There are three mind blowing facts in this podcast.
Number one: credit unions currently have a greater appetite for offering crypto currencies to members than do banks to their customers. The source of that is Kian Sarreshteh, CEO of CryptoFi, a crypto as a service company formed to help traditional FIs to offer digital assets. His proof: CryptoFi has pivoted in the last year to focus on offering its products to credit unions.
Number two: NCUA is much more open to crypto than is FDIC, said Kian. So just when you think NCUA is a Stone Age relic chew on that.
Number three: the first credit union install for CryptoFi isn’t at a credit union in San Jose or Cambridge Mass or Brooklyn. It’s WeStreet, a $950 million institution headquartered in Tulsa OK.
On the show are Kian from CryptoFi and Eric Hilaire, chief digital officer at WeStreet.
Face reality: credit unions have to take steps to stop the outflow of member dollars into more contemporary asset classes, crypto definitely on the list.
Listen up
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com
And like this podcast on whatever service you use to stream it. That matters.
Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto
There are three mind blowing facts in this podcast.
Number one: credit unions currently have a greater appetite for offering crypto currencies to members than do banks to their customers. The source of that is Kian Sarreshteh, CEO of CryptoFi, a crypto as a service company formed to help traditional FIs to offer digital assets. His proof: CryptoFi has pivoted in the last year to focus on offering its products to credit unions.
Number two: NCUA is much more open to crypto than is FDIC, said Kian. So just when you think NCUA is a Stone Age relic chew on that.
Number three: the first credit union install for CryptoFi isn’t at a credit union in San Jose or Cambridge Mass or Brooklyn. It’s WeStreet, a $950 million institution headquartered in Tulsa OK.
On the show are Kian from CryptoFi and Eric Hilaire, chief digital officer at WeStreet.
Face reality: credit unions have to take steps to stop the outflow of member dollars into more contemporary asset classes, crypto definitely on the list.
Listen up
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com
And like this podcast on whatever service you use to stream it. That matters.
Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto