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Why Caitlin Long and Meltem Demirors Are Worried About Crypto’s Future in the US - Ep. 470
Unchained
The Real Challenge With Crypto Banking
Silicon Valley Bank, SVB, did not engage in any transactional crypto banking. Silvergate and Signet enabled dollars to settle 24-7,. 365, in near real time, in the same way that crypto settles. Wires settle from 9 to 5, Monday through Friday, except for bank holidays. There is no way to replace that easily. It'll be very interesting to see particularly with the Fed launching its own FedNow payment system in July.
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