Kraken's Jesse Powell: "Currencies have a finite life"
The Times Tech Podcast
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Is There a Bank of Last Resort for Cryptocurrency?
Right now we have banking partners and payment processors. What we can't do by ourselves is actually hold the funds with the fed. We need a partner bank essentially has that fed master account. So this we'll like, eventually, if, once we get the fed master account we won't technically need to have a banking partner. And i think there a lot of banks that still don't understand the risk profile,. or how to evaluate the risk of crypto currency transactions. You still see people getting their bank accounts shut down because they boughtb oin somewhere.
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