E52 – Access Untapped Buyers with Crypto Payments - Snehal Fulzele, Cion Digital

In this episode of The Payments Show Podcast, I spoke to Snehal Fulzele who is the Founder & CEO of Cion Digital.

Cion Digital helps businesses in areas such as big-ticket retail to access revenue opportunities by integrating their existing financial systems with cryptocurrency.

Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.show

Summary of topics discussed:
1. Customers Forcing Crypto Adoption
2. Selling Big Ticket Items
3. Integration Into Existing Systems
4. Platform vs Point Solution
5. Triple vs Double Entry Bookkeeping
6. Crypto Loans and Collateral
7. Borrowing, Risk and Regulation
8. Tax and Compliance
9. Case Study: Auto Dealerships
10. Reimagining Credit Scores
And much more…

Details:
- Recorded on 25 Jul 2022
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Snehal Fulzele, Founder & CEO, Cion Digital

[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- Cion Digital: w: ciondigital.com | t: @ciondigital

Chapters

• 0:00 Introduction
• 1:52 Start
• 2:33 Overview of Solution
• 3:02 Customers Will Force Crypto Adoption
• 4:26 Integration Into Existing Business Workflows
• 5:43 Differentiation From Other Crypto Solutions
• 9:12 Triple vs Double Entry Bookkeeping
• 9:41 Platform vs Point Solution
• 12:31 Selling Big Ticket Items
• 14:56 Crypto Borrowing and Taxes
• 16:28 Working with Auto Dealerships
• 20:48 Which Tokens? Stablecoins?
• 21:46 Borrowing, Risk and Regulation
• 25:06 Case Studies, Gen Z and Millennials
• 27:06 Reimagining Credit Scores
• 32:24 Lack of Talent is Slowing Innovation
• 33:18 Crypto Will Be Ubiquitous
• 34:13 Background to Cion: Financial Inclusion
• 39:31 Tax and Compliance
• 40:27 Get in Touch