The Future of Banking with Kevin Lehtiniitty - Bitcoin Magazine Podcast

On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the cofounder, CTO and CPO of Banq.com, Kevin Lehtiniitty.

Banq.com is a new neo-bank built on top of Bitcoin. Banq is a subsidiary of Prime Trust, which builds a tremendous amount of financial infrastructure in the Bitcoin exchange space. Banq is a new way for people to live and bank on Bitcoin. Rather than a brokerage exchange interface like Coinbase or Gemini, for instance, Banq is designed more like a consumer bank account that incorporates Bitcoin. Banq wants to enable customers to tap into its massive liquidity and payment networks so that they can live 100% in Bitcoin. The app is focused on enabling you to take fiat income and transfer it straight to bitcoin.

Lehtiniitty opined on how he discovered Bitcoin and in the process was unbanked by his credit union, only cementing his appreciation for Bitcoin's liberating capabilities. Lehtiniitty has a deep appreciation for freedom and privacy and wants Banq to be a new kind of financial company that is Bitcoin native and has Bitcoin values built in — values like privacy, choice and consumer control.

Please enjoy this wide-ranging conversation with Kevin Lehtiniitty of Banq.com.
Follow Kevin @KevLeht

Timestamps:

0:00 - 4:10 Intro
4:10 - 5:13 Kevin introduces himself
5:13 - 6:24 Kevin's bitcoin story
6:24 - 9:36 Why is it important for people to get access to bitcoin?
9:36 - 11:50 Being ignorant to the state of money around the world/bitcoin education
11:50 - 16:43 What is Banq?
16:43 - 20:01 The format of the Banq app
20:01 - 23:43 Features that Banq offers
23:43 - 25:25 Funneling other asset classes into bitcoin
25:25 - 28:11 Banq's roadmap
28:11 - 31:14 The competition in the space
31:14 - 34:00 Does Banq plan to implement layer 2 technologies?
34:00 - 38:23 How do peer-to-peer transactions work on Banq?
38:23 - 41:35 How Banq improves privacy
41:35 - 43:52 The potential for a Banq debit card
43:52 - 46:07 Combining bitcoin with fintech
46:07 - 48:20 Hyperbitcoinization
48:20 - 52:25 Bitcoin 2021
52:25 - 53:42 Closing comments

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