WEBVTT

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<v Speaker 1>I've got big crypto news for you. Visa has launched

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<v Speaker 1>its tokenized sandbox, and the CFTC is embracing tokenization with

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<v Speaker 1>some updated recommendations and PayPal conducts the first enterprise payment

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<v Speaker 1>with its py USD stable coin and coinbase is about

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<v Speaker 1>to delist USDT in Europe. I'll give you all the details.

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<v Speaker 1>Let's get into it. Hey, everybody, welcome into the Thinking

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<v Speaker 1>Crypto Podcasts. You're home for cryptocurrency news and interviews. I'm

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<v Speaker 1>your host, Tony Edward. On your way in. Please sit

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<v Speaker 1>that subscribe button as well as a thumbs up button

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<v Speaker 1>and leave a comment below. If you're listening on a

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<v Speaker 1>podcast platform such as Spotify or Apple, please leave a

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<v Speaker 1>five star rating and review. Folks. Big news. Visa has

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<v Speaker 1>launched its tokenized asset sandbox to promote blockchain integration. Folks.

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<v Speaker 1>We continue to see the biggest firms and financial institutions

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<v Speaker 1>in the world embracing crypto, using it in one way

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<v Speaker 1>or the other, launching financial products such as ETFs tokening

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<v Speaker 1>on these public blockchains. So there was a movement to

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<v Speaker 1>have permission private blockchains used, but the public continue to

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<v Speaker 1>be the ones that work very well. So let me

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<v Speaker 1>give it to details. Visa has released a product to

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<v Speaker 1>help financial institutions issue Fiat back tokens on blockchain networks.

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<v Speaker 1>The Visa Tognized Asset Platform VTAP, the company announced on Thursday,

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<v Speaker 1>October third, is available on Visa's development platform to allow

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<v Speaker 1>its banking partners to create an experiment with their own

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<v Speaker 1>fiat back tokens in a VTAP sandbox. So it sounds

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<v Speaker 1>like these banks will be able to create their own

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<v Speaker 1>stable coins and possibly CBDCs. We don't have all the

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<v Speaker 1>details on if they are able to do that. So

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<v Speaker 1>the effort will employ the company's expertise in technologies like

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<v Speaker 1>smart contracts to let banks issue and transfer Fiat back

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<v Speaker 1>tokens over blockchain networks. Visa has been at the forefront

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<v Speaker 1>of digital payments for nearly sixty years, and with the

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<v Speaker 1>introduction of VTAP, we are once again setting the pace

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<v Speaker 1>for the industry. Vanessa Colela, Visas head of Innovation and

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<v Speaker 1>Digital Partnership, said in the release. So, folks, it's what

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<v Speaker 1>we've been talking about for years. We're headed to the

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<v Speaker 1>token economy. Everything running on the blockchains, even your traditional assets.

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<v Speaker 1>But that these companies better wake up or they will

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<v Speaker 1>have their Blockbuster moment. You either innovate and adapt to

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<v Speaker 1>the technology or you die. Right, we saw what happened

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<v Speaker 1>with Blockbuster and Netflix, and there are many other examples

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<v Speaker 1>where Amazon disrupted other companies and so forth. So you

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<v Speaker 1>have to keep up with the technology. Disruptive technology always wins.

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<v Speaker 1>So it's incredible that these legacy payment and financial institutions

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<v Speaker 1>are jumping all in and they have to, guys, if

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<v Speaker 1>they want to stay relevant, they want to stay in business,

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<v Speaker 1>they have to. So here are some more quotes. There's

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<v Speaker 1>a growing ecosystem where tokenized real world assets are being

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<v Speaker 1>issued across multiple permission and public blockchains. The company said.

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<v Speaker 1>Visas vision is to enable interoperability across different blockchains for

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<v Speaker 1>banks using the VTAP platform. So primarily we're hearing that

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<v Speaker 1>they are going to be using Ethereum, I'm not sure

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<v Speaker 1>if they're going to expand to other blockchains. Most likely

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<v Speaker 1>they will because the future it will be a multi

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<v Speaker 1>chain world. There will be interoperability. And look, this is

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<v Speaker 1>why you want to have ETH in your portfolio. And

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<v Speaker 1>I personally holy ETH. You know, obviously not financial advice,

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<v Speaker 1>but the point is you're seeing ETH getting massive adoption

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<v Speaker 1>now moving ahead, we got some more big tokenization news.

