PAYPAL MAKES A HUGE CRYPTO UPDATE YOU NEED TO KNOW ABOUT!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please at that subscribe button as
well as the thumbs up button and leave a comment.
Blow If you're listening on a podcast platform such as
Spotify or Apple, please leave a five star rating and review. Folks,
we have some very big news being reported here by

(00:26):
Michael Saylor. So apparently Michael Saylor and multiple crypto executives
are going to meet with the US lawmakers tomorrow to
advance the strategic Bitcoin reserve build. This is really great
because we know Trumps signed an executive order to establish
a strategic bitcoin reserve with the bitcoin they have confiscated

(00:46):
over the years. But there was also the part of
looking into how to fund the ability to buy bitcoin.
So let's see what comes out of this. This could
be really big and if the United States is able
to buy bitcoin, needless to say, that would be very
bullish and huge for the market and could really kick

(01:07):
off a massive FOMO around bitcoin and other crypto assets
because we've seen other countries follow the United States lead
and it seems like the direction we're heading in is
that bitcoin will sit alongside gold and other assets as
a reserve via different central banks. So it will happen
in time. But let's see if they come up with

(01:28):
anything interesting here, and this could be a huge narrative
for the bull market. All right, Moving ahead, PayPal is
introducing a new peer to peer payment system. Here's a quote.
Crypto will soon be directly integrated into PayPal's new P
to P payment flow in the app. This is huge.
We continue to see payment companies, banks, stock exchanges, and

(01:52):
the largest financial institutions integrate crypto in many ways, and
this move by PayPal is huge. I think this is
a game changer because they have a big ecosystem. They
also have Venmo, and if they roll this out, you
know it's going to be open to millions of customers.
So let me give you some details here. PayPal, the
global payments giant with over four hundred million active accounts,

(02:13):
is adding cryptocurrency to its peer to peer payments, enabling
users to send and receive digital assets directly, a step
that could accelerate mainstream adoption beyond investment and training. On Monday,
the company unveil PayPal Links, a personalized one time link
generated in the PayPal app that could be shared across texts, email,

(02:34):
or chat. The feature will first launch in the US
before expanding to the United Kingdom, Italy and other international
markets in the near term. Users will be able to
send cryptocurrencies and stable coins directly through paypals P to
P feature, both to PayPal and Venmo users, as well
as to compatible digital assets. The supported cryptocurrencies include Bitcoin,

(02:57):
etherorem and PayPal stable coin p USD. Incredible news here, folks,
And as the article mentioned, this could help boost adoption
because if you can easily send people crypto assets without
having to worry about you know, long wallet addresses and
complicated things and putting the wrong thing, and you have
this kind of Web two setup, but it's powered by

(03:19):
Web three. This is what's needed for mass adoption. Now
you can imagine PayPal's competitors are going to build similar stuff.
You know, Robinhood's probably going to do it and the
other folks, But huge move by PayPal here. I'm going
to try to get someone from PayPal on the podcast again.
I had interviewed PayPal CTO if I'm not mistaken, in
twenty twenty four. His name is Edwin Aoki and we

(03:43):
talked a bit about, you know, what they were doing
with cryptos. So I think it would be a good
time to get someone on the pod from PayPal to
talk about this. And by the way, Paxo's the issuer
of the PayPal stable coin p y USD their CEO.
I interviewed and I publish that interview earlier today, so
check it out, guys. It's a good conversation where we

(04:04):
dive into the future of payments and much more. So
huge news here now look at this and s one
for bit wise is avalanche Avax ETF just drop and
we're set to get some SEC decisions next month. So
the ETF all coin ETF applications are piling up here.
We are seeing a lot being laid on the desk

(04:26):
of the SEC. But I want to remind everybody there's
no futures market for AVAX, not to say there won't
ever be. I'm just saying right now, I believe x
RP and Salona are the ones that are going to
get approved because they have the futures in place. And
I will be interviewing SEC Commissioner Hester Perse in a
next week actually, and I will ask her the details

