35 Burst results for "Pay Pal"
More Than 100 Corporate Leaders Meet to Discuss State Voting Laws
"Voting rights have become a hot button issue including among business leaders this weekend. Dozens of ceos and other senior leaders met on zoom to discuss how they should respond to new voting laws proposed for texas and other states according to people on the call. Wsj's emily glaser has the details. So there are more than one hundred ceos and other senior executives that joined this zoom on saturday afternoon with the express purpose of talking about voting rights and in the beginning there was a lot of background about what the georgia legislation other state legislation and bills include about. Whether or not they were strict voter access and then kenneth chenault the former. Ceo of american express longtime corporate board director as well as kenneth frazier. Ceo of merck really made their pitch to these ceo's and other business executives of what their new statement is going to say how they believe it's non-partisan it's all about ensuring voter access for all and really urged the ceo's to add their names and so As part of the call kennedy channel told the executives that several companies had signalled that they would sign on including pepsi. co pay. Pal t. rowe price and has so across industries a lot of large companies. And you know what we heard from our sources that even during this zoom ceo's of different companies like amc and cyberport core technologies. Were saying i'm in. I'm in
"pay pal" Discussed on Run That Prank
"What what would what y'all doing. Yes i gave you one at it and then you win and bought all them tickets not gone what you're doing. Be who fried. Who said through sunday. We'll think about it all right. Let me just marinate on. Would you let me marinade. i let not mar. I just got to think about it. I'm gonna talk to bruce me and bruce compensate and we'll figure it out right birmingham. I appreciate it. I'm coming Thinking that for you coming up next strawberry letter subject my fiance is for the straits will get into it right after this. You're listening to morning. Show introducing touch free payments from pay pal a safe way for your customers to pay simply download the pay pal app and display your own unique. Qr code for your customers to scan whether you're a market seller poodle pamper piano tuner or plummer signing up to accept touch free payments for. Your business is easy touch free. Qr code payments shop safe with pay pow. Discover one of the cis. Illicit cold war initiatives on the iheartradio original podcast on midnight. Climax and undercover brothel drugging unwitting americans. A mind control experiment gone horribly wrong back in the fifties. The government wouldn't let you watch. Elvis presley shake his hips on tv but the same government was running a brothel in broad daylight. Listen to operation midnight. Climax on the iheartradio app apple podcasts. Or wherever you get your podcasts..
"pay pal" Discussed on The Bad Crypto Podcast
"What if bitcoin ceased to exist tomorrow. It's a very unlikely event. And in a lot of corporations that have invested in purchase large amounts of bitcoin would crash mike strategy tesla others. A lot of people that you know owned cryptos. All of a sudden would wake up and be like an goes all my cryptos but could it happen out. Could bitcoin ceased to exist. I think bitcoin be would cease to exist if like massive. Emp's happened around. The world and all electricity was shut down and the grids who came to a complete stop and we got booted back to the eighteen hundreds. Maybe i mean that'd be one way to kill that and so i would also say in case that should happen to make sure you got some silver or some things barter right i if that were to go down and it became sort of a crazy dystopia. You wanna have bullets because bullets could be used just for shooting animals and food but that will be currency silver would be currency. Gold would be currency paper. Money probably wouldn't be worth nearly as much than just because they printed so many of them toilet paper toilet paper would be toilet. Paper would be really good I know i'm saying i'm saying the paper money would be toilet paper so the article gives three possible scenarios shutting down the entire internet. But that's really not possible because there's not a single point of failure ride in the internet so it just about impossible another would be the destruction of all nodes and minors but The article says before that could happen the nodes would take cover behind an impregnable wall of veep. Em's and the third is if governments were to pass legislation banning bitcoin. It's unstoppable money. It's been banned in many countries and people are still using it. Citizens are still by. They're saying hey you know what no were still still able to buy bitcoin and use it. Even if you've made it until you bomb the bitcoin banded and you ain't gonna take away my unstoppable money kazaa and i would be the big coin bandidos. I think where it's it's more unstoppable. Because of stories like this. The big news from march thirtieth pay pal. Launches checkout with crypto enabling. Pay pal customers in the us to check out with cryptocurrency alongside other payment methods in the pay pal wallet so this is just for us citizens right now but basically you go to paypal checkout and usually where you can just pick a credit card or a debit card crypto will automatically appear as well. If you've got crypto that you can use to purchase it so if you're holding. Bitcoin lie coin a theory. I'm not sure what else they have right. Now they're on pay pal. But i don't think they have. Yeah so so. Think about this folks. This is what one side..
