Bidali uses cryptocurrency to make wire transfers a thing of the past - Show Notes

Bidali uses cryptocurrency to make wire transfers a thing of the past

Sunday Aug 25, 2019 (00:15:02)

Description

For most people involved in the cryptocurrency market, they are treated more like stocks or bonds, held onto in the hopes that their value will rise and then sold for fiat currencies. However, cryptocurrencies are intended to be exactly that - currencies. However, it's simply not that easy to use these currencies for payments. That's where Bidali comes in. This platform allows people to send money to one another using a variety of cryptocurrencies, such as Bitcoin, Etherium, and Litecoin.

Being able to make these person-to-person transfers are a big boon to the cryptocurrency world, but there is also a big benefit to those who have never looked into cryptocurrencies at all. It's neither easy nor cost-effective to transfer money around the world. Even during our trip to Canada for Collision, the cost of transferring money from one currency to another was not inexpensive. However, when moving money across the world, it can be even more expensive.

Between currency exchanges and the cost of wiring money, it can cost a large percentage of the total transfer to make the move. Plus, there is no safe way of knowing that the transfer has been completed. The infrastructure for transfers is antique, so getting an accurate notification of success can be questionable at best, especially if the money is going to a country with an older financial system. With Bidali, you can see exactly when the funds have arrived, and know for sure that the money arrived where it was supposed to.

All of this comes along with the best benefit of all: a significantly lower cost than traditional wire transfers. It makes personal transfers better, and it makes it easier to conduct business internationally. The platform is available now in beta form, with a wider release coming soon.

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Participants

Scott Ertz

Host, Episode Author

Scott is a developer who has worked on projects of varying sizes, including all of the PLuGHiTz Corporation properties. He is also known in the gaming world for his time supporting the DDR community, through DDRLover and hosting tournaments throughout the Tampa Bar Area. Currently, when he is not working on software projects or hosting F5 Live: Refreshing Technology, Scott can often be found returning to his high school days working with the Foundation for Inspiration and Recognition of Science and Technology (FIRST), mentoring teams and judging engineering notebooks at competitions. He has also helped found a student software learning group, the ASCII Warriors.

Daniele Mendez

Host

Daniele is a student at Florida Polytechnic University who is studying Computer Science with a concentration in Cyber Security. In High School, she was introduced to the science and technology world through the Foundation for Inspiration and Recognition of Science and Technology (FIRST), a robotics foundation where students of varying ages can compete through tasks that their robots perform. With help from mentors she met through FIRST, she became interested in programming and developing. Today, Daniele is a special events host for F5 Live: Refreshing Technology and PLuGHiTz Live Special Events and a co-host for both The New Product Launchpad and FIRST Looks.

Interview

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