Argentine mogul Federico Abad about to disrupt Bitcoin tech company with a valuation of $100 million? You bet!

Among the Millenials, that is people who grew up in the previous decade, very few watch television. The interactive age is here, giving rise to a whole new generation whose social and entertainment habits are more mentally challenging than those of the passive watchers of traditional television broadcasts during the baby boom years. It could […]

Among the Millenials, that is people who grew up in the previous decade, very few watch television. The interactive age is here, giving rise to a whole new generation whose social and entertainment habits are more mentally challenging than those of the passive watchers of traditional television broadcasts during the baby boom years.

It could even be that in a few years, homes will not have a television at all, so great has been the switch to social media, and the burgeoning use of internet video to not only watch on demand but to participate in and publish within a second.

Netflix has dominated the migration from scheduled broadcasts to Video On Demand (VOD) and has experienced some spin-off companies, one of which is Popcorn Time, the brains behind which is Argentinian technology entrepreneur Federico Abad.

download

Mr. Abad openly admits to giving an ergonomic edge to piracy, therefore making it accessible to even the most technologically inexperienced users, and has become a sought after thought leader.

Goodbye Popcorn Time, hello Xapo.

Bitcoin technology provier Xapo is now able to benefit from Mr. Abad’s avantgarde thinking, a facet which is absolutely imperative in an industry which began as a fraternity and then attracted vast investments from venture capital funds to concentrate on the blockchain technology which, whilst inextricably tied to Bitcoin, has vast potential in other applications.

Argentina was one of the first countries in which Bitcoin became viewed as a genuine alternative to fiat currency, and as a result, prices of Bitcoin in Argentina two years ago rose to 30% higher than in neighboring Uruguay, due to President Kirchner’s draconian capital control laws which forced Argentinians to hand their dollars over in favor of worthless pesos.

Xapo is a Swiss cold storage wallet firm which is worth over $100 million, and was founded by Wences Cesares who is Argentinian.

Argentina’s Bitcoin advocacy is no doubt the bete noir of President Kirchner, however it is the only method that Argentina’s businesses can use to circumvent the rulings which result in Argentinian citizens suffering the 20% inflation of the peso, the corruption of the Argentinian central bank and the exhorbitant foreign exchange fees.

Mr. Abad made his foray into Bitcoin technology by hiring technology specialists, programmers and designers via social media such as Facebook and Twitter in order to design BitTorrent which took away the cumbersome nature of standard torrents, bringing downloading videos within the reach of the ordinary user.

This was quite some time ago, indeed in 2006 this service had already gained substantial popularity, however Mr. Abad’s facilitation of piracy came to an end as a result of Time Warner’s legal department which successfully managed to get Popcorn Time shut down in March this year.

The ‘simplicity perfected’ approach of Mr. Abad’s applications is now being carruied over into the Bitcoin arena, and he has vowed that he intends to improve the ergonomics of Bitcoin to the extent that his mother can use it when shopping.

Swiss commercial stability, organization and fiscal strength meets Argentinian entrepreneurism, will and ingenuity. A very good recipe indeed.

Read this next

Digital Assets

US court greenlights IRS to track down crypto investors

A federal court has authorized the US Internal Revenue Service (IRS) to issue a so-called John Doe summons for taxpayers who may have failed to report and pay taxes on cryptocurrency transactions. 

Executive Moves

GCEX hires American Express’ veteran Marilu Revelli as marketing director

GCEX, a digital asset and FX technology platform for institutional and professional clients, has appointed Marilu Revelli to the role of Marketing Director.

Crypto Insider

Gate.io lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

<