"pay pal" Discussed on Clark Howard Show
"We gotta talk you know. Employers have used the pandemic as an excuse as a way of getting rid of people that are older workers and they been able to avoid any discrimination age discrimination oversight really by using the pandemic as a way of paring back workforce's really giving it a older employees them taking it on the chan in the crazy thing is the reality companies that do that end up lowering their future profitability. And they think they're so smart. Treating older workers like dirt and treating them as refuse or surplus and hiring somebody younger cheaper and yeah there are advantages at least immediately with payroll. But what a you moves you move the institutional memory. I've seen that in so many industries so many businesses where they decide they're going to pare payroll and they really go after the older workers and end up thinking that they're doing something really clever. They know it's sturdy but they think they're doing something clever but they end up hurting the company's very future well now to surprise the wall street journal wrote a report about why getting rid of the older workers is actually going to harm the american economy because the number of workers fifty five and older that are in the workforce right now is down to thirty eight percent
"pay pal" Discussed on Heartland Newsfeed Radio Network
"Of course i dash cam. So ideally the person. And i'm going to send them a bill for the replacement of these weaver good for you. We talk a lot about cryptocurrency here on free talk live and i have given a whole bunch of crap to the organization known as papal because they attempted to grab headlines by saying that they were going to offer crypto currency but why pay pal is offering has we have no reason whatsoever to believe that it is bitcoin. All you can do or at least at the time all you could do with. Paypal is used whatever money in your pay pal account to purchase coat bitcoin unquote and then that would just sit in a little bucket. You had no access to your keys..
PayPal Opens Crypto Payments for Millions of Merchants
"What's going on guys. It is tuesday march thirtieth and today we are talking about pay pal opening crypto payments for millions of merchants first up however. Let's do the brief i. On the brief today micro. Bitcoin futures are coming to the the. Cms has been in. The bitcoin futures game a long time in fact their launch of the bitcoin futures product almost perfectly timed the market top in two thousand seventeen however of course this product is relatively limited now to the people who can play with whole bitcoins at a time. This has gotten trickier as the price of. Bitcoin is nearly sixty thousand again today. This is announcing new contracts. Launching may third that are cash settled and sized at one tenth of one bitcoin. So why does this matter to me. Part of what makes bitcoin. Great is the democratization of participation that it enables buying. Bitcoin at spot is permission. Lists and what's more you can trade institutions. She's not in full bitcoin. This does remain one of the biggest misconceptions in one of the biggest reasons. New people to crypto. Find themselves turning away from. Bitcoin is not realizing that you can buy less than one. Full bitcoin that you can buy fractions of bitcoins. Regardless the 'financialisation of bitcoin could threaten democratization in many ways by only allowing much bigger players to play the game futures contracts that are smaller sized could one allow for a different category of investor to participate in bitcoin derivatives to to allow more diverse types of bats within that space and three reinforced. This notion so important. As i just mentioned that you don't have to buy a whole bitcoin. Now you also don't have to bet on the future of bitcoin with whole bitcoins
"pay pal" Discussed on Daily Tech News Show
"Would a company not want to use any of these advances from arm. I mean it gets really complicated with armed with intel up until just recently said they'll start doing using their fabs to make other chips intel design the architecture. It made the chip design. It built the chip. Like if you were talking about an intel chip. You didn't have to think about this stuff with arm. Everybody gets the architecture right. That's that's what you're paying for when you get an armed ship. But not everybody uses the arm design so roger had a really good way of describing it when we were prepping for the show. He said it's a little bit like the architecture. Is the building code right. You you can only put pipes in certain places. You can only run electrical in certain places and you have to build a code but the house can be different so apple may not decide to use arms design. They may design their own house which they do and those designs can eek out a bunch of performance gains as well so that the performance jump for an apple chip might not be as much as somebody who was using stock design from arm. So it's not about design here so much as it is about. The architecture actually understood that thank you. Oh you're welcome. Thank roger and pay pal. They will let you pay pal will let users use crypto currency holdings to pay online merchants and a month with the feature calls checkout with crypto. I you'll need to have some bitcoin. Bitcoin cash or light coin and a pay pal digital wallet. Now when selecting checkout crypto choose which cryptocurrency you want to spend it and it will be automatically converted to fia that's fiat currency to make the purchase that conversion means it's available to merchants who support paypal. Pay would charge a transaction fee to use crypto. Oh yes the downside is. You're going to have to have the crypto in the paypal wallet and if you already