(04:49):
around this, you know, is the future still required? I
assume it still is, and I'll ask her about, you know,
the timeline for these all coin ETF approvals. All right, folks,
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(05:10):
way to custody your assets. And Treasure supports a variety
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(05:31):
and the seed phrase setup, so they pioneered all of
this stuff in twenty thirteen, so they've been at this
for a long time. And folks, if you use my
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check out the link in the description. Now look at
this The Theorem Foundation forms AI research team to blend

(05:52):
blockchain in AI. And this comes as no surprise because
you see a lot of different blockchains and projects are
trying to suppor AI agents. We know AI agents are
going to be used by a lot of folks. There's
going to be many of them, and you want to
make sure you can support them and people can build
on your blockchain and be able to use payments with
your currency and even stable coins on your blockchain. So

(06:14):
David Krappi, is a research scientist from the Foundation, said
Monday that the new team will focus on developing an
AI economy on Etherorem and a decentralized AI stack for developers.
Here's a quote. Etherorem makes AI more trustworthy, and AI
makes etherorem more useful, he said on x. The more
intelligent agents transact, the more they need a neutral based

(06:37):
layer for value and reputation. Etherorem benefits by becoming that layer,
and AI benefits by escaping lock into a few centralized platforms.
So folks see the direction things are headed in here,
and AI is going to be a big part of
the economy, and obviously it complements blockchain in many ways,

(06:57):
and blockchain complements AI in many ways. In fact, it
will be used the police AI. Eventually all of our
content uploaded on social media platforms, things that we generate
on social media, will be blockchain power, so we know
the source and we can tell what's a de fake,
what's real, what's not, because that's going to be a
very messy world when AI fakes get sophisticated where you

(07:20):
can't tell the difference that's coming. That is a scary thing.
But at least we have blockchain to help solve the
transparency and trust factor. Okay, moving ahead, the SEC Gemini
Trust reach agreement over crypto lending dispute. So many of
you know, Gemini had a big issue with the company

(07:41):
it was doing to earn service through and that was
so messy, but thank goodness, it got resolved. So we
got an update here from the SEC. So the SEC
and Gemini Trust company filed a status update in court,
letting a federal court know they had reached a resolution
principle to resolve a securities case stemming from a twenty

(08:01):
twenty three complaint. In a Monday filing with the US
District Court for the Southern District of New York, the
SEC and Gemini Trust said subject to review and approval
by the Commission. The two parties requested that all litigation
in the case be indefinitely stayed. So this is really great. Gemini,
of course, just did an IPO last week on Friday,

(08:21):
they got listed on the NASDAC, so great to see
some of these legacy issues being resolved here. Moving ahead,
Robin Hood seeks SEC approval for venture fund accessible to
retail investors, So this is really great. They're trying to
open up private equity to the masses and they should, right.
The accreditation laws are so outdated and I'm going to

(08:44):
talk to Hester Purst about this. You know, why should
only high net worth individuals be able to access these
things and not in individuals, especially when you have more
knowledge about markets. You have the Internet, everybody has the
wealth of information on their phones and their compute or
now with AI which can be as an assistant and

(09:05):
even educate you, right to help you to learn along
the process. So I understand the accreditation laws maybe forty
fifty years ago, but now there's no need for that.
Come on, right, So great to see Robinhood is doing this.
And if you guys recall when I interviewed Vlad Tene,
CEO of Robinhood. We talked a bit about this, so
make sure you check out that interview. They are really

(09:26):
trying to open up as much investment opportunities to folks
around the world. So brokerage firm Robinhood is planning a
close end fund that would give retail investors access to
its venture capital portfolio, a space traditionally reserved for institutions
and high net worth individuals. The brokeridge disclosed Monday that
it has filed a Form and two with the SEC

(09:49):
to register shares of Robinhood Ventures, one which will be
managed by its new subsidiary, Robinhood Ventures THEE. So, if approved,
shares of our will be listed on the New York
Stock Exchange where they can be bought and soul through
participating brokerage platforms. This is great, folks, and I think
it will also have an impact on tokenized securities, so

(10:13):
certain things that were not accessible to once again retail.
This you know, if they change the accreditation laws across
the board, it will really help tokenize assets. Now, final
news item, which is very bullish, London Stock Exchange launches
blockchain platform for private funds again, look who's involved, the
London Stock Exchange, right, and Microsoft is also part of this.

