BREAKDOWN: NYDIG CEO Explains How Latest Partnership Could Bring Bitcoin to 300M US Bank Accounts
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 May 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
The latest in NYDIG’s year of institutional partnerships has perhaps the broadest potential for financial inclusion in Bitcoin yet.
This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.
NLW is joined today by Robby Gutmann, CEO of NYDIG. NYDIG is quickly emerging as one of the leading companies helping onboard institutions to bitcoin. This year, it received investment from and announced partners with companies like MassMutual, New York Life, Liberty Mutual, Morgan Stanley and more.
In this episode, Gutmann discusses why the firm’s latest partnership with bank software provider FIS could represent their biggest opportunity for bringing bitcoin to the masses yet.
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Transcript
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| 0:00.0 | If you just look at these software systems, in our view and the people that we talk to, given |
| 0:05.4 | their risk tolerance, which is very, very, very limited, Bitcoin is just in a category of itself |
| 0:12.7 | in terms of how long the system has been running in production, the way the community approaches |
| 0:20.1 | making changes to the system in a very thoughtful, very methodical way, |
| 0:28.1 | that's not lost on the institutional investors that we're talking to. |
| 0:33.6 | Welcome back to The Breakdown with me, NLW. |
| 0:38.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:43.6 | The breakdown is sponsored by nexus.io, neared.org, and Genesis Trading, and produced and distributed by CoinDesk. |
| 0:51.5 | What's going on, guys? It is Wednesday, May 5th, and today I am joined by Robbie Gutman. |
| 0:58.3 | Robbie is the CEO of Nidig, one of the fastest growing companies helping institutions on board to Bitcoin. |
| 1:05.2 | Over the last few months, Nidig has announced partnerships with everyone from insurance companies like Mass Mutual to funds with |
| 1:11.8 | Morgan Stanley to the very exciting announcement that they're sharing today, which has the |
| 1:17.2 | potential to open up Bitcoin access to some 300 million checking accounts. So without any |
| 1:23.7 | further ado, let's hear about that right now. All right, Robbie, welcome back to The Breakdown. |
| 1:32.4 | How are you? Nathaniel, I'm well. Thank you. Thanks for having me back. It feels like we've lived years, |
| 1:38.9 | decades, eternities, since you were on the show. It's been a crazy few months, I guess. Absolutely. I'm excited to be back and talk about |
| 1:48.0 | all the things that we've been working on. So let's kick in with the big news from today, this |
| 1:53.9 | announcement of a new partnership with FIS. Give us the context, the background, how the conversation |
| 1:59.4 | started. I mean, maybe let's start with, I guess, what the deal actually is. |
| 2:02.8 | Sure. |
| 2:03.2 | The deal is a partnership with FIS to power a core module where they will make a set of Bitcoin-related services available to all of the banks that want it that leverage |
| 2:20.9 | their core. And we're extremely excited about this. So, I mean, as you know, our product in this |
... |
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