The Investing for Beginners Podcast - Your Path to Financial Freedom The Rookie’s Guide to Crypto: Why Blockchain Matters with Kyle Reidhead
Sep 8, 2025
Kyle Reidhead from Milk Road shares his insights on cryptocurrency and blockchain technology, explaining their transformative potential for global financial systems. He discusses how stablecoins like USDC can provide stability and facilitate cost-effective transactions, especially in underbanked regions. Reidhead highlights the differences between Bitcoin and Ethereum, stressing the importance of firsthand experience in crypto for both novices and seasoned investors. The conversation wraps up with practical advice on navigating this rapidly evolving landscape, promoting financial literacy and smart investments.
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What Blockchain Really Is
- A blockchain is a distributed set of databases nobody owns that lets users custody their own value.
- It enables instant, low-cost movement of money globally, similar to how the internet transformed information.
Global Payments Problem Blockchain Solves
- Crypto solves real global payment problems where traditional banks and rails are slow, costly, or unavailable.
- This matters especially for workers in underserved countries and for remittances with high fees.
Paying Global Employees The Hard Way
- Kyle describes paying employees worldwide and struggling to pay Argentina and India using traditional rails.
- That real experience motivated his company to use crypto payroll for cross-border savings.