Bitcoin Adoption With Quontic Bank – Bitcoin Magazine


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This week for the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with CEO of Quontic Bank Steven Schnall to discuss Quontic’s recent move to offer a bitcoin-back debit card. The bitcoin-back debit card offer users 1.5 percent cash back on their purchases in the form of bitcoin. This represents Quontic’s first official cryptocurrency product and a massive step for Bitcoin’s financialization as Quontic is firmly a legacy banking institution.

Schnall and Keroles discussed Quontic’s history and mission-driven purpose, as well as Schnall’s personal adventures mining cryptocurrency and buying bitcoin many years ago. Schnall believes that Bitcoin is a new economic paradigm and that every financial institution will begin offering Bitcoin-related product in the coming decade.

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The two also discussed the following topics:

  • Schnall’s Bitcoin history
  • Why Quontic was created
  • Quontic Bank’s mission-oriented business
  • Evolutions in bitcoin custody
  • Bitcoin as a hard money
  • Creating the bitcoin-back debit card product
  • What is next for Quontic Bank and Bitcoin


Bitcoin Magazine is the oldest and most established source of news, information and expert commentary on Bitcoin, its underlying blockchain technology and the industry that has grown up around it. Since 2012, Bitcoin Magazine has provided analysis, research, education and thought leadership at the intersection of finance and technology.