What Bitcoin Did #51 The Future of Banking with Zac Prince
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November 27, 2018
‘œI think the term bank won’t be used so much when we are talking about banking services 20 years from now.’ ‘” Zac Prince Interview location: New York Interview date: Wednesday 21st Nov, 2018 Company: BlockFi Role: Founder and CEO A sign of the maturing market is the growth of traditional financial products built for cryptocurrencies. Both the corporate and retail financial sectors understand the benefits of crypto, and thus a range of companies and institutions are bringing products to market. One of these such companies is BlockFi who offer loans backed by cryptocurrencies. BlockFi recognised that there are crypto holders who want to use the value of their crypto without selling and therefore provide loans which are collateralised with Bitcoin, Litecoin and Ether. BlockFi also recognises that the future of banking may be very different from the high street retail banking experience of today. The company is arguably a bank, if not, then they are at least a competitor, able to offer a growing range of…