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BTC205: Bitcoin Interest on FDIC Insured Cash Accounts w/ Alex Leishman (Bitcoin Podcast)
Oct 23, 2024
In this engaging conversation, Alex Leishman, CEO of River, shares insights on a remarkable 30% growth in business Bitcoin adoption. He discusses how private companies are leading the charge, navigating the complexities of treasury management and volatility in crypto. Alex unveils River’s new service that offers interest on FDIC-insured cash deposits. He emphasizes the significance of proof of reserves for transparency and offers valuable advice for newcomers exploring the evolving landscape of cryptocurrency.
50:55
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Quick takeaways
- Business adoption of Bitcoin has surged by 30% over the past year, largely influenced by increased personal investment awareness and interest.
- River's new high-yield interest account allows for FDIC-insured cash deposits while earning Bitcoin interest, transforming treasury management strategies for businesses.
Deep dives
Growing Business Adoption of Bitcoin
The podcast emphasizes that business adoption of Bitcoin has increased by 30% over the past year, driven largely by trends in personal investment. As individuals become more familiar with Bitcoin, many business owners recognize the potential benefits and begin incorporating Bitcoin into their corporate treasuries. This correlation highlights a significant shift as personal adoption paves the way for business clients to explore cryptocurrency investments. The report also points to the importance of small and medium-sized businesses in this growing trend.
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