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<v Speaker 1>So the CFDC subcommittee sends up recommendations for letting firms

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<v Speaker 1>use tokenized shares as collateral, so this is really big.

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<v Speaker 1>A vote was passed on Tuesday to move recommendations on

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<v Speaker 1>the use of tokenized shares of money market funds to

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<v Speaker 1>a larger body. A subcommittee of the CFTC moved its

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<v Speaker 1>recommendations to the full committee, but the recommendations are not

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<v Speaker 1>yet known, so this will of course impact the likes

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<v Speaker 1>of black Rock and Franklin Templeton and all the big institutions. Obviously,

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<v Speaker 1>black Rocks tokenized fund is the largest. I think it's

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<v Speaker 1>over five hundred million dollars now, so incredible stuff. But

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<v Speaker 1>as you can see the guardrails ever being put into

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<v Speaker 1>place here. The clarity that's needed for these big institutions

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<v Speaker 1>to continue to build and use tokenized assets is unfolding here.

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<v Speaker 1>And remember black Rock is tokenizing on etherm Franklin Templeton

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<v Speaker 1>I believe they're using Stellar and some other blockchains. I

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<v Speaker 1>actually met Sandy call who I interviewed on the podcast.

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<v Speaker 1>She's the head of digital assets at Franklin Templeton. I

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<v Speaker 1>met her at MAInet this week and I'm going to

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<v Speaker 1>try to get her back on to learn more about

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<v Speaker 1>what they're doing. But folks, I hope you see what's

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<v Speaker 1>happening here. The biggest institutions building, the government is now

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<v Speaker 1>looking to enact clear regulations and guardrails, and this is

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<v Speaker 1>the future. I know it doesn't happen overnight. I know

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<v Speaker 1>we get impatient because we're looking at the price. But

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<v Speaker 1>you can't just look at price because price will follow

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<v Speaker 1>the adoption in the building. So you have to look

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<v Speaker 1>at the market holistically. If you're only looking at price,

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<v Speaker 1>you're going to fail as an investor because price can

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<v Speaker 1>be affected by a number of variables, you know, depending

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<v Speaker 1>on what's happening in the world, macro factors, with the

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<v Speaker 1>ad cutting raids, what part of the money printing cycler

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<v Speaker 1>are we in? Are we in quantitative titan or quantitative easing?

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<v Speaker 1>So you have to look at this thing holistically. And

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<v Speaker 1>that's why I try to bring you these facts and

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<v Speaker 1>the adoption news because as we get more clarity, as

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<v Speaker 1>we get more adoption and building, it's all going to

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<v Speaker 1>drive up the value of these blockchain networks, the public ones,

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<v Speaker 1>and if you're holding the native token you will of

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<v Speaker 1>course benefit, so really big news. Now here's some more

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<v Speaker 1>big news. PayPal executes first business transaction using its pyus

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<v Speaker 1>the stable coin. This is really big, folks, and even

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<v Speaker 1>Coinbase highlighted this because Coinbase they help facilitate this transaction.

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<v Speaker 1>So here are the details. PayPal completed its first business

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<v Speaker 1>transaction using the pyus the stable coin, when the digital

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<v Speaker 1>payments firm paid an invoice to accounting giant Ernst and Young.

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<v Speaker 1>That's e Y, the silicon value based company is trying

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<v Speaker 1>to demonstrate the ease of using its proprietary stable coin

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<v Speaker 1>for commercial transactions. So Ernest and Young is one of

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<v Speaker 1>the top four accounting firms in the world. I hope

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<v Speaker 1>you see what's happening here in PayPal, of course, is

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<v Speaker 1>a massive payments giant. Now heads up. I will be

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<v Speaker 1>interviewing the head of blockchain at EY very soon, so

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<v Speaker 1>I'm going to bring you these exclusive interviews folks, and

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<v Speaker 1>I'm trying to get someone from PayPal on the podcast

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<v Speaker 1>as well to talk about their crypto initiatives. And coin

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<v Speaker 1>based Institutional tweeted out about this, saying PayPal, EY and

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<v Speaker 1>SAP are collaborating with coinbas to streamline B to B payments.

