Why Banks Won't Let You Buy Bitcoin on Credit | MTS #83

Описание: Try buying crypto with a credit card, and you'll likely get declined or slapped with a massive "cash advance" fee. Traditional banks simply don't understand your on-chain net worth, so they treat you like a risk.

In this episode of More Than Speculation, Marco and 2lambro sit down with Mikhail, founder of Yumi Finance, to discuss why true credit has been impossible in crypto until now. They break down why current "crypto cards" are actually just prepaid debit cards, and how Yumi is building the first protocol to offer un-collateralized/unsecured credit based on your digital assets, not just your salary.

We explore the hidden mechanics of Buy Now Pay Later (BNPL), why Neobanks are the secret Trojan Horse for mass adoption, and if we are finally close to the holy grail: spending your crypto wealth without selling it.

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Mikhail (Yumi Finance)
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👉 https://yumi.finance

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Timestamps:
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

🚨 Disclaimer 🚨 All views expressed by me are 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.

#YumiFinance #BNPL #CryptoCredit #Neobank #DeFi #Klarna #Fintech #MoreThanSpeculation