Published on: March 9th, 2021 • Duration: 55 minutes
Abra CEO Bill Barhydt joins Raoul Pal, Real Vision CEO and co-founder, to discuss Abra, the future role of banks, and security. Barhydt describes Abra as moving towards the vision of being a full bank for cryptocurrency as it offers trading and investing in over a hundred crypto assets as well as the option to earn interest and borrow against them. Barhydt does not believe traditional banks will have a value proposition over the next 25 years and suggests that many of them will either become crypto-centric or disappear. He explains that Abra provides the full spectrum of security needs for their customers, covering “cold, warm, and hot” custody solutions. This means that Abra provides custody solutions for short term active trading (hot) and for long term storage of assets (cold) and everything in between. Filmed on March 1, 2021.
Key Learnings: Abra aims to become a full bank for crypto assets. Barhydt believes most banks will become crypto-centric or die out, and Abra provides the full spectrum of custody services for their wide range of customers.