Exponential Finance: Who Will Be the Instagram or Uber of Finance? – Jason Dorrier: “Abra is exemplary of what happens when several digital technologies converge in one product. Combining an Uber-like peer-to-peer network with smartphone technology and blockchain, Abra literally stashes the cash in your pocket on your smartphone. From there, users can send cash as easy as they send a text. All this happens without a bank. Abra’s founder, Bill Barhydt, estimates we’re three years away from wireless carriers cycling off every feature phone—simple cell phones—sold when the iPhone and Android first came out. As smartphones become ubiquitous in the developing world, it’s possible many of the world’s unbanked billions in developing countries will skip traditional finance, a little like how they leapfrogged landlines for cell phones. It’s a radical thought. But with Abra, it’s plausible that bank-free, digital cash will be a force to be reckoned with.”