A 1930s postal credit union now custodies real Bitcoin. St. Cloud CEO Jed Meyer breaks down its hybrid vault model and quiet path to over 20 BTC.
A credit union founded by postal workers in 1930 is now custodying real Bitcoin for its members. St. Cloud Financial Credit Union CEO Jed Meyer explains how its patent-pending hybrid custody model gives each member individual Bitcoin ownership in a multisig vault.
He also covers how the credit union has grown to more than 20 BTC under custody without even trying. Chapters:00:00 St. Cloud Financial Credit Union’s Path to Bitcoin01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks02:26 Bitcoin ETF vs.
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