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<v Speaker 1>PayPal recently used stable coins to pay EY invoices, trusting

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<v Speaker 1>in SAP's new digital currency hub for execution and coinbase

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<v Speaker 1>Prime for secure custody. So once again I'll get all

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<v Speaker 1>the details from Ey's head of blockchain, Paul Brody actually,

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<v Speaker 1>and he was at MAInet this week as well. Guys.

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<v Speaker 1>I am blown away by the caliber of enterprise companies

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<v Speaker 1>that are getting involved with crypto in one way or

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<v Speaker 1>the other. And this is a clear adoption that's going

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<v Speaker 1>to continue to grow, and stable coins are going to

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<v Speaker 1>be a big part of what's happening. And I know

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<v Speaker 1>stable coins there's not much to invest in there, but

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<v Speaker 1>it goes back to the blockchain, right, which blockchains are

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<v Speaker 1>using and are you holding the native token? Now? On

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<v Speaker 1>that note, I shared a bit of this news. I

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<v Speaker 1>think it was earlier this week or last week, but

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<v Speaker 1>Swift is starting to ramp up their efforts and working

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<v Speaker 1>with different banks and institutions around the world in using

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<v Speaker 1>cryptocurrencies and blockchains, so they continue to tweet out news here.

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<v Speaker 1>They said live trials of digital asset transactions on Swift

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<v Speaker 1>to start in twenty twenty five, so things are heating

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<v Speaker 1>up globally in different industries, and the biggest companies and

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<v Speaker 1>enterprises as mentioned are here, so it's really exciting. Now

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<v Speaker 1>A great place where you can buy eth and other

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<v Speaker 1>all coins and bitcoin and so forth is on Gemini,

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<v Speaker 1>which is a great crypto exchange. They have a ton

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<v Speaker 1>of products. They have a fully functional exchange with an app,

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<v Speaker 1>they have staking, they have a credit card, they have

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<v Speaker 1>a stable coin called Gemini Dollar. They have a web

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<v Speaker 1>three creative studio, nifty Gateway, and Folks, if you sign

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<v Speaker 1>up with Gemini and you trade one hundred dollars in bitcoin,

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<v Speaker 1>you can get fifteen dollars in bitcoin for free if

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<v Speaker 1>you use my link and my code link will be

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<v Speaker 1>in the description. So check out Gemini and it's a

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<v Speaker 1>platform might been using for years, so I can vouch

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<v Speaker 1>for them. Now moving ahead, many of you know that

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<v Speaker 1>the EU passcrypto regulations. I think it's called MICA, and

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<v Speaker 1>part of that is some strict regulations around stable coins

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<v Speaker 1>and reserves. Well, a coinbase is getting ready to do

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<v Speaker 1>list Tether in the EU along with other stable coins.

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<v Speaker 1>We don't have all the details on what those other

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<v Speaker 1>stable coins are, but just note that this is a

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<v Speaker 1>delisting just in the EU, not in the United States

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<v Speaker 1>and other parts of the world. I'm not saying that

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<v Speaker 1>couldn't happen later on, but right now it's just to EU,

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<v Speaker 1>so things are being put into place here. My thoughts

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<v Speaker 1>though is that Tether will eventually get this together and

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<v Speaker 1>they'll probably be relisted at some point, but right now

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<v Speaker 1>they're not being listed here. So we'll see what happens

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<v Speaker 1>as we head into twenty twenty five. But this is

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<v Speaker 1>a big update. If you're into Europe, you are not

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<v Speaker 1>going to be able to access Tether, which is obviously

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<v Speaker 1>super beneficial for the folks at Circle who issue us

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<v Speaker 1>DC and possibly Ripples stable cooin or l USDN obviously

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<v Speaker 1>paypals Py USDs, so the stable coin wars are heating up.

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<v Speaker 1>This is something I wrote about since I think it

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<v Speaker 1>was Q four of twenty twenty three that this year

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<v Speaker 1>we would see some really big shakeups in the market.

