Signature Bank’s Shay: “Bitcoin has proven itself a store of value”   Scott Shay, chairman of Signature Bank in this discussion with Emmanuel Daniel said that early adopters of cryptocurrencies saw a serious problem with how payments, money and store of value were handled. This led to the bank developing its blockchain-based payment platform, Signet. The bank is also focused on the commercial and business communities that will be important Signet users who want the immediate payment and the store of value features that the system offers.   Key points discussed: ● Signature Bank is one of the few banks in the US that did not report a loss during the global financial crisis ● He coined the word “econgularity,” combining economic and singularity, the point at which a higher authority will have access and use of data from all financial and monetary transactions. ● Signature Bank is building a “zero-loss” crypto lending business that will be able to lend to its biggest and best clients ● The bank created a “sandbox” for its institutional clients to test and vet their APIs and vice versa ● The Reddit Gamestop episode demonstrated that the system worked. Despite huge swings in pricing, clearing houses and others stayed solvent, and maintained safety and stability of the system.