own it somewhere else you're gonna have to make sure that you're not paying too much gas if a theory but i guess they're not doing a theory. I'm here so it won't matter but you know there's a. There's a charge to your bitcoin to transfer fee and some kind. It's not even a transfer fee. It's like the way. Bitcoin works when you transfer the system always takes a little out for proof of work etc. It's already in pay pal though this genius. If you've got crypto currency sitting there in your pay pal account right now. Because last october when they launched it you started adding it then. This is going to make it easy to use that to spend because merchants don't have to even know about it merchants. Don't bother with it because it gets converted to fiat currency on their end saw as far as they're concerned you're paying them dollars or euros or or whatever right. Yeah but you get to spend that coin that you kept in your pay pal. That's huge so so this is what i understand this. This is like if i had a coin base account great powers acting like like a holder of my of my yes pay pal digital wallet is very similar to that exactly okay..
"pay pal" Discussed on Clark Howard Show
"So i would have been double taxed. I got my first vaccine in january. My second does february. Eleventh and truth is my life has not changed much so far my wife has now been double bagged and at some point will actually start resuming. Some things of what was normal life before march of last year. Now i know there are those among us who have continued life pretty much uninterrupted and there are others who've made some compromises in their lives but continued to mostly live lives although i spent almost a year in semi quarantine and that was something that we made a decision as a family. I have a pre existing that made me extra vulnerable to corona virus. I never got it and now we've been talking my wife and i for weeks about well. Maybe we go sit outside at a restaurant and eat a lunch or dinner. Something we've not done in the last year plus and it turns out that there's about a third of people according to a new survey who been vaccinated who are about where my wife and i are we feel a sense of relief being vaccinated but according to a harris poll about a third of people are still like. Yeah feel better about this. But i'm not quite ready to step out a lot of those people. Apparently according to harris or waiting till we reach herd immunity which is where we get to enough of percent of the american people who've had the vaccination that we basically eliminate corona virus is a threat People have been vaccinated. Have somewhere between a one in twenty and one in ten chance of getting it anyway and. That's why there's that level reluctance and so we also have a certain percent of people who are thinking they're not gonna get a vaccine to knowing they're not going to get back scene and if that number stays low enough we get to hurt immunity. That number is too large. We don't get hurt immunity and it means the economy. The economic activity continues at a slower speed. But i am looking so forward to doing things normally and when i'm able to go to a sports event eat indoors at a restaurant. Travel is something that i absolutely can't wait to do in all these things that people have been reluctant to do have held back the economy. But what you're going to see over the next. Many months is step by step. The economy will gain strength just because of the fact that people are getting out and doing things one thing in particular. Read an item. It was very touching about grandparents for the first time since february of last year. Getting to be in the presence of their grandkids and that one is a big one for anyone who's grandparent to be able to be with their grandkids and to be even with their kids. A lot of people have not been with their adult children over this time period. So there's a lot of things that have led us into these choices where we've restricted and by the way one thing that was really shocking to me is new. Data came out that found that there was very muddled difference and economic activity in states where there were government imposed lockdowns and in states. That didn't have lockdowns. The certain percent of the population made the choices. They were gonna make to hibernate. And the economy's had a certain amount of hibernation so it means that we have a lot of capacity and the economy for growth especially as person by person people make those individual decisions to do things again as soon as we actually do something so simple is having a meal at a restaurant outdoors. I'll talk about that on the podcast. Because i know for people who've been living a life they've been engaged through this last year. Plus i sound ridiculous but the reality is there are a lot of people like a third of people that are in that mindset that i am and we are the ones who need to reemerge to get the economy growing again and there's a big urban rural divide on this because i on the road trips have taken to the beach. Is the wonderful escape. That i had through the last year. Plus when i would go through rural areas. And you'd stop somewhere. You'd see a very low mask wearing very low percent people mask wearing and then in urban spaces you'd see very high levels of mask wearing because i think people who normally aren't around a lot of people didn't see this as a real present risk to them and those areas where people have not really changed their way of living they're not going to see the bounceback and the economic activity that actually urban and closer in suburban areas are going to see but i can pretty much guarantee you. We're going to see strong economic activity hiring all the rest as we move through the rest of twenty one.
