Jon Dowling Michael Staw Mike Ring CEO Of Old Glory Bank August 2025

➡ This podcast features Mike Ringer, CEO of Old Glory Bank, and Michael Stah, the Chief Innovation Officer. They discuss the bank’s unique approach to integrating traditional banking with cryptocurrency. The bank is developing a platform that allows customers to manage their traditional and crypto assets in one place, providing privacy, security, and freedom. The platform, set to launch in January, will allow customers to move traditional currency (fiat) on and off the blockchain, offering a new level of control over their finances.
➡ Our company offers a private stablecoin, backed one-for-one by the US dollar, ensuring no slippage in transactions. We also provide a simple process for transferring money onto the blockchain and converting Bitcoin to fiat in real time. We aim to make transactions easy for users, even allowing non-US dollar backed stablecoins to be linked to your account. Our goal is to minimize reliance on third parties and provide a seamless banking experience for all users.
➡ We’ve created a simple, seamless process for converting and transferring cryptocurrency, aiming to make it easy for everyone. We ensure you get the best conversion rates by checking multiple sources and automate the entire process. We also offer a stablecoin service, which is a type of cryptocurrency that remains stable in value, making international transactions quicker, cheaper, and more efficient. This service also allows businesses to create their own stablecoins, simplifying their internal transactions and potentially enhancing their loyalty programs.
➡ The text discusses a new lending platform that allows users to borrow fiat or other cryptocurrencies using their existing crypto assets as collateral. This system allows users to leverage their crypto holdings without having to sell them. The text also mentions the company’s vision of a future where transactions are primarily conducted using stablecoins, bypassing traditional banking systems. The company aims to provide a user-friendly interface, similar to popular platforms like Netflix and Amazon, to make the process easy for users.
➡ The discussion revolves around the support for XRP in the wallet due to high demand, and the measures taken to protect against potential cyber attacks or power grid failures. The company has a complete log of every transaction within their stablecoin, allowing them to reconstruct it if necessary. They also discuss the possibility of backing their stablecoin with other assets like gold, and the flexibility of their system to adapt to market changes. The conversation ends with a discussion on the future of cryptocurrencies and the potential for tokenization of various assets.
➡ In a recent podcast, Michael and Ringer discussed their ongoing projects and hinted at future initiatives related to lending and debit card usage. They also mentioned upcoming announcements related to gold and silver. Ringer revealed plans for the bank for 2026, including new insurance products and life products. They also praised their new board member, Sean Spicer, and encouraged listeners to reach out with any questions or concerns.

Foreign and welcome to this very special podcast. We have a returning guest, Mike Ringer, the CEO of Old Glory bank, of which I am a founding member, proudly and honored to be a part of this great movement, patriotic and financial intertwined, which you know we’re all about here. We also have an additional special guest, Michael Stah, who is the Chief Innovation Officer who’s also known as a Chief Information Officer, CIO Tech Got a fabulous presentation he’s going to do for us on cryptos that is very proprietary to Old Glory and how it’ll give you the ins and outs to take advantage of the financial reset and still protect your sovereignty, privacy and protection as well, which is something I’m wholly interested in, as are you.

So as always, if you’re new to the podcast, please do like subscribe and share as it helps the channel grow and others to gain in the knowledge you’re currently being afforded. Now, as I always do, I’m going to read their bio summarily. So so as you know from Mike Ringer, he is the President CEO of Old Glory bank or one of the co founders and a member of the Board of Directors of Old Glory bank and old Glory Holding Company. He’s a corporate lawyer, an LLM and tax concentration. He has 30 years working directly with small and mid cap companies.

Mr. Ring proudly has served four years in the Air Force and used the GI Bill in order to help pay for his law school. And then from Michael Stah to my far left, as you can see top upper left corner, he is the Chief Innovation Officer, Co Founder of Ol Glory Bank. Michael has over three decades of creating and implementing technology based Forward thinking. In 1998 he started and ran Real Time Gaming, an online software company pioneering with over 50 licenses and hundreds of thousands of numerous simultaneous users. In 2002 he created a closed loop wallet for online payment processing and was an early leader in payment processing, data analytics, security and consumer protection and privacy.

He’s also founded by, excuse me, Big Cactus, which was one of the first and then largest of the penny auction sites. He was also the founder of Scaled Theory, which is a software development, data security and consulting company that has done projects for state lotteries, healthcare companies as well as medical device manufacturers and has performed security audits for Fortune 500 companies. Additionally, he is the author of three technology patents and heads up the innovation team of Old Glory bank and creating Old Glory Bank’s leading edge financial technology platforms. Michael and Michael, welcome to the podcast. How are you both today? Great, thanks for having us.

And Michael, I Forgot what a smart, studly guy you are. I haven’t read that in a while. Happens to be all true. Absolutely. So, Ringer, I’m going to let you kind of start the process and do what you need to do and I’ll just be in the background. We’ll go from there. Great. So, folks, really, really happy to show you something today that you may have not seen. So as humbly I would submit to you, we have the best online banking solution in America, bar none, partly because of Michael Stahl. We have always said that you’ve got to have privacy, security and liberty when you bank.

