Episode 37 | Gísli Kristjánsson from Monerium on using your wallet as a bank account The Accountant Quits Podcast

One of the barriers for crypto adoption today lies in connecting the legacy financial system to the decentralized one.

While crypto ramps exist to allow the economic value to flow from fiat money into cryptoassets, and vice versa, the process can be painstakingly long for the inexperienced user, as it involves using a crypto exchange.

One company that has built a bridge between the banking system and blockchain without the need to use crypto exchanges is Monerium.

Everyone understands how IBANs work, and using a blockchain IBAN, you are able to move funds from your bank account to your crypto wallet in a few seconds through the Monerium platform.

To discuss how your wallet is now your bank account, I spoke to Gísli Kristjánsson, the co-founder and CTO of Monerium.

Topics covered;


How Gísli’s got interested with blockchain and founded Monerium (2:15)
How money moves around the current banking system (6:38)
What is Monerium and what are e-money (11:49)
How to use Monerium to send money directly from bank account to crypto wallet (13:24)
Minting process for e-money, and how it compares to stablecoins (19:32)
Gas fees/transaction fees when using Monerium platform (22:46)
How to get started with Monerium (24:38)
Is Monerium a bank, and what happens to reserves if Monerium goes bankrupt (29:02)
How to make e-money business profitable with negative interest rates in EU (32:39)
Building on Monerium and using the open source API (using Request Network as example) (35:58)
Challenges faced by Monerium for crypto adoption (40:35)
Upcoming new features & partnerships (Request Finance, Superfluid) (43:12)
Closing thoughts on Monerium’s infrastructure to change how the world works (47:47)

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For Episode 37 with Gísli Kristjánsson from Monerium , please visit https://theaccountantquits.com/episode-37-gisli-kristjansson-from-monerium-on-using-your-wallet-as-a-bank-account/
For show notes and past guests, please visit theaccountantquits.com/podcast/

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