#76: Crypto Powered Neobank for Businesses with Ryan Bozarth from Dakota

Nov 1, 2024

38:53

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With traditional banks, it takes days to move your money, they offer little to no yield, and worst of all, they can freeze your account without warning.

Also, you no longer control your assets once deposited - they become liabilities on the bank’s balance sheet. That means if things go wrong, your best hope is a bailout.

We’re currently ushering into a new era of banking, one powered by stablecoins.

One company building on this vision is Dakota, a crypto-powered neo-bank designed for global businesses.

With Dakota, your deposits are fully backed by U.S Treasuries, you can send money globally with no transaction fees, and earn yield on your assets through U.S Treasuries and DeFi products, all within a single platform.

On Episode 76, I spoke with Ryan Bozarth, the Co-Founder & CEO of Dakota.

If you’re a fan of the smooth, user-friendly experience of Neobanks like Mercury, Brex, Wise, or Revolut, then you’re going to love Dakota. Think all that, but with the speed of crypto - where international wires don’t take days, but minutes.

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Topics covered:

(0:00) Episode Intro

(2:36) Stripe’s acquisition of Bridge