Tucked away in Signal’s app is a new “Beta” feature that allows users to send payments between each-other seamlessly.

It’s powered by a crypto project called MobileCoin.

On this episode of The Scoop, MobileCoin founder and CEO Josh Goldbard joined Frank Chaparro to explain how MobileCoin is trying to blend encrypted messaging and payments to make global money transfers easy. Goldbard and Chaparro explore the increasingly dynamic environment for payments, which has diverse firms from Walmart to Facebook to Jack Dorsey’s Cash App competing for mindshare and transactions.

“What we're building is the global Cash App, the global Cash App that allows you to move money in and out at the velocity of the internet,” Goldbard described of the project.

“What we want to make here is the last payment rail,” he added. “What makes it the last payment rail is that it is the lowest friction, highest priority, easiest to use payment technology ever made.”

In this episode we also explore:

What raising venture capital is like in a frothy venture environment
Goldbard’s game-plan to recruit top engineers
Why Signal decided to partner with MobileCoin
How Goldbard poached Cash App’s founding CTO Bob Lee

Episode 6 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Josh Goldbard, founder and CEO of MobileCoin.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.

This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Chainalysis

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.

About Coinbase Prime

Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime.

About Chainalysis

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

How MobileCoin aims to be the 'global CashApp' 41:03 Share

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How MobileCoin aims to be the 'global CashApp'