Episode #48: Inertia, My Friend!
When the blockchain and bitcoin are invisible to the end user, then that must mean that you’re adding some other value to the consumer. Align Commerce was founded by a world class team with over 100 years of combined experience in banking IT infrastructure management. They enable businesses and payment platforms to send and receive payments in local currency, by using the blockchain as a new payment rail. On the surface, it doesn’t seem like a very exciting premise for a “financial revolution,” but let’s think about what’s actually happening here. Small businesses that have no formal partnerships, binding contracts, or even lines of credit between them, are settling cross-border payments in real-time on behalf of their customers. This has never been possible before without a centralized intermediary. We get the Co-Founder and Chief Technology Officer, Aldo Carrascoso in the studio to chat about all this juicy Bitcoin remittances stuff. Also, Tony Swish of Augur, fills in for Corey.