Chris Duffus (Fonbnk) on Airtime as Digital Money (EP.545)

Speaker 0: On today's podcast, I was joined by Chris Duffis, founder of PhoneBank. PhoneBank provides solutions for unbanked and underbanked populations in emerging markets to access stablecoins and other crypto assets. I hope you enjoy our conversation.

Speaker 1: Matt Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and those may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.

Speaker 0: Brought down by Bad Mortgage Investments, Lehman, which has 25,000 employees, will be liquidated. The federal government loans American International Group AIG 85,000,000,000 dollars.

Speaker 2: This is a different kind of market, and the Fed is asleep. The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the 2 mortgage giants that have been threatened by the housing crisis.

Speaker 3: The Bank of England has pumped £75,000,000,000 more into Britain's ailing economy with a new round of quantitative easing.

Speaker 4: You print a couple $1,000,000,000,000 and all of a sudden people start to worry. So out of this worry, we have something called the Bitcoin. Bitcoin.

Speaker 0: Chris, it's great to have you on. Thanks for joining us on the podcast today. We've been friends for probably a couple years and I've followed you guys in the ecosystem. So really appreciate it. I think to get kicked off, you've done a lot across tech and other ventures before crypto.

So maybe if you could give a quick overview on that and then a quick story on how you got into crypto and what brought you in, that would be great.

Speaker 2: Sure. And I appreciate the time, Wyatt. I really love what you guys are doing at Castle Island. So thanks for having me on. I do have a long career in Fintech and wireless telecommunications.