PayPal is acquiring crypto security company Curv, for around $200 million
"Pal acquires crypto security company. The company announced the acquisition of the startup curve. Which uses novel cryptography to secure digital assets. Kerr provides a multiparty computation service to secure crypto currency and other digital assets using mathematics and cloud competing to prevent unauthorized access. Pay pal began offering customers the ability to buy and sell select cryptocurrencies back in november and plans to use the curve. Acquisition to secure its own assets especially for cross-border transactions. Terms of the deal were not disclosed but decrypt sources. Say it was worth around two hundred million
"pay pal" Discussed on Quick News Daily Podcast
"Foods out there. I'm unwrapping a mcdonnell steak egg and cheese bagel. Who look at this steak and juice running down the side. Go a little bit on rapper. Here and then. A fluffy egg and rail cheese folded oversaw just so good Grilled onions on a bagel. To thumbs off from donal steak egg and cheese bagel for breakfast. Love it more baba at participating. Mcdonald's introducing touch free payments from pay pal. A safe way if your customers to pay simply download the pay pal app and display your own unique. Qr code for your customers to scan whether you're a market seller tomatoes poodle pamper piano tuner or plummer signing up to accept touch free payments for. Your business is easy touch free. Qr code payments shop safe with paypal..
Tesla buys $1.5B in Bitcoin, will accept as payment soon
"Tusla is throwing its weight behind bitcoin. The electric automaker has now invested one and a half billion dollars in the crypto currency and says it plans to eventually accept payment from customers as reminder. Bitcoin is the world's largest crypto currency. It's basically like a digital form of money that's decentralized or in other words there's no main authority like a government. Ultimately the value of bitcoin is based on what people are willing to pay for it and tesla founder elon. Musk has high hopes for it. Tesla's investment could have a domino effect to as the washington. Post points out. It could prompt other major corporations to accept bitcoin as a legitimate form of money already microsoft wikipedia and pay pal accepted worldwide. But now that tesla is in. Bitcoin hit a new high yesterday topping. Forty seven thousand dollars per coin that said some market experts are skeptical. They think tesla is just investing in bitcoin. As a distraction meant to stir up more interest in its own stuff to be continued.
