Crypto Critics' Corner Why Crypto Will Never Fix Payments (Feat. Patrick McKenzie)
6 snips
Nov 15, 2023 
Patrick McKenzie, co-founder of Bits About Money, discusses why cryptocurrency is not a solution for payment problems. The podcast explores the nature of payments, impact of banking regulations, effects on banks, and the limitations of cryptocurrency.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
The Nature of Payments: Promises and Certainty
02:14 • 17min
The Impact of Banking Regulations on the Payments Infrastructure
19:31 • 23min
The Impact of Regulations on Banks and Debit Card Fees
42:53 • 7min
The Pension Apocalypse and the Story of Farmington State Bank
49:38 • 3min
Regulatory Actions and Banking Regulations
52:46 • 8min
Limitations of Cryptocurrency in Payments
01:01:14 • 12min