And I’ve always stood between the customer, the government, the regulators, and I’m not backing down. And many of you probably saw me in front of the Senate talk exactly about that, that I stand between the regulators, the government and our customers. And one of the things that we have really been focused on working behind the scenes, you know, we’ve got a great consumer product, we’ve got a great business product. Open an account, consumer account in eight minutes, open a business account in a couple hours. Every product and feature of the big banks. But we actually love our customers, believe in freedom, believe in, in protecting your, your privacy.

But we have been skunk working and Michael Stahl is one of the first times he’s been outside the basement. We normally keep in the basement with building the next generation of banking which you are going to see here today. Normally when we talk about Old Glory bank, I don’t say, hey, let me show you a demo because you can open an account in eight minutes and actually secret shop us, actually use our product. But you can’t use this, you can’t secret shop this because it’s not coming, it’s not coming out until next January. But we are going to show you and we are so proud.

What you’re going to see today is Michael’s going to demonstrate how we believe we are the leading bank to unite crypto with Fiat. And you’re, you know, there could be some different views on, on Fiat, but we are talking today about US Dollars and we are going to move current, we are going to use, move Fiat on and off the blockchain. Everything you see here is real today. The only thing that’s not real is it’s not yet hooked up to our core, which is the guts of the bank. And it’s operating in a sandbox because we don’t want any security challenges or mistakes while we build this out.

But everything else, the front end, but the customer will start seeing as early as January, going on and off. The blockchain is real. And with that, Michael Stahl has been my friend for 30 years. He was the third person to hear about Old Glory Bank. Eric Goldhausen, who you’ve had on John, came up with the idea. He called me first. I said, oh, that’s interesting. I’m not going to do anything until I talked to Michael Stahl. Called Michael Stahl, he has a big brain working for about a week. Came back to me and said, okay, we can do it, but this is how we’re going to get it done.

And he’s been a part of everything. And while I like to brag on him how he’s super smart, but I’m just telling you he’s not, apparently he’s not smart enough to get into my alma mater because he couldn’t get into you. You did not go to University Akron, did you? You did not get into University Akron. There you go. He had to go to Princeton and back when Princeton was a real school and it was not woke and he was part of one of the first computer science programs. He then went off and worked at Microsoft and just a super smart guy and I love him like a brother.

Our family’s vacation together. I’ve gone to his bar mitzvahs, he’s been to our baptisms, and he is a great patriot and a proud believer in the Constitution. So Michael, unless John wants to say something, let’s to share your screen and show the world the next generation of banking and uniting crypto digital payments. And why do we want to do this, folks? You want to control your destiny. You want to fly over the top of the Federal Reserve. You want to cut out NACHA and not send ACHs. You want to control your transmission and your remittances and that’s what you can do with crypto.

Great. Well, that was a hell of an intro. I want to show you today the, the integration of crypto and banking. And traditionally crypto and banking are two things that really stand separate from one another. There are a lot of great crypto companies, there are a lot of great banks, and I think that we’re top among them. But to date, nobody has really put these ideas together in a way that makes sense for people to use it. And it’s easy, easy, easy for people to get money on and off the blockchain and monitor their assets and have one centralized point of banking.

So this is a preview of our vision of crypto banking. And as Ringer said, all of this is live when looked at from the blockchain perspective, there’s no, no vaporware in here. Every, everything that you see, all the transactions are actually written out to the blockchain. All the conversions are real smart contracts are in place. So let me go ahead and give you a little demo. So just like in regular banking, you can see your checking and savings accounts live, but in crypto banking, of course, you can see current assets like current crypto prices. But what makes it work and what makes the integration real is that you can link your crypto wallet directly into the bank.

So along with your banking activity, you can see your crypto assets. Right over here, you can see how much of our private stablecoin you have, how much of. In this case, I have wrapped Bitcoin in this account, Solana usdt. All of your assets all in one place that are easily viewable and you can operate on those, those accounts right here integrated with your bank. The cornerstone, by the way. Michael, let me just interrupt you. There’s. If all we did was that, we’d be better than 99.999% of the banks on the planet because we actually have a consolidated dashboard where you can see your self custodial wallet.

And I don’t think any other bank has really figured this out yet, so that would be nice, but that’s. We integrate both self custodial and centrally custodial wallets. But go ahead. The cornerstone of our offering is that we have our own private stablecoin. Now, in order to have a private stablecoin, in light of the new genius law, only a bank can offer a stablecoin or an authorized bank representative, and that stablecoin has to be backed one for one with US dollar. So we’ve implemented our own stablecoin and it is of course backed by assets that are in our own institution.

So we can, we can offer this guarantee when you have stablecoin with us. When you use our stablecoin, every single dollar that you have is backed one for one by dollar in our institution. And what that means in practice is that if you want to unramp your money into OGB USD stablecoin, we guarantee that there’s no slippage in your transaction. Every single dollar that you put in gets matched onetoone for a stablecoin. And more importantly, on the way out, when you redeem your coin, again, we guarantee there is no slippage. Every single coin you mint, you, you burn comes out one for one for a dollar.

