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Andreas Antonopoulos

๐Ÿ‘ค Speaker
200 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

I was getting paid in euro, in yen, in pound sterling, in dollars before.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

And now I've just added to that Bitcoin.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

And just like before, I needed to convert those currencies to dollars in order to spend them because nobody in my neighborhood took yen.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

I do the same with Bitcoin.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

It's not really that different.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Yeah, nobody says you say, I don't take cash.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

What you do is you offer the opportunity to have a variety of currencies available.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

And you try this in experiments.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Most likely, nobody's going to pay you for a year until your customers notice.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

There's a bunch of cafes that work with cryptocurrencies.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

There's a bunch of professionals who earn cryptocurrencies.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

It's not easy.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Well, if you want to, yes, because keep in mind the conversion rates, if you wanted to buy it at an exchange, you'd probably be paying 1% to 2% in order to buy cryptocurrencies.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

The ATMs charge a premium up to 10%, so if you offer a discount, you can basically get cryptocurrencies more economically than buying them at an ATM.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

So yeah, absolutely.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Now, that's the second easiest way to do it.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Many cities have ATMs as a cold door.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

BTMs, usually Bitcoin teller machines.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

And you can go there, just stuff a few dollar bills in cash and have Bitcoin zapped to your smartphone.

SaaS Interviews with CEOs, Startups, Founders
796: Crypto: Kim Jong-un Crypto Funded Nukes vs. Billions Out of Poverty

Pretty straightforward, easy peasy.