Fountain
TLS80: Austin Mitchell on Building Synota & How Lightning Payments Can Disrupt the Energy Industry
The Kevin Rooke Show

TLS80: Austin Mitchell on Building Synota & How Lightning Payments Can Disrupt the Energy Industry

Nov 11 2022 • 1hr 5m

Show Notes

Austin Mitchell is the co-founder and CEO of Synota, a platform providing instant payments for energy generators, distributors, and consumers by leveraging Bitcoin’s Lightning Network.
In our conversation we discussed the complexity of the energy value chain, the risks associated with the cash lags that energy companies are exposed to, and we discussed how Synota’s technology will reduce risks and lower costs across the energy industry.
→ Synota: https://www.synota.io/
Sponsors
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Links
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Timestamps
00:00 - Intro
01:52 - Austin Mitchell Intro
06:24 - Energy Production & Consumption
14:06 - How Distributed is the Energy Industry?
32:14 - How Synota Will Improve the Energy Industry
38:32 - The Addressable Opportunity for Improved Energy Payments
50:16 - Synota’s Business Model
52:26 - Why is Synota Focusing on Bitcoin Miners?
1:02:48 - The Lightning Round
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