Unlike when you redeem coins at an exchange or when you Trade, train, trade stable coins at an exchange. So let me show you how you do a second on that Michael, because I know a lot of folks watching aren’t big fans of the US dollar. And you could say, well why won’t you back at one to one to let’s say a foreign currency? And let me tell you why, at least for now in the US you will not be allowed to do a stablecoin unless it is actually backed against the US dollar. So if you wanted to do a digital currency that was not backed by the US dollar, then I think we do eth, you would do bitcoin or you would do a different non US based stablecoin.

And just so folks know we have to, if we want to be in business in America, you have to back a stablecoin US dollar for dollar, right? But what we can do for people who are interested in non US dollar backed stablecoins is there are a number of them that are out there backed against various assets. We can link them directly to your old glory account just by performing a wallet link and then you can view your assets right there. So just because you believe that there may be an alternative to the dollar that better suits you, doesn’t mean that you can’t view it together with your bank.

We are agnostic to it. We you the access to, to your wallet and your assets, regardless of what you think, what you believe. And this is the cornerstone of privacy, security and liberty. We bank with you where you are and what you believe in. So liberty, baby liberty. Let me show you how you get money onto the blockchain. And this is something that causes people a lot of pain. First of all, it’s difficult and there’s a learning curve into getting money onto the blockchain. You have to set up your wallet, of course, and everyone has to do that.

We’ll make that easier. But you have to have a wallet, you have to link that wallet. And then in order to get money onto the chain, people typically have to link their bank account, send a wire transfer, send an ach, or send or use a credit card. And with a credit card, often you have to pay 5, 6, 7 dollars of fees or a percentage fee. And then your, your transaction may also suffer a bid ask spread. It’s a very horribly efficient, inefficient process and I want to show you the way it should be done. So right Now I have $14,000 in my checking account and let’s say I want to bring some money onto the chain.

All I do is go buy select my account, say I want 5000 OGB USD coins. And now we’re going out to the blockchain, we’re minting those coins. We’re taking the money from your account or my account in this case. We are moving it to our storage account, to our backing store account where we keep a OneToOne mapping of stablecoins dollars so it’s protected and segregated and that’s how we maintain that one to one peg and our guarantee that there’s no slippage on redemption. And we put those stable coins in your account and you can see that my balance has been reduced and in a moment when the blockchain updates and this is all live.

So we’re at the, we’re at the mercy of the blockchain sometimes still better than the Federal Reserve, my brother. That is true, absolutely. Michael Sty, I did have a question while we’re waiting just to fill some time. I’ve noticed how quick it was to upload the initial, initial monies as we’re waiting on the other end. Does that mean from what you can see from behind the curtain if you will, that the ISO 20022 QFS system is in place for you to do this? So this, this is actually done all privately so we’re not relying on, on any other standards.

What we’re doing is using our own private interface to our own core banking system. We move the funds into our own private backing account and then we perform a transaction directly on the blockchain to reconcile that transaction between your user balance of OGB tokens and the backing store account. So it’s always at one to one. So we’re not reliant and this is very important to the way we operate. We try to minimize, in everything we do our reliance on third parties on the Federal Reserve on everything we can to try and provide the minimum interference between you and your goal.

And this is no exception. So the blockchain did finally update and now you can see that I have more OGB dollars in my, in, in my wallet my balance has been reduced and you can see in my recent activity I have the $5,000 that’s been transferred onto the blockchain and that’s all well and good, but a lot of people might say sure, it’s easy to get money on and off the chain and that’s a private stablecoin. Of course I can get money off the chain just by selling. But what if I have other assets that I want to bring to the bank? Say I’ve accumulated some Bitcoin.

And one complaint that I hear over and over from people is that I have some Bitcoin, I’ve made some money on it and now I want to bring it to my bank. As soon as I do a five figure, six figure, in some cases seven figure transfers, banks get all nervous and they start looking into accounts asking for additional information. Not that we don’t ask for kyc, of course we do. But many banks are afraid of these transactions and have actively debanked people who do this. Well, we are in this business and we want your crypto assets and exchanges.

But we thought, why don’t we make this easy like everything else? Everything’s got to be super easy for the user. And that’s why we introduced the concept of the OGB Lightning off ramp. So let’s say I have some, some Bitcoin and in this wallet I have some, I have some wrapped Bitcoin and I’m going to take this bitcoin and I’m going to send it to the OGB Lightning off ramp. I’ll send one Bitcoin there and that’s it. I don’t know if you can see the, the Metamask wallet here. Were you able to see that? Yes. Okay.

Sometimes on, on broadcast it doesn’t show good. So now what’s happening is that Bitcoin has been sent to the OGB Lightning off ramp address where it’s being decoded by a process that runs 24 7. That process watches the inbound transactions. It knows where the transaction is coming from. It knows who the transaction is going to because we have an active list that marries wallet addresses to our user base. And we perform that conversion of Bitcoin to fiat in real time based on current market prices. And we go to the market, we look for the best fill price.

We, we take efforts to minimize the bid ask, spread and we take the proceeds of that transaction and drop it directly into your checking account. And in a few moments when the blockchain updates, you’re going to see that balance appear in, in the Freedom Checking account. Michael, just for those folks who aren’t crypto bros. Because I was not. Still not. This is why I love this, because I want to be able to do transactions easily. Just tell people what if you, how, if, if we didn’t exist, if this wasn’t here, how you would have actually, let’s say John just wanted to get rid of some Bitcoin and put it into US dollars, then get it into his bank account.

