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Silvergate Bank of San Diego describes itself as a community bank, with clients that include a nearby chain of milkshake stores and a local architectural firm. But in the past year, Silvergate has taken on a new role: the go-to bank for the cryptocurrency industry.
Most U.S. banks steer clear of companies involved with digital currencies, which some worry can be used to launder money or fund ...
One of the ideas I am most proud of contributing to was “Trust” on Venmo. Part of Andrew Kortina and Iqram Magdon-Ismail’s original version of Venmo, the idea was to allow people who signed up for Venmo to “trust” (vs. friend or follow) other users. That gave the trusted person the ability to withdraw money from other users’ bank accounts at will, which made ...
During a recent meeting in the lobby of the Hotel Nikko San Francisco, a tech executive unexpectedly leaned forward in a high-backed white chair, fished a single penny-sized coin out of his wallet and dropped it onto the stone table.
It was a move meant to impress. This wasn’t loose change or a token—it was a physical bitcoin, gold-colored, with a hologram sticker on the back ...
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