The Pomp Podcast #1313 Andy Bromberg on How To Disrupt TradFi with Bitcoin & Stablecoins
Feb 20, 2024
Andy Bromberg, CEO of Beam and contributor to the Eco Protocol, discusses the rise of stablecoins, on-chain payments, impact on individuals, and future outlook. The conversation explores the significance of stablecoins, consumer adoption, Beam stablecoin use cases, competitive pressures in the payment industry, and the value of payments across industries.
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Stablecoins Solve The Currency Adoption Problem
- Stablecoins remove the barrier of asking users to adopt a new currency and a new payment product simultaneously.
- They let builders deliver novel payment UX while preserving familiar fiat value for mainstream users.
Combining Venmo Ease With Cross‑Border Reach
- Beam merges peer-to-peer ease with cross-border reach by using noncustodial stablecoin rails.
- That combination targets travelers, remitters, dollar‑seekers, and crypto‑native users inviting non‑natives.
Traveler Use Case: Paying Friends Abroad
- Andy shares his travel use case: Venmo and Cash App don't work in London for paying friends.
- Beam fills that gap by letting travelers easily split bills across borders with stablecoins.