As a founding member of Old Glory, Bank. How would he do it today? So traditionally what you need to do is you need to go to an exchange or go to one of the major crypto players like Coinbase or others. You need to take your Bitcoin and you need to sell it and then that’s a whole process. Then after you sell it, you need to convert it into US dollars, Then you need to link your bank account and you need to send it out through that link to your bank account as a traditional wire transfer. So you’ve now done two or three transactions.

You’ve got multiple screens open. You’ve got to trust Coinbase. Not that we don’t trust Coinbase, but you’ve got to trust them to not to have an account takeover because then they would access your bank account. We’ve basically taken all of those components and put it into one and made it seamless. Our goal is to make crypto simple for middle America. Right. And really the only challenge would become, and we’ve talked about this, Michael, is on large volume days, are we getting the best spot price for conversion? And I think your big brain has thought through that if you want to spend a second on it.

Yeah. So what we do is we do a couple things. We look at the, the Oracle pricing for, for say Bitcoin, but we also look at the, the Uniswap protocols to find out what the current available offers are on the, on the various exchanges. And we also go out to exchanges like Kraken, Coinbase and several others. And we route your transaction to the best fill so that in real time we can get the, the best price and fill the, the transaction where, where no human could possibly do that. We’re automating everything for you. We’re kind of like a whole hotels.com for Bitcoin.

Get you the best price. We want to make this easy instead of having you go through all those places, find the best price, making sure you’re getting a good fill, and also knowing a lot about transferring to the right coins because it’s so easy to purchase the wrong coin. If you go to a distributed exchange and you are trying to buy or sell Trump coin, well, there are so many copycats of the Trump meme coin, you could easily pick the wrong contract, send your money into it, into the hands of a scammer. But by doing it through our interface where we have vetted the transactions, we can easily make sure that you send it to the proper contract address.

So we take a lot of that from behind the scenes and make it easy for you Beautiful. So now you’ve got some stablecoin. What good is the US Stablecoin? Well, stablecoin is great because there are all sorts of things you can do with it. First of all, if you have a say, you’re a business and you transact with foreign companies and traditionally you send them a wire, you send them an ACH or however it is you traditionally act with them, it’s tough. First of all, you can only act during your banking hours. Your banking hours might not align with the foreign banks, with the foreign companies banking hours and time in transit.

Now, on the blockchain, if you send a transaction, it’s known immediately to the recipient that the transaction has arrived. So in the matter of a couple of seconds, the money arrives there, they can have verification. And if you’re waiting on your vendor to release a product, you don’t have to wait for banking hours. And it can all be done very, very cheaply. Now, another example is, say you have foreign remittances. You want to send money to people in a foreign country. The foreign remittance business is a very expensive one. I think it’s needlessly expensive. You have high fees and costs, sometimes both the sender and the recipient, and it happens too slowly.

Doing it with a stablecoin is just so much easier because first of all, you have control yourself. You don’t have to go to any money broker, you don’t have to do anything during banking hours. All you have to do is go to your wallet, send it to your recipient, and they have it instantly. And then for them to convert it into their local fiat, they can do it through local exchanges. And however it is, they usually get fiat. But the whole process is very cheap and easy, usually taking place in a couple of seconds and a matter of sometimes less than a couple pennies.

Yeah. So let’s say that supplier in Italy got a million dollars of US OGB USD, our stablecoin. They could do many things with it. They could buy something from the US with it. They could buy something because our, it’s freely tradable as our stablecoin. But let’s say, you know what, I want to take my, I want to take this money and take my wife on a vacation. They can go down to their local bank, it’s on the ERC 20, change it to a local coin, and then get their local fiat. That’s right. And we’re compatible with all of the exchanges because our, our token is a modified version of an ERC20.

And every major exchange supports ERC20. So we work right out of the box with every major exchange, without their permission, without their knowledge and without interfacing to them. Anyone who’s ever sent a wire for business or sent something overseas, it’s normally 12 calls and that person is like I don’t see it, where’s the wire? You got to call your bank, they got to find it, they got to post it. All that goes away when you send something on stablecoin because the entire world knows it’s not a lie. Now the entire world can’t tell who’s sending what money.

But that, but it is available to the world on the blockchain that that money was really sent. So it is real. Great. So let’s talk a little bit more about stablecoins. Since it’s useful, we know it’s useful for us to have a stablecoin. There are so many things that we can do with it. We realized that there are other companies, other entities that also need to have stable coins. And after the genius act it’s not possible for most companies to create a stablecoin on their own. And any company who has a loyalty program or who has an internal economy, any, a variety of transactions that they would be better served by handling with a local stablecoin well, they just don’t have any way to do it.

And we thought well we’ve already done all the work. We have the infrastructure, we have the compliance technology, we have the means to segregate accounts, maintain the one to one peg. Why don’t we just make our services available? And we came up with the idea of offering a stablecoin as a service so a company and I’m logged in now as a corporate user in this demo. So I have this private stablecoins panel available to me now if I wanted to create a, a stablecoin for the use of my company that I can freely distribute among my company, among my, my members, my employees, my, my customers.

