Wild West Crypto Show Explores the Evolving Relationship between Banks and Crypto

• Show hosts discussed a Bank of International Settlements (BIS) report showing that seven percent of central banks are studying cryptocurrencies
• CryptoCurrencyWire’s communications director analyzed BlockPal and Tortooga’s digital wallet news
• This episode’s guest, a securities attorney, is an advocate of the crowdfunding strategy in the crypto space

During episode 52, Drew Taylor and Brent Bates, hosts of the Wild West Crypto Show (“WWCS”), asked why banks seem to be so anti-crypto when a new report by BIS finds that 70 percent of the 63 banks surveyed are conducting conceptual research on central bank digital currencies (“CBDC”). However, the study also found that 85 percent of banks surveyed are unlikely to issue these digital currencies in the near term, or even within the next one to three years (http://ccw.fm/b4CfW).

“If you can’t beat ‘em, join ‘em,” Taylor and Bates said during the discussion (http://ccw.fm/zqD6X). The two hosts pointed out that, despite the central banks taking a non-participant attitude, crypto transactions are growing, with $7 billion invested in ICOs in 2017 and almost $20 billion invested in ICOs and STOs in 2018. Even more money is currently sitting on the sidelines, watching to see where the market might go.

Jonathan Keim of CryptoCurrencyWire discussed the BlockPal and Tortooga strategic partnership creation of a branded digital wallet serving 40 million users in Mexico. He also talked about non-fungible tokens and their potential impact on charity giving. Keim closed with details on CryptoCurrencyWire’s participation in the ‘Bitcoin Ben’s World’s Largest Crypto Meet-up’ to be held in Blanco, Texas, on April 6 (http://ccw.fm/w5q2M). Blanco is about 45 miles from San Antonio. The event will be hosted by Bitcoin Ben and WWCS.

Guest Mark Roderick, a securities attorney, talked about the benefits of crowdfunding as a method of raising capital for cryptocurrency projects and ICOs. He noted that some lawyers tell clients that a cryptocurrency transaction is complicated and expensive. Roderick, however, indicated that that claim is not true and that these transactions can be handled as easily as a real estate syndication.

The Wild West Crypto Show is broadcast from Texas and also has its own site at www.WildWestCryptoShow.com, where past episodes can be viewed. The comprehensive show is packed with information that viewers or listeners might want to know about new coins and the latest happenings in the crypto space, combining news and advice with some fun.

For those who want to get the lowdown on crypto and blockchain, tuning into the Wild West Crypto Show — now on TV in 45 cities across the nation — could be the answer.

To view the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://ccw.fm/zqD6X

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