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<v Speaker 1>So interesting stuff now moving ahead. Ripple partners with Brazilian

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<v Speaker 1>exchange Mercado Bitcoin to offer business focused payment solutions. So

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<v Speaker 1>despite the challenges Ripples facing here in the United States,

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<v Speaker 1>they continue to build and expand. As mentioned, they're going

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<v Speaker 1>to launch a stable coin call r l usd SO

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<v Speaker 1>Mercado Bitcoin E, leading Brazilian exchange will be the first

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<v Speaker 1>customer of Ripple's product in Brazil, using Ripple's platform to

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<v Speaker 1>improve its internal treasury options between Brazil and Portugal. Ripple

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<v Speaker 1>introduced it's Crypto on Demand Liquidity ODL service in Brazil

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<v Speaker 1>in August twenty twenty two in partnership with travelx Bank.

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<v Speaker 1>So really big adoption news here for Ripple and for

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<v Speaker 1>their ODL service. And like I said, they continue to

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<v Speaker 1>expand globally. And I often remind you guys, crypto is

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<v Speaker 1>not a US based acid class. It's a global asset class.

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<v Speaker 1>So despite what the United States might be doing putting

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<v Speaker 1>up hurdles and roadblocks and so forth, companies continue to

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<v Speaker 1>grow their business overseas. And there's clarity in many countries

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<v Speaker 1>and jurisdictions. You know, you got Japan, Singapore or Dubai

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<v Speaker 1>and so on and so forth. So this asset class

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<v Speaker 1>can't be stopped. This technology can't be stopped. Despite what

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<v Speaker 1>Gary Genser and Elizabeth Warren and the other clowns are

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<v Speaker 1>trying to do, crypto blockchains will outlast them. Now, speaking

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<v Speaker 1>of the sec Paul Griwall, chief legal officer at Coinbase, says,

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<v Speaker 1>yesterday the SEC filed a reply brief in the Legilex

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<v Speaker 1>case that argued whether a digital asset transaction is a

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<v Speaker 1>securities transaction is not determined by the nature of the asset.

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<v Speaker 1>It's remarkable because they argue the precise opposite to Judge

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<v Speaker 1>Folia in our case. So this is the continued hypocrisy

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<v Speaker 1>that we're seeing from the SEC. They will lie in

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<v Speaker 1>one case. It's just a mess and there's no accountability.

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<v Speaker 1>Just look at what they said in the Binance legal

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<v Speaker 1>document right where they apologize for using crypto acid securities

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<v Speaker 1>or digital asset securities, yet they used it in other

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<v Speaker 1>cases in the same week. What is going on? Do

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<v Speaker 1>you care about the law? Do you have any honor?

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<v Speaker 1>Obviously not right. It's pathetic. And Paul highlights here you

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<v Speaker 1>know where you can reference what the SEC said and

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<v Speaker 1>the SEC's Coinbase opposition brief. He says, this is our

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<v Speaker 1>government acting in the name of all of us, telling

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<v Speaker 1>one judge one thing while telling another the opposite should

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<v Speaker 1>not be tolerated. We deserve better. Yeah, this is unbelievable.

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<v Speaker 1>This is your tax dollars at folks, and look, I've

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<v Speaker 1>been talking about this with various folks. It's a symptom

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<v Speaker 1>of big government where these agencies have become too powerful,

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<v Speaker 1>there's no accountability. They've gone rogue where they will break

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<v Speaker 1>the law just to get their way. And that is

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<v Speaker 1>not right, folks. And this is obviously, like I said,

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<v Speaker 1>a bigger problem. But obviously the SEC has gotten worse

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<v Speaker 1>under Gary Genser, who's a scumbag regulator now in regardless

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<v Speaker 1>to the election, which could impact crypto legislation and the

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<v Speaker 1>SEC and so forth. Eleanor Tarrata Fox Business highlighted the following,

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<v Speaker 1>The power of the crypto voter is apparent in findings

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<v Speaker 1>of a new survey commission by Consensus and Harris x Data.

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<v Speaker 1>Harris x Data, just so you know, has nothing to

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<v Speaker 1>do with commers. They said, here your go to source

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<v Speaker 1>for accurate, in depth research on politics, society, business, AI, technology,

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<v Speaker 1>and so forth. So the key takeaways are ninety two

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<v Speaker 1>percent of crypto owners say they plan to vote on

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<v Speaker 1>November fifth, Forty nine percent of all US voters consider

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<v Speaker 1>pro crypto stands important, with voters thirteen sent more likely

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<v Speaker 1>to cross party lines for favorable policies in swing state Pennsylvania,

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<v Speaker 1>thirty four percent of voters are open to voting outside

