Are You Already Using a Crypto Wallet Without Knowing It? Fireblocks Says Yes

If you already pay for this, I especially want your answer. We’re deciding what Unchained does next; new shows, stream times, and what Premium should include.

The survey takes five minutes and it’s anonymous; I read the write-in answers myself. Everyone who finishes it gets a free month of Premium, Unchained or Bits + Bips, your pick. Open through Sunday, November 8.

— Laura

In this episode of Unchained Premium, Itai Turbahn, VP of Embedded Wallets at Fireblocks, joined Laura to talk about why many people using crypto wallets may not know it. Turbahn co-founded Dynamic, a wallet infrastructure company that is now part of Fireblocks.

The conversation covers how a Cash App transfer can land in a Western Union wallet in the Philippines over stablecoins, how Papaya Global pays contractors in Argentina in 10 seconds, and why USDT on Tron and BNB Chain dominates South America while US companies lean toward USDC.

Turbahn also lays out how multi-party computation splits keys into shares, and why he says most people should not care about quantum computing, even though Fireblocks thinks about it every day.

Three years ago, Fireblocks hoped to land one or two fintech customers. Today, Turbahn says, the reverse is true. What flipped? Listen to find out!

Show Highlights:

• How Dynamic set out to give developers wallets without seed phrases, logins, or key management, and how it now fits inside Fireblocks
• Where people have likely used Dynamic without realizing it, from Magic Eden to Circle’s bridge to Fiserv’s bank-to-bank infrastructure
• Why Fireblocks, which moves about $8 trillion a year and touches roughly 15% of stablecoin flows, treats security as its core business
• How quantum computing threatens the one-way link between public and private keys, and why Turbahn says most people should not worry about it
• How multi-party computation keeps any one party from holding a full key, and why controls should scale from email approvals on $1 transfers to quorums on $5 million ones
• How a Cash App payment reaches a Western Union wallet over stablecoins, and how Papaya Global uses the same rails for payroll
• Why US companies favor USDC, others favor USDT, and players like Western Union and SoFi are launching their own stablecoins
• What companies add after basic stablecoin transfers: yield through Morpho and Aave, cards, and tokenized T-bills and stocks

$10/month or $100/year

Already a Member? Login Here.

What Subscribers Get:

• Hear it first. Subscriber-only interviews with under-the-radar projects and emerging crypto ideas — the stories everyone else covers six months later
• Read every word. Perfected transcripts of all Unchained episodes
• Join the conversation. A members-only Telegram community
• Ask the questions. Submit questions for guests on the main show

The post Are You Already Using a Crypto Wallet Without Knowing It? Fireblocks Says Yes appeared first on Unchained.