PayPal Reports Fourth Quarter and Full Year 2020 Results
"Pay pal closed out the best year. In the company's history fourth quarter profit and revenue came in higher than expected their guidance for twenty twenty one with strong shares of pay pal up around five percent and hitting a new high. Yeah pretty much Sort of twenty percent ish growth Year ear And really i think that more than anything what is part of Today's move is is a reiteration that this is sort of very much the middle of the game this is not particularly a pandemic related growth. It's it's sort of the growth that you expect here to the growth that the guidance is is continuing to provide. they've gotten investor day. I think next week and You know paypal and ebay two tastes. That weren't so great together but They've been pretty good Separated they had been good separate. We'll get to ebay and a second But you know this. This is interesting because You know one of the things that has come up over. The past few weeks on this show has ban guidance the degree to which some companies are comfortable sharing it for twenty twenty one the degree to which others are saying no. We're not doing gyns right now. A part of what pay pal shared was for the first time in a few years. They're going to have an investor day a week from today so february. Eleventh i believe is pay pals investor day and one of the things they're expected to share is their outlook for the next three to five years so I for anyone who looks at paypal and wonders about the valuation. I think the the counter to that is the confidence that management has to give guidance. Not just for this year but you know a week from now. They're going to be sharing it out to two thousand twenty six. Yeah and that is something to take notice of because it is a space that is while certainly far more mature than it would have been five years ago still So much going on you know in in the places where it where pales operating That i'm impressed that they can go out on a limb that far into the future You know with the percentage of the business that is coming from the new initiatives crypto and qr code reads It's it's really A lot of pieces that have a lot. That's going to happen in the next five years. So i think it's going to be a fascinating investor day and certainly One that is going to grab a lot of attention because of what the stock has done. And what the company has done
Small businesses see rise in contactless payments amid pandemic
"Business owners have really adopted and glommed on to this new digital wave that we've all been thrusted into because of the pandemic small business owners like never before have been forced to seek help to digitize their business in various ways to try to accommodate the could their customers and try to survive. Frankly beyond just You know they're. They're the current environment so that they can pay their bills given that the lockdowns of had such a the capacity have had such a big effect of small business owners. There was a recent article published about small businesses that talks about how eighty two percent of small business owners are ready for digital payments and other digital methods of doing business as well. There was a study that was conducted by visa revealed. The eighty two percent of small business owners are shifting toward digital payments in response to the pandemic now. These small businesses are rolling out new forms of in-store contactless payments to meet the covid nineteen weary customers that are demanding their protection when they go to stores at the point of sale. And if you've gone to places like target recently or gone to places. Some big box retailers. Then you probably have seen some of the different methods that these stores have used to try to accommodate customers like putting barrier protections on the keypads of the payment like bacteria prevention or spread prevention bacteria. Microbe free plastic. Wrap things on the show what they're called but on the keys where you can punch in your code. I hope you still use sanitizer. Because those things say claim that they disinfect like all day which. I'm not too sure about not exactly sure how that works. But but anyways. Contactless payments in digitizing payments in digitizing business transactions is a big thing at the moment a small businesses or hopping onto you know and honestly there's some evidence that has shown that there are a lot of some big reasons. Why small business owners like yourself. Listening to this podcast. You consider this. The eighty two percent increase of small businesses using contactless payments was up according to the study from twenty percent in june. So now it's well. We're february i now january's over so you honestly at this sixty. Two percent increase in june is massive. It's absolutely massive and it. It absolutely shows no signs of slowing down in the new year since the pandemic small businesses have shifted in general digitizing their operation so if in the fitness industry which i know well of course because i have a stake in the fitness industry. Fitness companies have digitized their offerings. Of course everyone knows about some of the massive at home fitness companies. Like peleton have done. Really well and digitizing their brand and capitalizing on that digitize. They should of their brand and even with boutique studios fifty offered virtual studio classes to the members so that their members could have their workout still at home despite being off down and not able to come in so there have been a demonstration across the board in the us of many opportunities as small business. Owners have taken to digitize their small business and this includes at this point contactless payments. And if you're listening to this podcast. He don't contactless payment is think apple apple pay or amazon. Pay or pay pal. Basically you put your credit card into your smartphone and the wallet of your smartphone. When you get to the register you punch in your code or use your face. Ide- your fingerprint recognition and you are able to charge whatever you pay your buying at the register with your phone you just kinda hover it over the the payment system and it automatically takes your payment. So that's the contactless digitalization of payments that we're talking about.
Can I profit from injury recovery videos on TikTok?