All I have to do is create a stable coin. Let’s create a, a new USD coin. New coin and that is it. Behind the scenes what we’re doing is we’re creating the contract for the stablecoin, we’re implementing it to the blockchain, we’re seeding the initial values, we’re creating all the rules and governance, we’re creating the local accounts internally. And you can see that now I have a new coin in my managed stablecoins and of course it has zero balance in it. But the reason it has zero balance is we can’t Create tokens out of nothing. These tokens are backed at one to one for real dollars.

So if I want to actually create tokens that I can trade, all I have to do is mint them. And if I mint the tokens, they’ll come out of my checking account. Let’s see, now I’ll mint, say, 5,000 tokens. And now we’re going out and minting those tokens and performing all the internal transfers to make that work. And in a moment you’ll see those tokens will appear in my account. And now we have the balance, new balance of 5,000 tokens. And if I want to see those on the blockchain, let’s take this new token and add it to my.

And here you can see the checking account balances has been reduced by $5,000. I can take my token and add it to my MetaMask account. And now you can see, here’s the new token that’s read directly from the account. And you can see that this is a real transaction on the real blockchain. Now, one more little thing that I can show you is that of course, since we’re managing that coin, it appears here in our stablecoin Manager behind the scenes. And this is, this is our private view. We have a management system that manages the current value of all the stable coins that are under our control.

We know the current supply, we know where they’re trading, we know who has them. Well, we know the wallet addresses that have them. And we can do things like halt the trading or resume the trading and otherwise manage all the functions of the stablecoin. And that includes all sorts of regulatory reporting. Yeah, that screen was what we see as the bank operator, as the platform operator. That’s not what the consumer sees. And so we can keep track of our Stable Coin, plus our Stable Coin as a service that we do for partners. Exactly. All right, well, that’s pretty good stuff.

Now, let’s say I got a bunch of stablecoin or a bunch of crypto. Burn a hole in my pocket. I need to get some liquidity. Any ideas there? We do. So we have a system that’s in progress right now where we’re building a lending platform where you can, you can pledge your assets and borrow fiat or other crypto against those assets. So let’s say you’re, you’re holding some Bitcoin and, and you’ve done quite well, but you want to realize, you want to be able to use some of the value from that Bitcoin, but you’re not Ready to sell because you still believe in it.

Well, in that case, you’ll go to your coin and we will have a pledge collateral in this menu. And when you pledge your collateral as a loan, then you appear in this menu for our fraud and risk to approve. Once you approve credit committee, our credit committee to approve that loan. And then we maintain the loan to value ratio, we maintain all of the assets and we can use that collateral that we hold for you against your loan. Now the beauty of it is when we hold collateral for you, that it still appears in your wallet because when we hold your collateral, it shouldn’t appear missing to you.

When you live in your house and you’ve pledged your deed to your mortgage company, you still have your house. So even though you can’t spend pledged collateral, you can still see it embedded in your account and available as part of your net worth. What’s crazy about that Michael, is you could lever your bitcoin and buy eth and you’ve basically increased your holdings without having to sell any bitcoin. That’s right. You haven’t necessarily increased your net worth. I mean you better bet the right direction, it better go up. But it gives you the opportunity to take advantage of the progress that you’ve made.

Yep. Which is why we look at the loan, the value very carefully because we’ve got to make sure it doesn’t have a crash and then everyone gets stuck under, under collateralized. So what else are we missing here? So we’ve, we envision a world where, listen, no one beats on the Federal Reserve more than Mike Ring. No one beats on, you know, the printing of money. And, and John, I think seeing I’ve done a great podcast on the Federal Reserve beating on them. We, we, we are a law and order bank. We bank law abiding customers. But we firmly believe that the Federal Reserve and other organizations should not know how you lawfully spend your money.

So we are very, we are very bullish on a world where everyone is paying everyone in stablecoin. Get outside the rails of the Federal Reserve. Don’t send checks, don’t send ach, don’t send wires, don’t even give cash, do stable coins. And we think that is the, that is the future. We think we’re going to lead and we hope that if you’re not banking with us today to get ready for this open account. I think John can say we do pretty good job as, as a, as a bank and ask us some questions if you got anything, John.

But Michael did such a good job I’m not sure if I have any. Well, don’t worry, I have a few to compliment you. Ringer. We’re good. Michael Stott. Thank you. Great presentation. I know there’s a lot more in there than people. It was. You made it deceptively simple and it’s not. But you brought it down. That, that is the biggest compliment. When people look at something and say, oh, that’s easy. That is the biggest compliment because that’s our goal. We, we don’t want to impress you with how much work we did. We just want to impress you with how easy it was for you to do the job.

Yeah. One of the things we, we. I’m sorry, John. One of the things I, when I talked to Michael and, and kind of preached to the team. Our competition for user interface is not another bank. It’s not Coinbase, it’s not an exchange, it’s Netflix, it’s Amazon. Think what you can say what you want about those companies, but they know how to do a customer experience. And that’s what we try to mimic those great customer experiences without the actual woke overreach that they do. How perfect is that? We take the best of the best and drop the worst.

