The World's First Crypto Bank with David Kinitsky & Marco Santori - WBD263
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 25 September 2020
⏱️ 66 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 23rd September Company: Kraken Financial & Kraken Role: CEO & Chief Legal Officer
Last week Kraken announced that the Wyoming Banking Board had voted in favour of the exchange's application for a banking charter under Wyoming's Special Purpose Depository Institution statute. This charter makes Kraken the first cryptocurrency company to gain banking status.
Receiving the banking charter opens traditional rails in the finance world that had previously been unavailable to the exchange, and in turn, will lead to the development of a range of innovative new banking services.
In this interview, I talk to Kraken Financial CEO David Kinitsky and Kraken's Chief Legal Officer Marco Santori. We discuss the creation of a crypto bank, what it will mean to both the industry and Kraken customers and why they chose Wyoming.
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Transcript
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| 0:00.0 | The bottom line is that a bank is a big deal. Banking is the grand daddy of the mall. |
| 0:06.0 | Hello there from the United Kingdom. How are you all? Welcome to the What |
| 0:10.4 | Bitcoin did podcast which is brought to you by the mighty |
| 0:12.6 | Cracken, best place to buy, sell on trade Bitcoin. I'm your host Peter McCormack, |
| 0:16.7 | and today I've got an interview with Cracken Financial CEO David Kininsky and |
| 0:21.5 | Kraken's chief legal officer Marco Santori. |
| 0:24.4 | We're going to be discussing Krakhan becoming a bank, but before that I do have a |
| 0:28.8 | message from my show sponsors. So first up we have Block Fight who are the future of Bitcoin and financial services and with BlockFi you can open up an interest account and start earning interest on your Bitcoin. I am a customer and I love a receiving my interest every month so with BlockFi. You can use your |
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| 1:06.0 | And also let's talk about Krakan who are featured in the show today. |
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