(10:36):
So this is a very bullish news item and I
actually share this on the live stream this morning. So
the London Stock Exchange Group launch a blockchain based infrastructure
platform for private funds, making it the first major global
stock exchange to use such a system. And let me
give you some updates here. They're not going to be
the last, right, and they're not going to be the

(10:58):
only ones. More are going to follow. So the platform,
called Digital Markets Infrastructure, supports the full life cycle of
digital assets, from issues and tokenization to post trade settlement.
It was developed with Microsoft and runs on Microsoft Azure.
The exchange set on Monday. So the London Stock Exchange

(11:18):
Group said the system was designed to provide interoperability between
distributed ledger technology and traditional financial systems as part of
its goal to become the first global exchange group to
support clients across the full funding continuum. So, folks, you're
seeing the bridge being built here from the traditional system
to the new system, which is blockchain base. Incredible, and

(11:42):
again look at the names and the folks who are involved.
I started the podcast talking about PayPal, right, and now
I'm talking about the London Stock Exchange. We're talking about
Robinhood as well. It's incredible what's happening. So this is
why I am so bullish on this news. So private
funds are the acid class to go live in or

(12:02):
on the DMI, with plans for additional asset classes as
part of the initial offering. Private funds on the DMI
will be discoverable by workplaces users, enabling general partners to
interact with professional investors on these platforms. Capital management from
members CAP and London based Archacks, a Financial Conduct Authority

(12:24):
regulated crypto exchange where the first clients on board. Members
CAP conducted the platform's debut transaction, with Archacks acting as
a nominee for the Cardono Foundation. So Cardana holders, that's
some very interesting news here. But man, look who's involved.
Look at what they're building, folks. Again, I know I

(12:45):
say this a lot. I'm not just bullish on this cycle,
but when the bear market comes, I'll be buying and
loading up and getting ready for twenty twenty eight to
twenty thirty. Something to keep in mind, we are now
getting crypto legislation. We're waiting on the Clarity Act to pass.
It's going to start taking place soon, and it's going
to take time for that legislation to make its way

(13:06):
throughout the economy and getting accepted by people and reviewed
by people, and then they have to build. And usually
the building happens in the bear market. So you can
see here once again you can position yourself very well
for the next bull market. So things are moving in
the right direction. We are seeing incredible adoption here. So
I'm just blown away by the participants and the people

(13:28):
who are building here. And I don't think a lot
of people out there realize what's going on. I still
see comments that Crypto's spot a ponzi, cryptos a scam, right,
because people are not educated and they've often chang is
hard for human beings, and sometimes you know, your initial
reactions like, oh this doesn't seem real. You know, oh,
how can this be currency? How can this work this way?

(13:51):
But this is where you have to go beyond that
and educate yourself so that you understand is what I've
seen on headlines real is it a or is it legit?
People haven't gone that next step, so count yourself lucky
if you have, because this is the next layer on
top of the Internet. And you know, these news items
are not making major headlines on Fox or CNN and

(14:12):
all that stuff. Right, So the majority of mainstream media
is not telling you this. They just push their narratives
versus sharing the facts. Who's building, who's investing, who's getting
patents and actually doing things right facts. There's no spin here,
there's no opinion piece per se. It's just hey, look
at what the London Stock Exchange is dealing with Microsoft, right,

(14:33):
Here's what PayPal is doing, straight up facts. Right. So again,
count yourself lucky that you're here early and if you
bought the bloody bear market and the dips and your
position to get an incredible return. So, folks, stay patient.
Things are moving in the right direction, all right. A
great way you can support me in the podcast, folks,

(14:53):
is by subscribing to my free email newsletter. It is
one hundred percent free. Check out the link in the description.
Check out my book on am Amazon it's available in paperback,
in digital, and my course at mycryptocurse dot com. This
is a comprehensive course that teaches you every aspect of crypto.
So if you'd like to expand your knowledge, check out
this course. Folks, thank you so much for watching and listening.

(15:14):
I appreciate you all, and I'll talk to you all
later

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Episode Transcript

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PAYPAL MAKES A HUGE CRYPTO UPDATE YOU NEED TO KNOW ABOUT!

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