#82 | Why Banks Won't Let You Buy Bitcoin on Credit

In this conversation, Mikhail, co-founder and CEO of YUMI Finance, discusses the intersection of cryptocurrency and traditional banking, particularly focusing on neo banks and the buy now, pay later (BNPL) model. He explains how YUMI aims to provide credit as a service on stablecoin rails, allowing users to access credit in a more flexible and user-friendly manner. The discussion also touches on the challenges and opportunities in emerging markets, the future of credit in the crypto space, and the importance of perseverance in the fintech industry.---------Follow Marco's Twitter https://x.com/ManoppoMarco/Follow Lambro's Twitter https://x.com/2lambro/Follow Mikhail's Twitter https://x.com/shortusdlongeth/Read our free newsletter for the next best web3 products, strategies, and trends. Join 17,000+ web3 builders and investors at: https://launchy.app/--------Chapters(00:00) Intro: Is the Market Down? & Rapid Fire (01:23) The Sad State of Crypto Cards (Ether.fi vs. Kast) (01:47) Why Neobanks are the "Trojan Horse" for Crypto (03:30) Introducing Yumi: The "Klarna" of Web3? (05:46) BNPL vs. Credit Cards: The 6% Merchant Fee Secret (09:06) Why Banks Love "Unsecured Lending" (11:04) Gen Z & The "Zero Interest" Loan Addiction (14:05) The World's First Crypto Credit Card? (No Collateral) (16:13) Killing the Credit Score: Underwriting via On-Chain Data (17:57) Alpha Alert: Equity vs. Token Airdrops? 🪂(19:05) The Future: Buying Conference Tickets on Credit------------------------------DisclaimerAll views expressed by the me is solely my opinions. I may maintain positions in the assets discussed in this podcast. This podcast is for informational purposes only and nothing in the podcast is intended to be financial, legal, or even life advice.