PayPal Would Need These Two Things In Order to Issue a Stablecoin Unchained

Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto, and digital currencies, discusses PayPal’s crypto game plan, how CBDCs might be implemented, crypto regulations, and more. Show highlights:

Jose’s path to becoming the GM of blockchain, crypto, and digital currencies at PayPal

what factors led to PayPal’s decision to launch its crypto offering

what sort of customer makes up PayPal’s crypto demographic

how users are engaging with the various PayPal crypto services, like crypto-rewards cards

whether the introduction of crypto had anything to do with Venmo’s 36% jump in volume during Q3 2021

how PayPal interacts with Paxos on the backend to settle crypto transactions

why Jose thinks PayPal has decided to not add cryptocurrency to its balance sheet

how crypto transactions work within PayPal’s internal ledger and how that might change once PayPal launches support for withdrawals off-platform 

the three types of directions that Jose believes stablecoins and CBDCs could be built

what solutions would need to be built before PayPal would consider issuing its own stablecoin

what scaling technologies, be it L1 or L2, PayPal is interested in

whether stablecoins and CBDCs can/will co-exist

Jose’s thoughts on how long it will be before CBDCs are being issued

why Jose thinks that new regulation might be necessary for cryptocurrencies

whether PayPal will be participating in decentralized activities, such as on-chain governance

why Jose thinks that PayPal’s crypto offering could help improve financial inclusion -- especially for smaller companies

why Jose and PayPal are excited about NFTs

how PayPal will decide to support new cryptocurrencies on its platform

what Jose thinks PayPal’s crypto offering could look like in the future

Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  
 
Nodle: https://bit.ly/3AXGydJ  

Episode Links
Jose Fernandez da Ponte
LinkedIn: https://www.linkedin.com/in/jose-fernandez-da-ponte-a46ba81/

 
PayPal Crypto Basics

Homepage:

https://www.paypal.com/us/digital-wallet/manage-money/crypto

FAQs: 

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398


https://www.paypal.com/us/smarthelp/topic/MY_WALLET_PER 

Terms + Conditions: 

https://www.paypal.com/us/webapps/mpp/ua/cryptocurrencies-tnc

Venmo Crypto: 


https://venmo.com/about/crypto/  

 


Learn more about your ad choices. Visit megaphone.fm/adchoices