Speaker 1: I've got big crypto news for you. Visa has launched
Speaker 1: its tokenized sandbox, and the CFTC is embracing tokenization with
Speaker 1: some updated recommendations and PayPal conducts the first enterprise payment
Speaker 1: with its py USD stable coin and coinbase is about
Speaker 1: to delist USDT in Europe. I'll give you all the details.
Speaker 1: Let's get into it. Hey, everybody, welcome into the Thinking
Speaker 1: Crypto Podcasts. You're home for cryptocurrency news and interviews. I'm
Speaker 1: your host, Tony Edward. On your way in. Please sit
Speaker 1: that subscribe button as well as a thumbs up button
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Speaker 1: podcast platform such as Spotify or Apple, please leave a
Speaker 1: five star rating and review. Folks. Big news. Visa has
Speaker 1: launched its tokenized asset sandbox to promote blockchain integration. Folks.
Speaker 1: We continue to see the biggest firms and financial institutions
Speaker 1: in the world embracing crypto, using it in one way
Speaker 1: or the other, launching financial products such as ETFs tokening
Speaker 1: on these public blockchains. So there was a movement to
Speaker 1: have permission private blockchains used, but the public continue to
Speaker 1: be the ones that work very well. So let me
Speaker 1: give it to details. Visa has released a product to
Speaker 1: help financial institutions issue Fiat back tokens on blockchain networks.
Speaker 1: The Visa Tognized Asset Platform VTAP, the company announced on Thursday,
Speaker 1: October third, is available on Visa's development platform to allow
Speaker 1: its banking partners to create an experiment with their own
Speaker 1: fiat back tokens in a VTAP sandbox. So it sounds
Speaker 1: like these banks will be able to create their own
Speaker 1: stable coins and possibly CBDCs. We don't have all the
Speaker 1: details on if they are able to do that. So
Speaker 1: the effort will employ the company's expertise in technologies like
Speaker 1: smart contracts to let banks issue and transfer Fiat back
Speaker 1: tokens over blockchain networks. Visa has been at the forefront
Speaker 1: of digital payments for nearly sixty years, and with the
Speaker 1: introduction of VTAP, we are once again setting the pace
Speaker 1: for the industry. Vanessa Colela, Visas head of Innovation and
Speaker 1: Digital Partnership, said in the release. So, folks, it's what
Speaker 1: we've been talking about for years. We're headed to the
Speaker 1: token economy. Everything running on the blockchains, even your traditional assets.
Speaker 1: But that these companies better wake up or they will
Speaker 1: have their Blockbuster moment. You either innovate and adapt to
Speaker 1: the technology or you die. Right, we saw what happened
Speaker 1: with Blockbuster and Netflix, and there are many other examples
Speaker 1: where Amazon disrupted other companies and so forth. So you
Speaker 1: have to keep up with the technology. Disruptive technology always wins.
Speaker 1: So it's incredible that these legacy payment and financial institutions
Speaker 1: are jumping all in and they have to, guys, if
Speaker 1: they want to stay relevant, they want to stay in business,
Speaker 1: they have to. So here are some more quotes. There's
Speaker 1: a growing ecosystem where tokenized real world assets are being
Speaker 1: issued across multiple permission and public blockchains. The company said.
Speaker 1: Visas vision is to enable interoperability across different blockchains for
Speaker 1: banks using the VTAP platform. So primarily we're hearing that
Speaker 1: they are going to be using Ethereum, I'm not sure
Speaker 1: if they're going to expand to other blockchains. Most likely
Speaker 1: they will because the future it will be a multi
Speaker 1: chain world. There will be interoperability. And look, this is
Speaker 1: why you want to have ETH in your portfolio. And
Speaker 1: I personally holy ETH. You know, obviously not financial advice,
Speaker 1: but the point is you're seeing ETH getting massive adoption
Speaker 1: now moving ahead, we got some more big tokenization news.
Speaker 1: So the CFDC subcommittee sends up recommendations for letting firms
Speaker 1: use tokenized shares as collateral, so this is really big.
Speaker 1: A vote was passed on Tuesday to move recommendations on
Speaker 1: the use of tokenized shares of money market funds to
Speaker 1: a larger body. A subcommittee of the CFTC moved its
Speaker 1: recommendations to the full committee, but the recommendations are not
Speaker 1: yet known, so this will of course impact the likes
Speaker 1: of black Rock and Franklin Templeton and all the big institutions. Obviously,
Speaker 1: black Rocks tokenized fund is the largest. I think it's
Speaker 1: over five hundred million dollars now, so incredible stuff. But
Speaker 1: as you can see the guardrails ever being put into
Speaker 1: place here. The clarity that's needed for these big institutions
Speaker 1: to continue to build and use tokenized assets is unfolding here.
