Do you know anyone who runs a crypto startup or lives 100% on crypto? What a time to be alive!
My favorite people in the world are crypto entrepreneurs, so when I discovered CoinCards at the Guns N’ Bitcoin event in Miami, I was pleased to have the opportunity to meet and sit down with Mike Olthoff, the company’s founder.
“You can have confidence in spending your crypto and living off Bitcoin. Get rid of the bank accounts,” Mike told me.
After getting involved in Bitcoin back in 2013, Mike noticed there was initially a real push by the crypto community to get vendors to start accepting cryptocurrencies as a payment method.
Unfortunately, most major vendors did not want to take the risk associated with holding or even trading in BTC. The need from the crypto community to be able to use their cryptocurrency as a currency, however, remained a real issue.
Thus, he set up CoinCards in 2014 with a vision to help the community spend their cryptos at all retailers, using those retailers’ existing gift card infrastructure.
In my discussion with Mike Olthoff, we covered everything from privacy coins, including Monero (XMR) and Pirate Chain (ARRR), to more broad topics like crypto entrepreneurship and the BTC lifestyle.
When it comes to hyperbitcoinization, Olthoff says:
“The crypto economy is a rapidly growing network, which can be used as a store of value and money. I feel the best way to grow that network is by using your cryptocurrencies in everyday commerce.”
During our interview, the startup founder shared some unique insights about the blockchain industry and the pros and cons of using crypto payments in 2022.
We also talked about the economic concept of sound money, burdensome know your customer (KYC) regulations, regional availability, and international expansion.
Enjoy the full interview here:
Watch on: Odysee | Rumble | YouTube | Facebook | BitChute | Vigilante.TV
Of course, here at The Crypto Vigilante (SUBSCRIBE), we have no business relationship with CoinCards – or any other company or crypto project.
I, like, Mike, look forward to the day when cryptocurrencies are the primary form of currency used for all trade at all retailers across the world.
Until then, it’s essential to build the tools and services that will help us bridge the gap between now and then.
Pro-tip: One great way to earn crypto is to create a crypto startup company.
Follow me on Twitter @VamosVigilante.
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The Crypto Vigilante (SUBSCRIBE) is the premier financial newsletter specializing in crypto-asset markets. Follow TCV on BitChute, Facebook, Flote, Gab, Instagram, Medium, MeWe, Minds, Odysee, Rumble, Streamanity, Substack, TikTok, Twetch, Twitter, Vigilante.tv and YouTube.
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