The Future of Blockchain and Financial Services

This episode is brought to you by:

Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy-to-integrate APIs. Whether you’re a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.

[00:01:32] – (First Question) – His work in the finance world before cryptocurrencies

[00:05:12] – Experience navigating the subprime mortgage crisis and what it taught him about blockchain

[00:09:59] – The levers that matter in the financial services industry today vs when he first started

[00:14:07] – Open vs closed money in financial services

[00:19:16] – How slowdowns are different in the modern era

[00:23:06] – What would lead to a major winding down of global debt

[00:27:09] – What would be his focus as a traditional investor

[00:29:21] – How he first got involved with bitcoin

[00:29:47] – Elliott Wave Newsletter

[00:31:53] – His measured view of Bitcoin and living through the volatility of it

[00:32:03] – Bitcoin: A Peer-to-Peer Electronic Cash System

[00:35:57] – Allocation of a portfolio which includes crypto

[00:36:54] – His involvement and feelings on gold

[00:37:56] – The formation of Paxos and the problem it exists to solve

[00:41:34] – How Paxos is impacting the finance space

[00:44:12] – Advantages of a private blockchain

[00:43:59] – What is Pax Gold and how does it work

[00:48:53] – Bad ways and situations to own gold

[00:52:12] – Using a stable coin

[00:56:00] – Biggest problem they are working on now

[00:57:23] – What should people pay attention to in the cryptocurrency space

[00:59:23] – Coindesk Research Archive

[00:59:39] – Has the influx of interest in crypto helped other spaces

[01:02:11] – Other lessons people should learn from his career

[01:04:53] – Kindest thing anyone has done for Chad