{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"Plaid executive breaks down the future of digital finance","html":"","width":"100%","height":180,"duration":2595,"description":"Plaid, a fintech infrastructure and payments provider aiming to simplify the digital financial ecosystem through a single API, recently announced big crypto players such as Gemini and Binance.US are joining its network of financial institutions.\nThe move is part of Plaid's broader effort to integrate both legacy institutions and crypto service providers into its platform, which was valued at more than $13 billion last year after a $425 million fundraise.\nIn this episode of The Scoop, Plaid's head of UK, Keith Grose, joins host Frank Chaparro to discuss how its integration with crypto platforms is helping bring new users into the ecosystem, and to break down what the future of digital finance will look like.\nAccording to Grose, users' digital financial interactions will increasingly be controlled by a single wallet that is able to move seamlessly between different platforms:\n\"You are essentially, as a user, going to have this back end wallet, whether it's your bank account or your crypto wallet, that you control the keys to and you can take wherever you want to use it around the digital world. That's where we're headed.\"\nWhile Plaid is built to cater to a range of digital financial platforms, Grose points out that all financial transactions ultimately come down to trust:\n\"What we're really talking about when you're talking about payments is trust… and I think we're more and more moving to a place where trust is becoming digital, and proving trust online in the digital world is very different than proving trust in a physical, community based system that most of humanity has been in for most of history.\"\n\nEpisode 79 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Plaid head of UK/EU Keith Grose.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.\nThis episode is brought to you by our sponsors...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}