PayPal Would Need These Two Things In Order to Issue a Stablecoin - Ep.290

Published: Nov. 16, 2021, 8:30 a.m.

Jose Fernandez da Ponte, PayPal\u2019s senior vice president and general manager of blockchain, crypto, and digital currencies, discusses PayPal\u2019s crypto game plan, how CBDCs might be implemented, crypto regulations, and more. Show highlights:\n\nJose\u2019s path to becoming the GM of blockchain, crypto, and digital currencies at PayPal\n\nwhat factors led to PayPal\u2019s decision to launch its crypto offering\n\nwhat sort of customer makes up PayPal\u2019s crypto demographic\n\nhow users are engaging with the various PayPal crypto services, like crypto-rewards cards\n\nwhether the introduction of crypto had anything to do with Venmo\u2019s 36% jump in volume during Q3 2021\n\nhow PayPal interacts with Paxos on the backend to settle crypto transactions\n\nwhy Jose thinks PayPal has decided to not add cryptocurrency to its balance sheet\n\nhow crypto transactions work within PayPal\u2019s internal ledger and how that might change once PayPal launches support for withdrawals off-platform\xa0\n\nthe three types of directions that Jose believes stablecoins and CBDCs could be built\n\nwhat solutions would need to be built before PayPal would consider issuing its own stablecoin\n\nwhat scaling technologies, be it L1 or L2, PayPal is interested in\n\nwhether stablecoins and CBDCs can/will co-exist\n\nJose\u2019s thoughts on how long it will be before CBDCs are being issued\n\nwhy Jose thinks that new regulation might be necessary for cryptocurrencies\n\nwhether PayPal will be participating in decentralized activities, such as on-chain governance\n\nwhy Jose thinks that PayPal\u2019s crypto offering could help improve financial inclusion -- especially for smaller companies\n\nwhy Jose and PayPal are excited about NFTs\n\nhow PayPal will decide to support new cryptocurrencies on its platform\n\nwhat Jose thinks PayPal\u2019s crypto offering could look like in the future\n\nThank you to our sponsors!\nCrypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\xa0\xa0\n\xa0\nNodle: https://bit.ly/3AXGydJ\xa0\xa0\n\nEpisode Links\nJose Fernandez da Ponte\nLinkedIn: https://www.linkedin.com/in/jose-fernandez-da-ponte-a46ba81/\n\n\xa0\nPayPal Crypto Basics\n\nHomepage:\n\n https://www.paypal.com/us/digital-wallet/manage-money/crypto\n\nFAQs:\xa0\n\n https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398\n\n\n https://www.paypal.com/us/smarthelp/topic/MY_WALLET_PER\xa0\n\nTerms + Conditions:\xa0\n\n https://www.paypal.com/us/webapps/mpp/ua/cryptocurrencies-tnc\n\nVenmo Crypto:\xa0\n\n\nhttps://venmo.com/about/crypto/\xa0\xa0\n\n\xa0\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices