#522: Breaking Down The Synapse Bankruptcy with Jason Mikula
TFTC: A Bitcoin Podcast · Marty Bent
July 10, 20241h 6m
Audio is streamed directly from the publisher (feeds.fountain.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
<p>Marty sits down with Jason Mikula to discuss fintech, Synapse, Banking as a Service, and the general state of banking.</p>
<p>Jason on Twitter: https://x.com/mikulaja</p>
<p>Jason's Substack: https://fintechbusinessweekly.substack.com/</p>
<p>0:00 - Intro<br />
1:42 - Background on the Synapse case<br />
12:19 - River & Unchained<br />
13:35 - Who is at fault?<br />
20:10 - FBO account structure<br />
24:36 - Impact on end users<br />
30:54 - Gradually, Then Suddenly & Zaprite<br />
32:32 - Unclear resolution and stain on fintech<br />
41:18 - Can small banks compete?<br />
49:46 - SVB and the state of the banking system<br />
57:00 - Are we seeing Chokepoint 2.0?<br />
1:03:58 - Plugs</p>
<p>Shoutout to our sponsors:</p>
<p><a href="https://river.com/tftc">River</a></p>
<p><a href="https://unchained.com/concierge/">Unchained</a></p>
<p><a href="https://zaprite.com/tftc">Zaprite</a></p>
<p><a href="https://thesaifhouse.com/gradually">Gradually, Then Suddenly</a></p>
<p>TFTC Merch is Available:</p>
<p><a href="https://merch.tftc.io/">Shop Now</a></p>
<p>Join the TFTC Movement:</p>
<p>Main <a href="https://www.youtube.com/c/TFTC21/videos">YT Channel</a></p>
<p>Clips <a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">YT Channel</a></p>
<p><a href="https://tftc.io/">Website</a></p>
<p><a href="https://twitter.com/tftc21">Twitter</a></p>
<p><a href="https://www.instagram.com/tftc.io/">Instagram</a></p>
<p>Follow Marty Bent:</p>
<p><a href="https://twitter.com/martybent">Twitter</a></p>
<p><a href="https://tftc.io/martys-bent/">Newsletter</a></p>
<p><a href="https://tftc.io/podcasts/">Podcast</a></p>