"Hi chris this is derek. And i'm a fitness. Coach has been trying different ideas during the pandemic since my client work is much more limited my latest project to make short instructional videos on injury recovery oppose them on tiktok and instagram and try to bring views to my site. I also like to ask for donations through pay pal the way some influences do wanna muddle the message any tips. Thanks for your help. Hey what's up. Thank you so much really. Admire the vision here. It's also been interesting admirable just to see how many people who are in the fitness role. How they have adjusted in in the pandemic age. I saw all kinds of people trying different stuff last year. And some things work out and some things. Don't just like a lot of stuff in life but as it goes for this idea actually made some detailed notes for myself here because i thought it was interesting. I also think you know just to be transparent as always like. It's no small challenge to do this. Well so i wrote in the description for this episode you know can a fitness coach us tiktok to create instructional videos. Will of course like almost certainly can he make money from such a thing. Maybe that's the key point. I would say if if if you are going to make money with it like. Here's what needs to happen like for this to actually take off whether it is talk. Instagram or something else number one. You know amazing content which is easier said than done of course the quality bar is really high these days which creates a better user experience. It encourages all of us to work harder. But i think especially with tiktok videos because such a younger generations so many millions of users around the world people are growing up doing this natively. You have to have something. That's really really good. Second you need amazing morality or you need something that really spreads right because lots of good content doesn't spread. You need something that is popular right. You need something that is popular that comment worthy that people want to to tell their friends about and of course lots of folks on tiktok to you that really well but it's not something you can just snap your fingers in half so amazing content amazing morality or at least let's say really good variety and then number three and actual monetization plan that connects the free videos. The ones that spread violate with a relevant way to get paid. Any one of these. Three things is hard to do well. But you'll need to do all three okay. And that said it's not impossible like obviously some people are doing this and i find it inspiring myself but even more valuable than whatever they're paid whether it's through those paypal donations or something else is those huge numbers of followers. Some of these people are able to reach it really is just tremendous. It's a whole new world. i would say also a final comment. They're like try to do anything you can to get those followers to connect with you on multiple platforms right so to use the eggs baskets analogy. You wouldn't want all your eggs in the tiktok basket or the instagram basquiat or any other technology platform. And then just briefly on that last point about the actual monetization plan that connects the free videos. That spread byerly. All i mean there is like there has to be some logical extension whether it is like. Hey all this content is free. Click here to donate. That's probably the most basic and easy and obvious when there could be something else as well but you can't approach new technology and new communication networks with old strategies and always expect the same results and the people are successful are often the ones who are able to adapt. So i wish you well derek anybody else out there. Well he's trying this. Let me know how it goes. I would love to get some more lessons to share with the rest of our community.
Is there a payment processor for very small transactions?
"Hey chris this is kelly from chicago. I've been listening to the show for a couple of years. Now and still love the funds. I want to sell virtual items for gamers including some that costs less than a dollar. My concern is that most merchant accounts including pay pal and stripe charge a per transaction fee in addition to a percentage. I understand them taking a three to four percent cuts. But if you're selling an item for fifty cents and there's a twenty five cent transaction fee. That's half the cost of the item. Is there a payment processor can work with to solve this problem. Or perhaps some way to use crypto currency and have no charges at all says it strictly peer to peer. What do you think kelly. Thank you so much for the question. So i i was a little bit stumped. I'm going to give you some perspective as well as a direct answer so the good news is a papal does have a microtransactions option now. I don't know that. I was even aware of that before i did some research. Take a look again. They call it micro payments so just searched for pal micro payments and the way it works as you'll pay a higher percentage but a lower flat fee essentially so you won't be paying the twenty five cents on each transaction and i think you'll pay something like five to seven cents and then the percentage maybe five to seven percent as opposed to two to four percent. Okay so it's just a different business model. That can actually work pretty well. For microtransactions or micro payments now. That said telly. Also mentioned crypto currency. I do think blockchain of some kind and future on this is one of the problems that blockchain promises to solve because transaction costs are so high. Most banks don't wanna do microtransactions because they're not making any money off them and because there are so many middlemen at these systems but still this is getting a little bit complicated because you know these days at least it's still pretty hard to use cryptocurrency for most routine transactions so as for the virtual items themselves. We talked about this in another episode as well. Most of that stuff is centralized by companies like epic games the makers of fortnight's and other games and the aftermarket is minimal or nonexistent if they don't actually want people making virtual items for sale they want to control that process themselves. Now there's probably some opportunity that i don't know about so in case i just said something that's inaccurate or is inaccurate and the future. Here's the greater point. You know what i hope to teach through. This show isn't so much like here's the latest. And greatest thing. Here's how you can go and sell virtual items and here's how you can get your percentage fee to be lower. Michael here is to make episodes and tell stories that are evergreen and helpful for a long time So much greater skill you can acquire all this stuff here is where do opportunities come from. Like where do. I find the opportunities in the first place because they will change from time to time month-to-month season by season year by and such. But where did the opportunities come from. How can i learn to spot them. And how can i take action. Once i spot one. So i think if you listen to this show for a while like you'll see that narrative that i'm trying to build up sometimes more successful than others. I'm sure but i'm trying to communicate that the greater skill is learning to spot the opportunity taking action on the opportunity. Not just like here. Are the top three things you can do at this particular month. So just some general comments there. Make sure you're not missing the forest for the trees. It really is hard to make money to make a good profit when you're items for so low of a cost so you should always ask like. Is this the best opportunity for me. My thirty something else. I should consider as well all right. Just my two cents there. My two cents with no transaction fee.
