In this YouTube monologue, Alexander Lorenzo explains Payward’s (the company behind Kraken) October 14 announcement that it will acquire Saldo Bank in Lithuania, making it the first crypto‑owned bank in Europe. He outlines why a crypto exchange needs a traditional bank: only a bank can offer interest‑bearing deposits, consumer loans, and the ability for customers to borrow against crypto holdings without selling. Lorenzo details Payward’s broader regulatory push, including a Wyoming bank’s limited master account at the Federal Reserve and a pending OCC national trust charter, mirroring moves by Coinbase and Ripple. He notes Payward’s aggressive acquisition strategy—buying Bitnominol and Reap Technologies earlier in the year—and its banking side already originating over $2 billion in loans. The speaker argues this convergence will trigger a massive wealth transfer, urging viewers to act now. He concludes by offering a free “Autonomous Trader” tool, claiming it automates crypto research and trading to help people profit quickly during the upcoming shift.
Chapters
Kraken's owner just agreed to buy a bank. Payward, the company behind Kraken, announced October 14th that it's buying Saldo Bank in Lithuania. And the Financial Times says that it would make it the first crypto company to buy a bank in Europe. Look at the timing of the market right now. A bull market is pending. And Saldos is a real bank. It's licensed by European Central Bank. It takes deposits in 4 countries. And it makes consumer loans. Payword didn't say what it's actually paying, but it's probably very expensive, right? So the big question is, why does a crypto exchange actually want a bank? Because an exchange can't pay you interest on deposits or lend you money. A bank can. Payword says it would give its customers in Europe deposits that can actually pay interest on loans, cards, and euro payments all in one place. Payword's co-CEO said on October 14th it gives customers, quote, one place to hold assets. Move them freely and put them to work. And obviously he's referring to crypto as well. He also told the Financial Times the plan is to let customers borrow against their assets without selling them. More traditional financial tooling merging into crypto, guys. What do you think's gonna happen to the market? Now here's the part that matters for you. Right now, when most holders need cash, they actually sell their crypto. And the moment they sell, they're out. Borrowing against it means you get to get the cash and keep the holding. It's what I currently do on Coinbase, but it's obviously very inconvenient. because Coinbase is not a bank. That's how the wealthy families have always used their stocks and their houses to get rich. They never sell their assets. They just take loans against them. Now these crypto companies are buying the banks to do it with crypto. And Kraken is doing it in America too. On March 4th, its Wyoming bank just got approved for a limited master account at the Federal Reserve, a direct line into the Fed's payment system on May 8th. Payward also asked the OCC for a national trust charter And that one's still pending, but they're getting very aggressive. Coinbase and Ripple have already had conditional approval for the same type of charter. Crypto seeping its hand into the banking system. See, the thing is, Payward's been on a buying run all year. In April, it agreed to buy the crypto exchange Bitnominol for up to $550 million. In May, it agreed to buy Reap Technologies for up to $600 million. And Payward says its banking side has already made more than $2 billion in loans. Your crypto is about to work like an actual traditional bank account. Honestly, the crypto companies are buying the traditional bank accounts. It's becoming the banks, and I hope you guys are paying attention. There's going to be a massive wealth transfer. Honestly, it's been so crazy with this wealth transfer stuff, I just got pissed off, and I give away a full Autonomous Trader free now. I used to charge for it. I give it away 100% free. It buys, it sells, and it does all the research for you because I realize that this wealth transfer is going to be so crazy. I need to get as many people into crypto as I possibly can, help them become profitable as quickly as I can. I give it away for free. The link is in my bio. Go to the link in my bio, click it. I am not joking. The full version— you do not have to upgrade is no upgrade version to it, the full version for free.