Speaker 1: And remember black Rock is tokenizing on etherm Franklin Templeton
Speaker 1: I believe they're using Stellar and some other blockchains. I
Speaker 1: actually met Sandy call who I interviewed on the podcast.
Speaker 1: She's the head of digital assets at Franklin Templeton. I
Speaker 1: met her at MAInet this week and I'm going to
Speaker 1: try to get her back on to learn more about
Speaker 1: what they're doing. But folks, I hope you see what's
Speaker 1: happening here. The biggest institutions building, the government is now
Speaker 1: looking to enact clear regulations and guardrails, and this is
Speaker 1: the future. I know it doesn't happen overnight. I know
Speaker 1: we get impatient because we're looking at the price. But
Speaker 1: you can't just look at price because price will follow
Speaker 1: the adoption in the building. So you have to look
Speaker 1: at the market holistically. If you're only looking at price,
Speaker 1: you're going to fail as an investor because price can
Speaker 1: be affected by a number of variables, you know, depending
Speaker 1: on what's happening in the world, macro factors, with the
Speaker 1: ad cutting raids, what part of the money printing cycler
Speaker 1: are we in? Are we in quantitative titan or quantitative easing?
Speaker 1: So you have to look at this thing holistically. And
Speaker 1: that's why I try to bring you these facts and
Speaker 1: the adoption news because as we get more clarity, as
Speaker 1: we get more adoption and building, it's all going to
Speaker 1: drive up the value of these blockchain networks, the public ones,
Speaker 1: and if you're holding the native token you will of
Speaker 1: course benefit, so really big news. Now here's some more
Speaker 1: big news. PayPal executes first business transaction using its pyus
Speaker 1: the stable coin. This is really big, folks, and even
Speaker 1: Coinbase highlighted this because Coinbase they help facilitate this transaction.
Speaker 1: So here are the details. PayPal completed its first business
Speaker 1: transaction using the pyus the stable coin, when the digital
Speaker 1: payments firm paid an invoice to accounting giant Ernst and Young.
Speaker 1: That's e Y, the silicon value based company is trying
Speaker 1: to demonstrate the ease of using its proprietary stable coin
Speaker 1: for commercial transactions. So Ernest and Young is one of
Speaker 1: the top four accounting firms in the world. I hope
Speaker 1: you see what's happening here in PayPal, of course, is
Speaker 1: a massive payments giant. Now heads up. I will be
Speaker 1: interviewing the head of blockchain at EY very soon, so
Speaker 1: I'm going to bring you these exclusive interviews folks, and
Speaker 1: I'm trying to get someone from PayPal on the podcast
Speaker 1: as well to talk about their crypto initiatives. And coin
Speaker 1: based Institutional tweeted out about this, saying PayPal, EY and
Speaker 1: SAP are collaborating with coinbas to streamline B to B payments.
Speaker 1: PayPal recently used stable coins to pay EY invoices, trusting
Speaker 1: in SAP's new digital currency hub for execution and coinbase
Speaker 1: Prime for secure custody. So once again I'll get all
Speaker 1: the details from Ey's head of blockchain, Paul Brody actually,
Speaker 1: and he was at MAInet this week as well. Guys.
Speaker 1: I am blown away by the caliber of enterprise companies
Speaker 1: that are getting involved with crypto in one way or
Speaker 1: the other. And this is a clear adoption that's going
Speaker 1: to continue to grow, and stable coins are going to
Speaker 1: be a big part of what's happening. And I know
Speaker 1: stable coins there's not much to invest in there, but
Speaker 1: it goes back to the blockchain, right, which blockchains are
Speaker 1: using and are you holding the native token? Now? On
Speaker 1: that note, I shared a bit of this news. I
Speaker 1: think it was earlier this week or last week, but
Speaker 1: Swift is starting to ramp up their efforts and working
Speaker 1: with different banks and institutions around the world in using
Speaker 1: cryptocurrencies and blockchains, so they continue to tweet out news here.
Speaker 1: They said live trials of digital asset transactions on Swift
Speaker 1: to start in twenty twenty five, so things are heating
Speaker 1: up globally in different industries, and the biggest companies and
Speaker 1: enterprises as mentioned are here, so it's really exciting. Now
Speaker 1: A great place where you can buy eth and other
Speaker 1: all coins and bitcoin and so forth is on Gemini,
Speaker 1: which is a great crypto exchange. They have a ton
Speaker 1: of products. They have a fully functional exchange with an app,
Speaker 1: they have staking, they have a credit card, they have
Speaker 1: a stable coin called Gemini Dollar. They have a web
Speaker 1: three creative studio, nifty Gateway, and Folks, if you sign
Speaker 1: up with Gemini and you trade one hundred dollars in bitcoin,
Speaker 1: you can get fifteen dollars in bitcoin for free if
Speaker 1: you use my link and my code link will be
Speaker 1: in the description. So check out Gemini and it's a
Speaker 1: platform might been using for years, so I can vouch
Speaker 1: for them. Now moving ahead, many of you know that
Speaker 1: the EU passcrypto regulations. I think it's called MICA, and
Speaker 1: part of that is some strict regulations around stable coins
Speaker 1: and reserves. Well, a coinbase is getting ready to do
Speaker 1: list Tether in the EU along with other stable coins.