The failed Plaid-Visa merger is interesting fintech tea
"The financial tech firm plaid announced this week that it's doubling its workforce in europe that is largely because it's planned five point. Three billion dollar merger with visa fell apart earlier. This month after an antitrust lawsuit from the department of justice is a platform that lets you a customer link your bank account to cap like ben mo or robin hood you log in using plaid's interface but the bank itself might be totally cut out of the loop. They hate that. Visa could use plaid to expand beyond payments and maybe legitimized platt itself. Lisa ellis researchers payments at the firm moffitt nathanson. She said the doj Worried that these might be trying to kill the competition. There was sort of making an example. Frankly visa because obviously this is a theme that recently the doj has been focusing more on this idea of big tech firms buying small nascent potential competitors to kind of take them out of the market early on that was the angle that the doj came and they had leaked documents from internal strategy documents of of visas that explicitly indicated this as a risk. And so that was sort of the basically visa visa is facebook. They didn't want plaid to be the instagram right. Exactly i mean. Does this signal. Do you think a real shift then antitrust policy where that will be a more normal calculation that the doj makes it's definitely an angle that the doj is much more focused on it's a component of antitrust. That's historically not been instead of the usual measures that you would use to determine if something needs the bar of being an antitrust violation there now incorporating this thought this idea Much more actively this concept that larger firms are motivated or maybe motivated to kind of stymie competition in their space is by acquiring and then sort of retrofitting or in an extreme scenario. Actually just outright shutting down small competitors. Do you think that there will be other. That's than specifically inventec like do you think there's going to be more scrutiny. Assuming the day is on a new anti-trust push that also includes not stopping out baby competitors. Do you think there will also be increased scrutiny on because of the sensitivity of the information involved i do i do and that's also With the change in administration with a biden administration. He's been very open that the cfp is one of his big priorities. In terms of broadening and increasing the scrutiny on consumer protection in general which will include presumably will include fintechs and then in addition to that fintechs have gotten an enormous boost from the pandemic because of people being at home bank branches closed people having a little bit of extra cash because of stimulus checks. That's why you've seen this huge growth in robin hood in Coin bays in pay pal in van mo- in all of the i mean they've all had huge growth and so they're also just suddenly much larger and on a lot more people's radar screens. And so i think over the next year or sue we're going to see a lot more clear regulatory framework around fintechs and how they operate and how they interact with banks and what they need to be licensed for and all the consumer privacy and data concerns
What is "Unbanked"? CEO and Founder of Electroneum, Richard Ells
"You often described Trillion as a microbe aiming service. But i think it's a lot of other things as well. And i know one of the things that make you you. All unique is your focus on you know helping freelance for the gig. Economy third world countries right. 'cause you're actually helping them get paid in the etienne currency. So can you talk a little bit about. Have you seen any upticks in usage related to geography free during this time. I'm sure there's obviously many people looking for work and many people even Switching industries right. They just they just kinda want to survive in the best roy. Difficult cool about same. Things changed because because all dates are being pretty wild. We only launched pools during covid pretty much. Most of the february twenty twenty where mesa madness was going on and it has been a bit of a welwyn to win all suggest before cameras coors nineteen thousand and fifty talks. Fifteen thousand tubs on the platform fall off of more than than i thought we would be. They sites in all in a life cycle. And it's it's a really amazing thing to say that word of mouth which is which is now joining the whole ecosystem is it's been an actual rate thing so identity have data specifically A change i would imagine the likes of five hundred People who've been around for a long time next release deductible on Extrapolate specifically about cogan unfortun- got it's understandable because yeah sometimes in crypto. You don't have that direct data but why do you think you've