When will Sparkasse introduce Bitcoin? 3 questions for Tim Keding

In his professional career, Tim Keding has turned many a project into a blockbuster. As an early investor, Keding jumped on the Web1 bandwagon long before the bubble burst. Recently, however, the German entrepreneur was fascinated by the cryptoverse: Das CryptoStudio and a Web3 fund are just two of the enterprising entrepreneur’s projects – and what actually became of the savings bank’s bitcoin rumours?

BTC-ECHO: Mr. Keding, which development in the crypto sector do you think is currently the most exciting? Which topic will concern us in 2022?

Tim Keding: The crypto sector will continue to onboard new users on a large scale in 2022. I see two developments as the central drivers for this: First, more and more savers are discovering that crypto lending with stablecoins enables interest income without volatility risks – this coincides with record inflation and the implementation of negative interest rates even for small assets. Second, with the advent of the Web3 narrative, a new audience is engaging with the crypto sector that has not previously been exposed to it, or only marginally.

BTC-ECHO: With CryptoStudio you are co-founder of a comparison portal for crypto lending. Do you have a favorite lending provider?

Tim Keding: The CryptoStudio is much more than a comparison platform, but also offers a knowledge portal, interest rate overviews and tools such as the crypto interest calculator in addition to provider comparisons. Unlike many other crypto projects, we are completely independent and do not belong to any dogmatically biased group within the crypto sector. We therefore do not have a favorite lending provider. There is no such thing, because the platforms differ significantly from each other. That was the reason why we created the lending comparison in the first place: we wanted to make our internal research and tips & tricks available to third parties.

BTC-ECHO: Among other things, you are on the advisory board of the Berliner Sparkasse. When does Sparkasse offer a crypto broker?

Tim Keding: The fact that there were fundamental considerations on the crypto topic at the Sparkasse, including controversial ones, was recently reported in the press. As a member of the Advisory Board, I can of course not reveal any internal details. The history of the financial industry shows that the emergence of new technologies is always accompanied by concerns. Examples of this are the use of computer technology or the introduction of credit cards and later the Internet. As crazy as that may sound from today’s perspective, adopting new technologies seems to be an inherent challenge for corporations. In the end, however, the following applies to all companies: If you don’t keep up with the times, you will keep up with the times.

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