Glory Bank. Just psl, Privacy, Security, Liberty. Exactly, brother. Well, I’ll start simple. Michael Stah. And we’ll build from there. So, a rudimentary question because I’m sure it’s on the top of mind for some people. As you can ascertain, is there a minimum buy in or is one coin sufficient? If they just have one coin in crypto right now, Anything you want. So we don’t, we don’t really care. You want to buy 50 cents of, of coin, no problem. I figured that people should hear that because we want to keep engaged. If it turns out to be 50 cents, that’s fine.

But the more that we satisfy your needs, big or small, the more we know that you’ll come back and use us for those things that are more meaningful. Well, absolutely. I mean, the point is everybody’s in a different financial position. Not everybody has, you know, thousands of dollars to spend on coins right now, but they want to get in. So if there’s no minimum, that is a great on ramp for people to get involved. So I appreciate that. So, Michael, style. There’s been a lot of talk about cryptos, how to buy, sell leverage for investing as well as integrating in everyday use in life.

You’ve touched on that. Now maybe I missed it on the last podcast that you guys did, which became the impetus for today to bring you. But I didn’t recall you mentioned anything about Ripple xrp, Stellar Lumens XLM or xtc. This, of course, as you know, comprises the overall initial backbone of the new ISO 2022 blockchain in gold, silver and copper. Does Old Glory offer these cryptos currently within your infrastructure and if not, do you plan on implementing them? Oh, that’s a great question. So on phase one, on release day, we will support all of the EVM chains.

That includes Ethereum and Polygon and several others. And we are expanding as we go to include more and more chains. So one thing that I didn’t touch on is that in your wallet here, we don’t keep the keys to any of your wallet assets. We don’t want your keys. This is the basis of privacy, security and liberty. We act on a permission basis where you give us permission to trade. In certain cases, we will ask you for permission to grant an allowance for a trade if you’re doing a coin for coin trademark. But we don’t keep or want your keys.

And what that does is it allows us to be compatible with many, many different chains. Because any chain where we have the API to, of course, and we know how to operate with all of them, we can provide the interface to manage and view those assets. So the answer is yes. Not yes on day one for all of those chains, but yes in general. So that’s coming, basically. That is coming and that operates on all the same framework that we have. Great, thank you, Michael. So, as I see it, because I’ve had a few years of this with crypto and some of my team has, the way I’m looking at it, maybe it’s not the correct way, but the way I’m seeing it from a purview Michael style is you’re giving customers essentially the ability to crypto the online swing trade.

Is that a fair way to look at it? Yeah, it is and I haven’t really looked at it quite that way. But yes, the idea is that it is very easy to move your assets around. And if we can reduce the friction and you moving your assets around, that’s just one of the ways you can use it. You can use it for, you know, you, you have a transaction with your spouse or kids. It doesn’t matter what it is. If it’s easy to use, find more and more ways to use it. And that’s what we’re after.

We just want activity and we want to, to meet people where they are and figure out new and exciting ways to Use the system. Yeah, I mean, the way I see it, what you’re really providing is scalability and interoperability as well. You’re expanding with the mind share, which is, which is important and brilliant at the same time. So this is a side point, Michael Stoddard, to my next question segue. It’s important to note, as you know, I’m sure you’re aware that the Stellar Lumens blockchain is yet to be hacked. So in essence, the Ripple, XRP and Stellar Lumens could be merged together, which I think provides a lot of promise in the, the need of privacy, security and liberty that you’re already providing.

So for sure. So we will, we will have interoperability with it. Whether we have a stablecoin there or not, I can’t say yet. But we will definitely support XRP in the wallet, that’s for sure. We’ve had, we’ve had numerous people ask for it and, and we can’t ignore the demand for it. Yeah, I’m, I’m a big XRP and XLM holder since my team, so I’m really glad to hear you say that. Thank you for that. So the next question, Michael Stott, is there’s been a lot of discussion concerning cryptos within the infrastructure for business use. But what about in terms of protection? What if there was an EMP or a cyber attack or the power grids within America throughout the world for that matter, were to go down? What steps is Old Glory taken to mitigate this issue? The cryptos be housed within an online portal, migrated into people’s wallets for safekeeping to give them control.

That’s a, that is a terrific question. I have not heard, I’ve given this demo several times now. I have not heard that one yet. So let me, let me talk about things that are in control, in our control, and things that are not in our control. First of all, as I look at the, as you look at the wallets, these wallets are reflections of your wallet. And we don’t have the keys or, or, or authority to trade on those behalfs. So if there’s some sort of attack that, that causes damage to the blockchain in an asset that we don’t control, we’re not involved with that.

So I wish there’s something I could do. I think everybody wishes there’s something that they could do, but there isn’t. However, where there is something we can do, we have a complete log of every transaction that happens within our stablecoin. So if ours, if our stablecoin went down. I shouldn’t say that if the blockchain housing our stablecoin went down, we could reconstruct it from logs. Because the same process that’s monitoring this lightning off ramp is also recording every single transaction in secondary storage for everything that goes on involving the OGB USD coin. So if something were to happen, it would have to happen in multiple places in order for it to affect us.

We can reconstruct it by either using emitted events from the blockchain, or we can reconstruct it based on a graph that we build internally of all the transactions involving it. So we’re pretty well covered in terms of disaster recovery. I figured as much. And you probably have multiple servers for redundancy as well. It’s just. It just provides the. The case wringer for you from a marketing perspective and for myself as a founding member amongst the many private security security delivery. It’s another extension offshoot of that for the audience to know that you’ve taken steps. Of course, Michael Style, you can’t control every aspect, but the point here is to mitigate it and get ahead of it.