Speaker 1: We don't have all the details on what those other
Speaker 1: stable coins are, but just note that this is a
Speaker 1: delisting just in the EU, not in the United States
Speaker 1: and other parts of the world. I'm not saying that
Speaker 1: couldn't happen later on, but right now it's just to EU,
Speaker 1: so things are being put into place here. My thoughts
Speaker 1: though is that Tether will eventually get this together and
Speaker 1: they'll probably be relisted at some point, but right now
Speaker 1: they're not being listed here. So we'll see what happens
Speaker 1: as we head into twenty twenty five. But this is
Speaker 1: a big update. If you're into Europe, you are not
Speaker 1: going to be able to access Tether, which is obviously
Speaker 1: super beneficial for the folks at Circle who issue us
Speaker 1: DC and possibly Ripples stable cooin or l USDN obviously
Speaker 1: paypals Py USDs, so the stable coin wars are heating up.
Speaker 1: This is something I wrote about since I think it
Speaker 1: was Q four of twenty twenty three that this year
Speaker 1: we would see some really big shakeups in the market.
Speaker 1: So interesting stuff now moving ahead. Ripple partners with Brazilian
Speaker 1: exchange Mercado Bitcoin to offer business focused payment solutions. So
Speaker 1: despite the challenges Ripples facing here in the United States,
Speaker 1: they continue to build and expand. As mentioned, they're going
Speaker 1: to launch a stable coin call r l usd SO
Speaker 1: Mercado Bitcoin E, leading Brazilian exchange will be the first
Speaker 1: customer of Ripple's product in Brazil, using Ripple's platform to
Speaker 1: improve its internal treasury options between Brazil and Portugal. Ripple
Speaker 1: introduced it's Crypto on Demand Liquidity ODL service in Brazil
Speaker 1: in August twenty twenty two in partnership with travelx Bank.
Speaker 1: So really big adoption news here for Ripple and for
Speaker 1: their ODL service. And like I said, they continue to
Speaker 1: expand globally. And I often remind you guys, crypto is
Speaker 1: not a US based acid class. It's a global asset class.
Speaker 1: So despite what the United States might be doing putting
Speaker 1: up hurdles and roadblocks and so forth, companies continue to
Speaker 1: grow their business overseas. And there's clarity in many countries
Speaker 1: and jurisdictions. You know, you got Japan, Singapore or Dubai
Speaker 1: and so on and so forth. So this asset class
Speaker 1: can't be stopped. This technology can't be stopped. Despite what
Speaker 1: Gary Genser and Elizabeth Warren and the other clowns are
Speaker 1: trying to do, crypto blockchains will outlast them. Now, speaking
Speaker 1: of the sec Paul Griwall, chief legal officer at Coinbase, says,
Speaker 1: yesterday the SEC filed a reply brief in the Legilex
Speaker 1: case that argued whether a digital asset transaction is a
Speaker 1: securities transaction is not determined by the nature of the asset.
Speaker 1: It's remarkable because they argue the precise opposite to Judge
Speaker 1: Folia in our case. So this is the continued hypocrisy
Speaker 1: that we're seeing from the SEC. They will lie in
Speaker 1: one case. It's just a mess and there's no accountability.
Speaker 1: Just look at what they said in the Binance legal
Speaker 1: document right where they apologize for using crypto acid securities
Speaker 1: or digital asset securities, yet they used it in other
Speaker 1: cases in the same week. What is going on? Do
Speaker 1: you care about the law? Do you have any honor?
Speaker 1: Obviously not right. It's pathetic. And Paul highlights here you
Speaker 1: know where you can reference what the SEC said and
Speaker 1: the SEC's Coinbase opposition brief. He says, this is our
Speaker 1: government acting in the name of all of us, telling
Speaker 1: one judge one thing while telling another the opposite should
Speaker 1: not be tolerated. We deserve better. Yeah, this is unbelievable.
