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Barefoot Innovation Podcast

Aug 23, 2020

Shamir and Angela explain the fascinating meanings of the word, Sila. They describe their business model, their customer base, and their back-end infrastructure based on Ethereum. They explain their revenue model -- they say their pricing is so good, especially for startups, that they put it right on their homepage.

And they share their vision of the money world of the future. They point out that programming has been transformed in the last decade, so that it’s easy today to integrate new technology into existing systems using software development kits, without the need for complex, expensive integrations.. Why, they ask, can’t the world of banking and payments work like that? Why does it take three days for a global bank to move money? And what should a 21st century commerce system look like? Shamir and Angela think it should connect everyone on the planet; it should work over the internet; and it should enable anyone to build and ship applications on top of it, using standardized protocol libraries that developers can draw upon.