr. Wonderful", is a Canadian businessman, entrepreneur, author, politician, and television presenter  and Ben Samaroo, Co-Founder, and CEO at WonderFi joined me to talk about the future of crypto!Kevin and I talked about the current and future real-world use cases for crypto, how is Canada regulating the crypto, and why being compliant as a service in the crypto industry is important! He even shared some of his favorite coins such as USDC, Bitcoin, and some others.Also, Ben explained to me what is WonderFi, (Wonder.fi ), how it was used, how it could revolutionize the industry, and how it is different than all the other services and tech out there!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.8

This is the James Altiger show.

0:10.6

First off, thanks for having this conversation.

0:16.4

I know we're going to take it an interesting place because I have a lot of questions.

0:19.4

And as I was saying, I've been earlier, Kevin.

0:21.4

I'm very boss on crypto, but I want to play the role of the skeptic because everyone

0:25.6

asks me questions all the time. And as you know, sometimes it's stressful figuring

0:31.2

all this stuff out.

0:33.0

And crypto is a complicated subject.

0:35.1

We like to think it's simple, but Main Street world, it's not simple for the average person

0:40.6

to use crypto.

0:41.6

So anyway, let's go on with Wonderfire.

0:44.7

I'm a fan, but describe it to the listeners and I have tons of questions.

0:48.6

I think you're bang on.

0:49.6

We're at a point where we haven't got full on Mainstream adoption yet.

0:53.6

And there's a few key issues that are keeping people out.

0:55.8

So that's what that's really what we're focused on at Wonderfire.

0:58.9

So I think there's two key issues.

1:01.0

One is people are afraid of dealing with platforms that are going to get them in trouble

1:07.0

or that could lose their money.

1:08.3

So it's kind of the security and compliance side of things.

1:11.2

And in the second is just how complex and fragmented the space is.

...

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