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Banking with Bitcoin w/ Steven Schnall CEO of Quontic Bank
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This week for the Bitcoin Magazine Podcast, host Christian Keroles sits down with CEO of Quontic Bank Steven Schnall to discuss Quontic's recent move to offer a Bitcoin back debit card. The Bitcoin Back debit card offer users 1.5% cash back in the for of Bitcoin. This represents Quontic's first official cryptocurrency product and a massive step for Bitcoin's financialization as Quontic is firmly a legacy banking institution.
Steven and Christian discuss Quontic's history and mission driven purpose as well as Steven's personal adventures mining cryptocurrency and buying Bitcoin many years ago. Steven believes that Bitcoin is a new economic paradigm and that every financial institution will begin offering Bitcoin related product int he coming decade.
We discuss the following topics:
- Steven's Bitcoin History
- Why Quontic was created
- Quontic Bank's mission oriented business
- Evolutions in bitcoin custody
- Bitcoin as a hard money
- SOV Creating the Bitcoin back debit card product W
- hat is next for Quontic Bank and Bitcoin.