Zac Prince on the Future of Banking With Bitcoin - WBD051
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 27 November 2018
⏱️ 61 minutes
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| 0:00.0 | Well, I think it will ultimately drive more adoption because it creates an opportunity to deliver these products and services in a way where it doesn't always have to be primarily Bitcoin. |
| 0:16.8 | So if someone, for example, that is unbanked, and maybe that's not part of Block Vides |
| 0:21.2 | addressable market, but just step away from Block Vie for a second. |
| 0:25.4 | If they're going to access a financial system that's not the traditional financial system, |
| 0:31.9 | I think we could probably agree that right now it doesn't make |
| 0:34.0 | sense for them to have all of their money in Bitcoin. So wouldn't they be more |
| 0:39.2 | likely to start using this new financial system to power the majority of what they're doing |
| 0:44.0 | if they also had the ability to hold other assets like traditional Fiat |
| 0:50.7 | Currencies while they're still around it before they get taken over by |
| 0:53.3 | Bitcoin. |
| 0:58.3 | Hi there, how are you all? |
| 1:01.6 | Welcome to the What Bitcoin did Podcast, where you get to hear from the best mines in Bitcoin and crypto. I'm your host Peter Morkormack and this week I have an interview with Zack Prince from Blockfi. But first I do have a message from my show sponsors. So let's talk about Deribit, the rapidly growing futures |
| 1:15.3 | and options exchange for cryptocurrencies. |
| 1:17.3 | So why are they grown so quickly? |
| 1:18.8 | Well, firstly, they've never been hacked, |
| 1:21.0 | which we all know is a massive problem in crypto. |
| 1:23.5 | They have designed their tech stack for stability so they don't experience system overload |
| 1:26.7 | crashes like you see with other trading platforms when the prices go crazy. |
| 1:30.7 | They can easily support high frequency trading and they allow for instant withdrawals and they have never once had a socialized loss which is pretty cool |
| 1:37.2 | So if you want to check them out they do have an offer you can get a 10% discount for your first six months on the platform. |
| 1:42.8 | Just head over to Deribits.com, that's Deribits with an S, which is D-E-R-I-B-I-T-S dot com. |
| 1:49.1 | Deribits with an S.com. And please note, Deribit is not available for U.S. citizens. |
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