An institution originally established by postal employees back in 1930 is presently holding actual Bitcoin for its account holders. Jed Meyer, the Chief Executive Officer of St. Cloud Financial Credit Union, details the way their patent-pending hybrid custody framework grants every participant direct personal ownership of Bitcoin inside a multisig vault. He likewise discusses the manner in which the financial cooperative has amassed over 20 BTC in storage effortlessly.
Chapters:
00:00 St. Cloud Financial Credit Union’s Path to Bitcoin
01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks
02:26 Bitcoin ETF vs. Credit Union Custody: The Hybrid Custody Model
03:18 Bringing Main Street Into Bitcoin With Direct Buy and Sell
04:45 Minnesota Custody Law, NCUA Exams, and the CLARITY Act
07:32 20+ Bitcoin in Member Vaults and Lightning Plans
09:38 What It Takes for a Credit Union to Own Bitcoin
10:57 The Cloud Dollar Stablecoin and the Cooperative Ownership Model
12:59 How Credit Unions Decide Which Digital Assets to Offer
14:10 Educating Skeptics and Why Credit Unions Must Own Their Rails
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Originally published at https://bitcoinmagazine.com/videos/350m-st-cloud-ceo-the-first-credit-union-to-put-bitcoin-on-core-ledger-jed-meyer.