And I’m really glad to see that you’re doing that accordingly. So thank you. Thank you. I’m gonna work that into my presentation. John, this was the best question we’ve had yet. And you’re right. Yeah, yeah. I’m thinking about. I’m surprised that nobody has brought that up earlier. Yeah, I am too. It almost makes the Stable Coin, our Stable Coin safer because we’re keeping our logs in multiple places where if the blockchain on Bitcoin and your own self control. I don’t want to rain on your parade, but there are others who, who do similar defensive. Okay. To be intellectually honest, you know, it is a distributed system.

You should still have. You should still have Old Glory Bank Stable Coin though, is what you’re saying. All right. That’s for sure. That’s for sure. We take measures. Other people also take measures. We can be good while other people are still good. Okay, I appreciate Michael Style, you said that though, because that’s one of the things that I really task my audience with is us being open and transparent and honest. That’s how you build and maintain integrity. So really appreciate you being about that. So, Michael Style, you mentioned on again, from what I interpret. If I misinterpret it, please let me know.

But you mentioned on your. On, on this and on your previous podcast where I saw you guys on your channel, that all the cryptos on the site are backed one to one against the dollar. Ringer, you mentioned that. So I want to show you guys. Can I share the screen with you real quick? Is that okay or. Yeah. Yep. Nope, go ahead. Perfect. Because this will accompany my question. That’s why I’m asking. So let me know when you guys can see this, this video. Double jeopardy. Yeah, yeah, exactly right. Daily double. Should we return to a gold standard, which looks highly likely.

Then does this ensure that the cryptos will also be backed by precious metals on your system? The hedge against hyperinflation and a dead Federal Reserve dollar as we merge from the old to the new system. Because as you guys can see in two days, this is what’s anticipated to happen. Okay, so that’s a big question. First of all, our stablecoin is tied to the US dollar as the US dollar is. But if the US dollar were to change definitions, then that would require us to change definitions also. So we will back in a stable form whatever it is that people are trading.

Not only that, there are other things that can be backed in stable form besides US dollar. We can back gold. We can back other things. There’s no regulatory framework to govern how we would back gold and other things right now. But the fact that we have a framework that allows arbitrary wallet connections and an arbitrary number of tokens and arbitrary token types means that we have a framework that’s ready to do whatever it is that the market pulls us in. So we will lead in some areas, we’ll follow in other areas, but we are ready to go because it’s a very flexible architecture.

Well, that’s important you say that because that goes back to pliability and scalability because whether you’re a younger, more seasoned person or in the middle, you want stable stability and security. And nothing would give that more than hard assets. And, and while I don’t have a position on those assets, I will support what is necessary. That’s, that’s the key again is flexibility. So thank you. I also want to show you Michael stoss something and YouTube ringer. I don’t know. I guess now you’re getting into cryptos. Obviously this is pretty fundamentally important. Gentlemen, I wanted to show you this really quick.

This came up as of last week with respect to xrp. As you know, Michael Stau, there was a five year case going on between Ripple and the sec, because we know the SEC was corrupt and they were trying to use false information. That Ripple was a security, when in fact we all know it was a currency. And this came up last week. Where Judge Taurus, the presiding judge in New York, actually ruled to dismiss it with prejudice, meaning that it can never be appealed again. So it’s really good that you are supporting xrp, because where this coin is headed is going to have a lot of promise.

I just thought that was. No, there’s, there’s been a lot of movement in that space. There are several other coins. I think the Ethereum is going through the same thing right now. Bitcoin was not too long ago ruled as a. As a currency and not a security. And I think one by one, as the trading continues, that trend is going to continue. So I, I think it’s. I think we’re in a good place. Where it’s going to get interesting is in tokenization. When people start tokenizing all sorts of assets and the question of whether each particular asset, once tokenized, is a commodity or is a.

A coin. Currency. A currency is going to be out there for a while, but at least the majors seem to be falling in line. Well, again, Michael, with the ability to be pliable and scalable is really going to benefit you. And more importantly or equally importantly, the customers like myself and many others. You talked about Metamask. Then you look at Shiba, Shiba Inu, Sheila Inu. They’re going to create the Shibarium, that’s going to create the Shiba verse, that’s going to get away from Ethereum. Because right now I have to use Ethereum. Gas fees become expensive. So that brings its own sort of autonomy.

Right. And if you’re able to scale to that, you’re going to be giving not only yourself, but more importantly the customers a great service in doing that. So that’s where we’re going. Although I wouldn’t necessarily say the word scale, scale implies that we’re going to be stronger and faster and be able to handle more transactions at once. I think what you’re talking about more is breadth, that we’re going to be able to do more things on the current architecture. Yeah, you’re right. No, thank you for correcting me. Breadth and depth is what I was talking about.

