What Would a Bitcoin-Native Bank Actually Look Like? | Piotr Bedkowski #223

About this episode

In this episode, Jordan Walker interviews Piotr Bedkowski about the future of Bitcoin banking and financial services.

The pound has lost 95% of its purchasing power since 1971. Every fiat currency in history has eventually gone to zero. Bitcoin might be the first money that actually holds its value — and building the financial services around it is what Piotr, Product Manager at Xapo Bank, has spent years working on. In this episode, Jordan sits down with Piotr to explore: How Piotr Bedkowski went from ING Bank sceptic to fully orange-pilled Bitcoiner Why Xapo Bank only holds USD and BTC — and why that's a deliberate choice The case for borrowing against Bitcoin instead of selling it How Xapo's underground vaults earned the nickname "Fort Knox of Bitcoin" Why rehypothecation of collateral is off the table at Xapo — full stop Earning yield and monthly Bitcoin income from your existing stack What the "iPhone moment" for global Bitcoin adoption might actually look like Why Bitcoin-backed lending rates should, in theory, be the lowest in the world TIMESTAMPS: 00:00 Intro — Bitcoin is currency for the people 01:00 Welcome and Piotr's background 02:00 Joining Xapo Bank and building wealth products 04:00 Bitcoin-backed lending and yield on Bitcoin 06:00 Discovering Bitcoin twice — and why most people…

People in this episode

Host: Jordan Walker

Guest: Piotr Bedkowski

Topics covered

• Bitcoin banking
• financial services
• Bitcoin adoption
• currency debasement
• Bitcoin-backed lending

Keywords

• Bitcoin
• Xapo Bank
• lending
• currency debasement
• financial services
• USD
• Bitcoin adoption

Mentioned in this episode

Organizations: Xapo Bank, ING Bank

Products: Bitcoin, USD

Places: Argentina, Europe

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