You know Paul Fiore. He's the co-founder of Digital Insight - a grand dad of online banking and still in use at numerous credit unions today. Fiore has been on staff at credit unions, he also was a founder of CU Wallet, an innovative attempt to create a uniquely credit union mobile payments tool.
Now Fiore is spending much of his time noodling crypto and looking for ways for credit unions to play a part.
Know this: he still very much thinks credit unions need to offer crypto solutions to members. Otherwise, some members will just take their money elsewhere.
Also know that as this show was recorded in late June 2022, Bitcoin was down about 50% from a high a few months earlier. It had lost $20,000 in value in that span!
Fiore said he is holding his crypto and he adds that the big investors in crypto whom he knows are doing likewise. It's a down cycle for many markets, not just crypto, he says.
Don't panic.
And credit unions, he insists, still need to be investigating what crypto they need to be offering their members.
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