Fintech and Bitcoin with Kevin Lehtiniitty - WBD274
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 30 October 2020
⏱️ 66 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 14th October Company: Prime Trust Role: Chief Product Officer
Over the last few years, neobanks and fintech companies such as Cash App, Revolut, Venmo (amongst others) have grown hugely in popularity, with many choosing to step away from traditional banking and jump on this new wave in finance.
Neobanks offer features that you cannot access in the traditional finance world. Along with quick and more effortless transactions, many services allow you to invest in stocks, commodities and Bitcoin (and other cryptocurrencies), from within their apps.
So, what impact will exposing hundreds of millions of people to Bitcoin have?
Prime Trust is one of the companies behind that help these fintech businesses operate, and in this interview, I talk to Kevin Lehtiniitty, their Chief Product Officer. We discuss financial censorship, the outdated legacy infrastructure in the US, neobanking and the role of bitcoin in the future of financial applications.
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Transcript
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| 0:00.0 | It's not even about the financial gain. |
| 0:02.0 | Like, sure, maybe it'll 10 acts, maybe it'll 100 acts, maybe it'll 2 acts. |
| 0:06.0 | I don't really care. |
| 0:07.0 | It's about the freedom. |
| 0:09.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:13.8 | How are you all? |
| 0:15.1 | Welcome to the What Bitcoin did podcast, which is brought to you by The |
| 0:17.7 | Mighty Cracken, the best place to buy, sell and trade Bitcoin. |
| 0:21.4 | I'm your host, Peter McCorm McCormack and today I've got an |
| 0:24.0 | interview with Kevin Latinity from Prime Trust where we're going to be |
| 0:27.8 | discussing FinTech and Bitcoin, but before that I do have a message from my |
| 0:31.7 | amazing show sponsors. |
| 0:33.3 | So first up today we're going to talk about Blockfai who have a very special Halloween offer |
| 0:38.3 | with Halloween being my birthday and being tomorrow. |
| 0:41.1 | You definitely want to check this out now BlockFi are the future of |
| 0:43.9 | Bitcoin and financial services and with them you can open up an interest account like |
| 0:47.9 | I did and you can start earning interest on your Bitcoin I've been a customer |
| 0:51.6 | for coming up to a year now and I've earned about one Bitcoin in interest |
| 0:55.2 | which is very very cool. |
| 0:57.2 | Also using your Bitcoin as collateral you can take out a USDA loan and you can also fund |
| 1:02.1 | your Blockfire account directly from your |
| 1:04.4 | Bitcoin wallet and with the BlockFi mobile app you can also now fully manage |
... |
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