Versatility, essentially. So thank you for, for confirming or correcting that. By the way, that last, that last conversation was over my head, so I’m sorry, I have nothing to comment on. You two are really nerding out really well. Yeah, yeah, we’re done. Join the geek squad here. Michael, style you mentioned. So if you can’t answer this, I understand, but I have to at least do my job and ask the audience. My. Ask A question for my audience sake. You mentioned, I believe on last week’s podcast that you did for the channel that you had a number of initiatives that you were working on in addition to Now, I understand again, that there’s a level of privacy and discretion that needs to be used with respect to proprietary information that you’re overseeing in your auspices.

But is there any hint or any information that you can share with our respective audience today in terms of things that you might be getting to roll out in the coming weeks, months ahead? Yeah, I’ve got to be careful about that. But sure. I would tell you, I would tell you to keep an eye on things related to lending, about creative ways for lending, keep an eye on ways of using your debit card. These are things that are very important to us. And we’ll have some announcements when their time is right. Fair enough. Go ahead, Ringer.

What’d you want to say? I was going to make sure we were aligned on what he said we were. Cover your legal basis. I, I totally understand. I may have gone on a limb. Should have, should have consulted. It was perfect. Yeah. Yeah. And listen, one thing I can tell you, John, in your audience, Michael loves gold. And hint, there is more coming in gold. And then people realize. And silver. And silver. Absolutely. There is some interesting stuff that we don’t want to talk about yet for a couple reasons. But this is we, we are innovators.

He’s Chief Innovation Officer for a reason. Indubitably. And that’s why I showed the slide with President Trump and Nixon, because I kind of had a feeling that’s where it was going. So this question is for you, Ringer. I know you mentioned that you have a lot of plans for the bank for 2026 and our first podcast that we did many moons ago. Does this include the items that I mentioned to Michael Stah as well? And also, do you have any, if you can share any new and exciting board members or leaders of notable influence that you can share that are you plan on having come on board to add to the already impressive cachet for all glory.

Thank you, John. So when we talked last time, I knew this was coming. I just didn’t want to talk about it until we have the genius act. Because what I never wanted to happen is to get out in front on something, show all the cool things we can do, and then the genius act, make a change, even if it was affected two, three years from now, that made everything irrelevant. And so we’ve been holding this and that’s why on July 18th the Genius act passed and we have been talking about this since, and it hasn’t even been a month yet, so this was teed up.

But we, we absolutely have old glory wealth. I’m saying it right here. We absolutely have old glory wealth coming. I think I might have only said that on your podcast last time in 2026. And with there will be insurance products, life products. You’re the only place I ever talk about it because your audience is, is. Is, you know, is, I think, appropriate for this. And, and so that’s probably the, the two big things if you haven’t seen on the board yet, hopefully. Because I think the last time we talked, Sean Spicer had not joined our board and the folks have not seen our website late lately.

He is such a smart, great guy. And a little shout out to him. He just made, you know, he’s in the Navy. He just made captain, which is 06, which is a massive accomplishment. You know, he’s one rank away from being in an admiral now, and just a wonderful man. Everything, you know, you see in his passion and his intelligence, you know, when he was at the White House exists in real time. He’s got a great podcast, a daily show himself, so check it out. And we are really proud to have him on. Yeah, I do remember he was just coming on board when we talked, so I thought that was important.

That’s why I wanted to readdress this issue, because it’d been a while and I thought maybe like you said, this act happening might be a better time to ask. But thank you. No, thank you. I think that from my end satisfies anything. So, gentlemen, thank you for your time and professionalism as always. And I also want to give an acknowledgment to the operations side, Angie and Jennifer, they were very instrumental in onboarding me. So if you folks have multiple accounts that you’re setting up or you want to, I don’t know, you have extraneous circumstances where you need a specific touch beyond the already good customer service.

Frontline. They’re terrific and they’ve helped me every single time. So I want to acknowledge them as we close out the podcast. We will, of course, leave, by the way. John, I’m sorry, but. And also remember, I always give my email. You can get to Mike Ranging, Old Glory Bank. It’s Mike Ring and Old Glory Bank. And as you know, because you email me, I do my own email. And so any. And last time I was on the show, some of your great customers reached out to me. And so you can Always. Now Michael, it’s kind of a little bit more nerdy.

He doesn’t want his email to get out there. But if you have a question for Michael, send it to me and I will get it to him. But mine is, my real email is mikeranglorybank.com now. You definitely don’t have an entourage. You’re very hand, which we, which we appreciate direct. In fact, you got more of an entourage than I do. Like I do a little podcast, I edit and do everything myself. You got a team. Yeah, I have a great team. I, I’m always very open with my audience. I, I, this is not a one man band by any means and I’m, I’m grateful for that.

So we’ll leave the links for Old Glory in the description. Gentlemen, any final words that you have for the audience today, Check out Old Glory Bank. Thank you for supporting John’s show. John, you are still the best looking podcaster out there and I, and I know how passionate you are about, about the issues. I know how you are always discovering new things and telling your, your audience, you know, you’re giving both sides of every issue and I, I appreciate what you do. I’m, I am a fan. Thank you, I appreciate that. And Michael Stott, thank you for your knowledge and professionalism.

I think it’s going to go a long way. Just show what we’ve been working on. It’s an honor to be with you. Yeah, likewise. I appreciate it. So gentlemen, thank you so much for your time. God bless you. Have a wonderful rest of your day and hopefully we’ll have you back in the not too distant future. Thank you. Take care, guys.
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