Interview: Bitcoin Adoption With Quontic Bank

https://www.youtube.com/watch?v=zdrUZmPGMq8

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This week for the “Bitcoin Magazine Podcast,” host Christian Keroles sat 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 percent cash back on their purchases in the form 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.

Schnall and Keroles discussed Quontic’s history and mission-driven purpose, as well as Schnall’s personal adventures mining cryptocurrency and buying bitcoin many years ago. Schnall believes that Bitcoin is a new economic paradigm and that every financial institution will begin offering Bitcoin-related product in the coming decade.

The two also discussed the following topics:

• Schnall’s Bitcoin history

• Why Quontic was created

• Quontic Bank’s mission-oriented business

• Evolutions in bitcoin custody

• Bitcoin as a hard money

• Creating the bitcoin-back debit card product

• What is next for Quontic Bank and Bitcoin