What Would a Bitcoin-Native Bank Actually Look Like? | Piotr Bedkowski #223

<p>The pound has lost 95% of its purchasing power since 1971. Every fiat currency in history has eventually gone to zero. Bitcoin might be the first money that actually holds its value — and building the financial services around it is what Piotr, Product Manager at Xapo Bank, has spent years working on.</p><p><br /></p><p>In this episode, Jordan sits down with Piotr to explore:</p><p><br /></p><ul><li>How Piotr Bedkowski went from ING Bank sceptic to fully orange-pilled Bitcoiner</li><li>Why Xapo Bank only holds USD and BTC — and why that's a deliberate choice</li><li>The case for borrowing against Bitcoin instead of selling it</li><li>How Xapo's underground vaults earned the nickname "Fort Knox of Bitcoin"</li><li>Why rehypothecation of collateral is off the table at Xapo — full stop</li><li>Earning yield and monthly Bitcoin income from your existing stack</li><li>What the "iPhone moment" for global Bitcoin adoption might actually look like</li><li>Why Bitcoin-backed lending rates should, in theory, be the lowest in the world</li><p><br /></p></ul><p>TIMESTAMPS:</p><p>00:00 Intro — Bitcoin is currency for the people</p><p>01:00 Welcome and Piotr's background</p><p>02:00 Joining Xapo Bank and building wealth products</p><p>04:00 Bitcoin-backed lending and yield on Bitcoin</p><p>06:00 Discovering Bitcoin twice — and why most people do</p><p>09:00 Looking for the next Bitcoin (and why that's a mistake)</p><p>10:00 Currency debasement — Argentina, Europe, and everywhere else</p><p>13:00 The history of money and why fiat always fails</p><p>17:00 What Xapo Bank is actually building and why</p><p>19:00 Self-custody vs. custodial — meeting people where they are</p><p>22:00 Inside Xapo's vaults — the Fort Knox of Bitcoin</p><p>27:00 MPC security and why transactions are now near-instant</p><p>32:00 How Xapo decides what products to build next</p><p>38:00 Bitcoin-backed cards and what's coming</p><p>42:00 Zero rehypothecation — and why it matters</p><p>44:00 The iPhone moment and Bitcoin's next ten years</p><p>48:00 Why Bitcoin-backed lending rates should be the lowest</p><p><br /></p><p>🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/</p><p><br /></p><p>CONTACT JORDAN:</p><p>X: https://x.com/JayW132</p><p>LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/</p><p>Email: hello@bitcoincollective.co</p><p><br /></p><p>CONTACT PIOTR:</p><p>💬 X: http://x.com/piotrbed</p><p>💼 LinkedIn: https://www.linkedin.com/in/piotrbedk/</p><p><br /></p><p>READ OUR NEWSLETTER:</p><p>https://newsletter.bitcoincollective.co/</p><p><br /></p><p>LISTEN / SUBSCRIBE:</p><p>Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec</p><p>Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613</p><p>Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN</p><p>YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1</p><p><br /></p><p>All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice.</p><p><br /></p><p>Borrow Against Bitcoin Without Selling a Single Sat — Xapo Bank's Product Manager Explains How</p><p>Why Every Fiat Currency Eventually Goes to Zero — and What Comes Next</p><p>Bitcoin-Backed Loans, Yield, and the Future of Money With Xapo Bank</p><p><br /></p><p>⸻</p><p><br /></p><p>EDITED BY JAMES PEARCE</p><p>LinkedIn: https://www.linkedin.com/in/james-pearcesf/</p><p><br /></p><p>Available now on YouTube and all major podcast platforms.</p><p>This episode is for educational purposes only and does not constitute financial advice. Always do your own research.</p>