Quontic Bank, a community development financial institution in New York, has made a name for itself as an innovator. It was the first U.S. bank to have a bitcoin rewards card; it pays 1.5% back in bitcoin rewards for every debit card transaction. The bank has other products in the works, including a ring that can make debit card purchases. The $1.4 billion-asset Quontic also has been expanding its mortgage business. It is using a new method of underwriting that allows people in good credit standing but with low incomes to afford a home; 70% of its home loans are made to such customers. In a recent interview, founder and CEO Steven Schnall gave an update on the bank's bitcoin-related activities, its process for turning new ideas into action and its progress in the mortgage business.