How Cryptocurrency Loans Work with Zac Prince, CEO of BlockFi - a podcast by Michael Nye: Bitcoin, Ethereum, Litecoin, Blockchain, Cryptocurrency, Crypto Advocate

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Evolvement is a podcast hosted by Nye that revolves around Bitcoin, cryptocurrency, blockchain technology, and how these play a role in the current financial models and economic systems of the world.

In this episode, I sat down with Zac Prince, CEO of BlockFi, to discuss the importance of cryptocurrency loans. We talk a bit about how the process of loaning Bitcoin, Litecoin, and Ethereum works and why it is important to the space. We discuss a bit about taxes when loaning Bitcoin and how the value of these cryptocurrency loans are calculated.

Zac and I also discuss a bit about why someone would choose crypto loans over traditional loans.

You can learn more about BlockFi at https://blockfi.com/.


Blockfi Timestamps

1:45 - What is your background and how did you get started in crypto?

4:50 - What need did you see in the crypto space that lead you to starting BlockFi?

7:00 - How does crypto lending work?

11:00 - How Blockfi works with taxes?

12:30 - Why is crypto lend relevant and important to the whole space?

15:10 - Why would I choose using crypto loans over traditional loans?

17:10 - How do you calculate the value of loans and how do you hedge?

19:18 - How are you integrating into major exchanges?

21:10 - What happens when people default on their loans?

23:42 - What do you think the future holds for crypto loans?

26:00 - What differentiates BlockFi from your competitors?

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