Speaker 1: This is your tax dollars at folks, and look, I've
Speaker 1: been talking about this with various folks. It's a symptom
Speaker 1: of big government where these agencies have become too powerful,
Speaker 1: there's no accountability. They've gone rogue where they will break
Speaker 1: the law just to get their way. And that is
Speaker 1: not right, folks. And this is obviously, like I said,
Speaker 1: a bigger problem. But obviously the SEC has gotten worse
Speaker 1: under Gary Genser, who's a scumbag regulator now in regardless
Speaker 1: to the election, which could impact crypto legislation and the
Speaker 1: SEC and so forth. Eleanor Tarrata Fox Business highlighted the following,
Speaker 1: The power of the crypto voter is apparent in findings
Speaker 1: of a new survey commission by Consensus and Harris x Data.
Speaker 1: Harris x Data, just so you know, has nothing to
Speaker 1: do with commers. They said, here your go to source
Speaker 1: for accurate, in depth research on politics, society, business, AI, technology,
Speaker 1: and so forth. So the key takeaways are ninety two
Speaker 1: percent of crypto owners say they plan to vote on
Speaker 1: November fifth, Forty nine percent of all US voters consider
Speaker 1: pro crypto stands important, with voters thirteen sent more likely
Speaker 1: to cross party lines for favorable policies in swing state Pennsylvania,
Speaker 1: thirty four percent of voters are open to voting outside
Speaker 1: their party if a candidate supports pro crypto policies. In
Speaker 1: swing state Wisconsin, crypto is gaining popularity among blue collar voters,
Speaker 1: and Republicans have an edge there, with forty percent of
Speaker 1: voters believing the GOP will be better for crypto policy. Finally,
Speaker 1: fifty six percent of voters support Donald Trump's pro crypto stance,
Speaker 1: with the third saying they are more likely to vote
Speaker 1: for him because of it, while fifty four percent of
Speaker 1: voters believe it's important for Kamala Harris to take a
Speaker 1: clear position on crypto. So Democrats want to play around,
Speaker 1: and Kamala Harris wants to play around, They're going to
Speaker 1: feel it in the polls. Obviously this is not the
Speaker 1: only issue here, but the Democrats have an opportunity to
Speaker 1: take this off the election ballot, which I want it
Speaker 1: off the election ballot because I believe cryptos and neutral
Speaker 1: technology shouldn't be political. Elizabeth Warren made it political. But
Speaker 1: the end of the day, hero should come out and
Speaker 1: say hey, we're going to support these technologies, here's my
Speaker 1: policy and so forth, and then people can vote on
Speaker 1: other issues. Right, I'm not telling you who to vote
Speaker 1: for it, but you're adults, so people have different reasons
Speaker 1: what they vote for. But as it relates to crypto,
Speaker 1: Donald Trump has a clear advantage. Kamala Harris. I don't
Speaker 1: know what the hell she's doing. Now. The good thing
Speaker 1: is that in Congress, in the House and Senate, we're
Speaker 1: seeing more Democrats supporting crypto. Many of them have turned
Speaker 1: their backs on Elizabeth Warren and Gary Genser. So that's
Speaker 1: a very good sign and we need that to get
Speaker 1: crypto legislation through. We know it made it through the
Speaker 1: House already, it has to go through the Senate, so
Speaker 1: let's see what happens. But people who owned crypto are
Speaker 1: going to vote, guys, and if Harris loses, you can
Speaker 1: imagine what people are going to say about Elizabeth Warren
Speaker 1: and Gary Genser. Now, guys, something very interesting from HBO.
Speaker 1: There's a documentary claiming they have uncovered the true identity
Speaker 1: of Satoshi knock a Moto, the pseudononymous of bitcoin. Out
Speaker 1: of belief they have I just believe this is some
Speaker 1: sensationalism and they're trying to get people to watch it. Obviously,
Speaker 1: and look the timing of this. It's coming out now
Speaker 1: because they know bull market right, they know a lot
Speaker 1: of people are going to be interested. So look, I
Speaker 1: give them credit for the timing and the marketing. It
Speaker 1: does include some of the ogs, the Bitcoin og is
Speaker 1: like Adam Back and a bunch of other folks. But
Speaker 1: you know, we'll see. There are many theories as to
Speaker 1: whose knackomotive is. That it may be the NSA, a
Speaker 1: group of people, you know, a group of computer scientists,
Speaker 1: Hal Finny and so forth, but who knows. At this point,
Speaker 1: it's probably better that this is not uncovered, but we
Speaker 1: shall see. You never know what the future holds. But
Speaker 1: I don't think HBO uncovered who Sotoci Knakamoto is or
Speaker 1: if folks, that's the news. Leave your thoughts and comments
Speaker 1: below hit the thumbs up button. Don't forget to sign
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Speaker 1: copy already, please leave a rating and review. It will
Speaker 1: really help me out thank you, and I'll talk to
Speaker 1: you all later.