The systems in New York, up until two years back, did not have any wireless communications. Everyone stayed in their trains because that’s what they were instructed to do.
If we had better communications, we would not have experienced this disaster in which no one knew what to do. I wanted to make sure that never happens again. There were thousands of people stuck in the subways during the collapse of the towers, and many of them died. Could you explain your motivation behind that? For example, you were instrumental in bringing free WiFi to the New York City subway stations.
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Throughout your career, you’ve taken on ventures to provide services that were once expensive for free to the public. We take the American dream and make it available worldwide. We’re targeting what we take for granted in the United States, access to credit and interest income, and making it fungible across the planet so anybody can start a business. The Celsius Network is trying to disrupt the banks and global financial institutions. Now, we’re moving from Voice over IP to Money over IP. I also wrote the original VoIP patents and protocols. I built Arbinet, which was the first company to build Voice over IP (VoIP). 30 years ago and founded seven startups in which I’ve raised over a billion dollars in venture capital. I was born in Ukraine and I grew up in Israel.
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SB: Would you mind giving our readers the two-minute movie trailer of your life? How did you get started working on Celsius?ĪM: I’m an immigrant.
In this interview, CoinCentral’s Steven Buchko chatted with Alex about his passion for non-profit services, the importance of women in blockchain, and the impending wave of decentralization. On the other end, you receive five percent interest when loaning out your crypto through the platform. Celsius is a membership-based, peer-to-peer lending platform in which you can take out reduced-rate loans putting up your crypto as collateral. Now, Alex is moving on from VoIP to MoIP (Money over IP) with his new blockchain startup, Celsius Network. He brought cell service and free WiFi to the New York City subways, partnered with Gogo Inflight Internet to provide WiFi to US flights, and most notably, invented Voice over IP (VoIP). You may not recognize the name, but Alex Mashinsky has most likely affected your life in some way, shape, or form without you knowing it.