017: The Rise of Bitcoin ATMs and Solutions for Synthetic Identity Theft with Daniel Polotsky, Naftali Harris, and Maxwell Blumenfeld

Saving With Steve

In this episode of Saving With Steve, host Steve Sexton is joined by Daniel Polotsky, the Founder, Shareholder, and Chief Advisor at CoinFlip, and Naftali Harris and Maxwell Blumenfeld, the Co-Founders and CEO and COO of SentiLink.

Bitcoin and other cryptocurrencies have been gaining lots of popularity, with Bitcoin just hitting $56,710 a coin. People who purchased it early have made tons of money. How would you like to go to an ATM and purchase Bitcoin or another Cryptocurrency and have funds transferred to your wallet in no time?

My first guest today, Daniel Polotsky, is the Founder, Shareholder, and Chief Advisor at CoinFlip, which is the world’s largest bitcoin ATM network that offers the easiest way to buy and sell cryptocurrency with cash. He joins us today to discuss what is happening in the world of Crypto, the different types of cryptocurrency, what 2021 can look like for unbanked individuals who want to learn more about cryptocurrency, and what CoinFlip does differently.

Imagine you just submitted your application for a loan. The financial institution starts pulling your credit, enters your social security number, and there are 10 other applications with your social security number on them. Yet, only one of you exists, and the rest of the applications have synthetic names and backgrounds. Scary? I think so!

My second guests, Naftali Harris and Maxwell Blumenfeld, the Co-Founders and CEO and COO of SentiLink, which is a fraud protection tech firm and identity verification technology company that has built the only comprehensive industry solution for stopping synthetic fraud. They join us today to discuss synthetic fraud and its effects to our overall financial system as well as to everyday people. Naftali and Maxwell share how synthetic fraudsters grow credit quickly, how hard synthetic fraud is to detect, and what SentiLink is doing to combat the growing problem of identity fraud.

Learn more about the show at www.SavingWithSteve.us