Abra CEO, Bill Barhydt, shares his vision for how we onboard the next billion people to crypto
On this DeFi Decoded episode, Andrew and Alex sit down with Bill Barhydt, CEO of Abra, one of the leading wealth management platforms for cryptoassets. Abra’s mission is to create a simple and honest platform to help the next billion crypto holders maximize the potential of their crypto assets.
Abra’s users earn high yield on their crypto assets, trade over 100 different crypto currencies and borrow dollars against crypto holdings. Abra has processed over $1 billion in crypto backed loans and has paid millions of dollars in interest payments to retail and institutional clients alike. Abra has also raised over $75M in venture financing from American Express, Foxconn, Blockchain Capital, RRE Ventures, Digital Currency Group and other prominent investors.
On the show, Alex and Andrew talk to Bill about what steps need to be taken to onboard the next billion people, and Abra’s role in making that happen. They also talk about DeFi vs. CeFi and where the growth is going to come from in the next few years. They debate whether the unbanked and underbanked will simply leapfrog traditional finance and go straight to DeFi and crypto. Finally, Bill shares his thoughts on how crypto can help us avoid the worst outcomes from the current debt cycle by catalyzing a new era of economic growth and prosperity.