2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Battle Days of Crypto Banking

We're basically going back to the battle days where getting a merchant account at a bank is immensely difficult, especially for a startup or a smaller firm. And whether you can get those relationships is make or break for your business. I don't think banking should be the thing that determines whether you succeed as a business. But that's sort of where we're going now. We had this kind of magical era of boutique crypto focused banks from kind of 2017 to 22. They've been vaporized. Now there's a handful of banks that still serve as crypto, but they're pretty and have a lot of pressure to not do it. So we're rewinding, we're going back to

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