What Bitcoin Did with Peter McCormack

Fintech and Bitcoin with Kevin Lehtiniitty

10.30.2020 - By Peter McCormackPlay

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“It’s not even about the financial gain; sure maybe it’ll 10x, maybe it’ll 100x, maybe it’ll 2x. I don’t really care. It’s about the freedom.”

— Kevin LehtiniittyLocation: Squadcast

Date: Wednesday 14th October

Company: Prime Trust

Role: Chief Product OfficerOver 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 We discuss financial censorship, the outdated legacy infrastructure in the US, neobanking and the role of bitcoin in the future of financial applications.

This episode’s sponsors:Kraken - The best place to buy, sell & trade Bitcoin

BlockFi - The future of Bitcoin financial services

Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

Casa - The leading provider of Bitcoin multisig key security.

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