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<v Speaker 1>their party if a candidate supports pro crypto policies. In

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<v Speaker 1>swing state Wisconsin, crypto is gaining popularity among blue collar voters,

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<v Speaker 1>and Republicans have an edge there, with forty percent of

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<v Speaker 1>voters believing the GOP will be better for crypto policy. Finally,

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<v Speaker 1>fifty six percent of voters support Donald Trump's pro crypto stance,

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<v Speaker 1>with the third saying they are more likely to vote

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<v Speaker 1>for him because of it, while fifty four percent of

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<v Speaker 1>voters believe it's important for Kamala Harris to take a

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<v Speaker 1>clear position on crypto. So Democrats want to play around,

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<v Speaker 1>and Kamala Harris wants to play around, They're going to

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<v Speaker 1>feel it in the polls. Obviously this is not the

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<v Speaker 1>only issue here, but the Democrats have an opportunity to

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<v Speaker 1>take this off the election ballot, which I want it

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<v Speaker 1>off the election ballot because I believe cryptos and neutral

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<v Speaker 1>technology shouldn't be political. Elizabeth Warren made it political. But

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<v Speaker 1>the end of the day, hero should come out and

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<v Speaker 1>say hey, we're going to support these technologies, here's my

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<v Speaker 1>policy and so forth, and then people can vote on

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<v Speaker 1>other issues. Right, I'm not telling you who to vote

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<v Speaker 1>for it, but you're adults, so people have different reasons

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<v Speaker 1>what they vote for. But as it relates to crypto,

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<v Speaker 1>Donald Trump has a clear advantage. Kamala Harris. I don't

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<v Speaker 1>know what the hell she's doing. Now. The good thing

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<v Speaker 1>is that in Congress, in the House and Senate, we're

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<v Speaker 1>seeing more Democrats supporting crypto. Many of them have turned

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<v Speaker 1>their backs on Elizabeth Warren and Gary Genser. So that's

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<v Speaker 1>a very good sign and we need that to get

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<v Speaker 1>crypto legislation through. We know it made it through the

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<v Speaker 1>House already, it has to go through the Senate, so

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<v Speaker 1>let's see what happens. But people who owned crypto are

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<v Speaker 1>going to vote, guys, and if Harris loses, you can

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<v Speaker 1>imagine what people are going to say about Elizabeth Warren

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<v Speaker 1>and Gary Genser. Now, guys, something very interesting from HBO.

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<v Speaker 1>There's a documentary claiming they have uncovered the true identity

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<v Speaker 1>of Satoshi knock a Moto, the pseudononymous of bitcoin. Out

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<v Speaker 1>of belief they have I just believe this is some

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<v Speaker 1>sensationalism and they're trying to get people to watch it. Obviously,

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<v Speaker 1>and look the timing of this. It's coming out now

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<v Speaker 1>because they know bull market right, they know a lot

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<v Speaker 1>of people are going to be interested. So look, I

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<v Speaker 1>give them credit for the timing and the marketing. It

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<v Speaker 1>does include some of the ogs, the Bitcoin og is

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<v Speaker 1>like Adam Back and a bunch of other folks. But

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<v Speaker 1>you know, we'll see. There are many theories as to

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<v Speaker 1>whose knackomotive is. That it may be the NSA, a

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<v Speaker 1>group of people, you know, a group of computer scientists,

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<v Speaker 1>Hal Finny and so forth, but who knows. At this point,

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<v Speaker 1>it's probably better that this is not uncovered, but we

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<v Speaker 1>shall see. You never know what the future holds. But

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<v Speaker 1>I don't think HBO uncovered who Sotoci Knakamoto is or

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<v Speaker 1>if folks, that's the news. Leave your thoughts and comments

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<v Speaker 1>below hit the thumbs up button. Don't forget to sign

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<v Speaker 1>up for my free email newsletter. It's on substack. It's

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<v Speaker 1>one hundred percent free, fill with crypto knowledge and insights.

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<v Speaker 1>Link will be in a description. Also, be sure to

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<v Speaker 1>grab a copy of my book, Rethinking Crypto. It's available

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<v Speaker 1>on Amazon and paperback in digital. If you bought a

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<v Speaker 1>copy already, please leave a rating and review. It will

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<v Speaker 1>really help me out thank you, and I'll talk to

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<v Speaker 1>you all later.