The Winklevii just hired a co-founder of Starling Bank to run Gemini's European business. Here's why the neobank exec made a jump to crypto.
"I think this is the perfect time, because the crypto market is coming to age," Sawyer told Business Insider.
"Having the opportunity to build a bank is probably once in a career. I've done that," said Sawyer. "To me, it was a natural step. I've done the future of banking, so now I'll do the future of money and find out where this is going to go." Sawyer sees part of his role in building out Gemini's European footprint to be raising awareness of possible crypto use cases. Crypto is more than just bitcoin, he said.
"It's about doing it right," said Sawyer. "You can cut corners in compliance, how you store client money, payments infrastructure, and service levels, et cetera. But that is the wrong way of building a business, and we all know that.""If your money, your investments, and you payments are not safe and secure, you're not going to use it," he said. "Therefore, you've got to go regulation first, security first, and compliance first.
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