Published on: March 30th, 2021 • Duration: 54 minutes
Eric Kryski, co-founder of Bidali, joins Ash Bennington, Real Vision senior editor, to discuss Bidali, crypto adoption, and barriers to transferring value from one format to another. Kryski explains that the long-term vision of Bidali is to create the world’s first user-owned bank and payments network, and he discusses how most technologies go through speculative cycles and that crypto is no different. However, with the capital inflows from speculators, he says that this is good for the ecosystem as it enables more infrastructure to be built out. Kryski explains that there are many barriers to transferring value from dollars to crypto and back. Consequently, Bidali has designed its infrastructure to be low cost and volatility dampening to help make transfers from one asset type to another to be as smooth as possible. Filmed on March 22, 2021.
Key Learnings: Bidali aims to create the world’s first user-owned bank and payments network. It is extremely difficult to make the transfer of value from crypto to dollars and back smooth, but Bidali and others are working to solve this problem to enable the next stage of crypto adoption.