seen such large growth in just the the community and like you mentioned. There's a lot of other alternative freelancing opportunities and focusing on this one thing. Because i read a lot about how people in the in the third world like you said word of mouth. They're all kind of talking to each other and accepting this currency as their new as their new valid currency. I think for a lot of people in the us It's sometimes hard to understand that perspective because a lot of our money and foundation is stays the same in its stable but when you talk about third world countries these people in many in many ways their skilled but they can't even get a paid inefficient raids right. So what do you think makes you all unique in that sense to to cater to this new generation. Maybe talk a little bit about that. This what is the effects of this new generation. When they start them they start to earn and work at Earning crypto per se rather than traditional Like what effect is half so first of all. We re still with your idea of every running freedoms platform ourselves. I mean we all. We don't select turning. We've this idea of having a very small highlands very very transaction fee to give you. The spirits appear payment system. There is insanely cheap to use almost free not want free but mike is microscopic fraction of a fraction of essent transactions. So it made you mike. You could make a two cent four cent transaction in a gun which is all twenty cent transactional fifty cent. Transaction solid transaction sizes. You couldn't possibly do on the on. The vase of mouse to coordinate Really very efficiently because most of the payment providers should providers charge of minimum of twenty or thirty cents per transaction so micro payments all really not that sixty two to traditional finance and then we shall ending slightly more helping to the twenty thousand dollar range which still to to the global twenty of thirty dollars. Sounds like peanuts bucks. A year said life changing of money for lots of people with good skills so but when he gets back. You still got the site of transfer. Bank banking system is antiquated. And it's antiquated evening. If you go to the united states want to save money from one place in the united states to another or in the fight from the uk to to else of the that. It's pretty good now. So you know you can do soon as you move outside of that country a money approach to your skin certainly probably three days before i see it here if i wanna far outside of your it may take considerable. You want relocate writing three minute drive at all then you have to try and track them down and some banks somewheres filling in a form doing something or is lost it so we've got quite a few of them some of your choice to build a relationship and so you feel a free. Three beat render eka might three being models. He's gonna laptop can make three two months. These scandals has the time to build that relationship. You have to be able to send him a twenty dollars in the thirteen doors. And he's in nigeria. We caught them us. Pay pal okay. Any use western union money transfer. Because that's gonna cost you hope that on the money just to send it so subtly you limited as to why you can get height so the traditional if you can call traditional in a fairly disruptive industry that freelance industry is disrupt table read the wheel of disrupting that further by giving access to this massive body of people all brilliant skills just skills as anyone else so don't donate affect their own back mike. You say they're going to do aerobics jolt doing fred. And they don't want that much money and they call physically get paid when banking acog high-power but so boy this thing that training having easy implements it makes really is so easily and it's almost season for them. It isn't quite instantaneous. That go to work deliberate. It's fourteen minutes july between delivering and getting pike.
Visa abandons takeover of Plaid after DOJ raises antitrust concerns
"Visa has announced it is abandoning. Its five point. Three billion dollar planned acquisition of fintech firm plaid after the doj sued over antitrust concerns back in november. Now maybe visa plaid is a unique case. And i'm open to people's opinions about this. But i feel like this is the sort of acquisition that would have sailed through without anyone blinking an eye five or six years ago quoting the journal plaid. The government argued was a nascent but important competitive threat to visa and eliminating that threat would lead to higher prices less innovation and higher entry barriers for online debit services. Visa initially vowed to fight the government and a trial was scheduled for june in a california federal court. Visa and plaid mutually agreed to end of the deal. Plaid chief executive zach. Parrot said in an interview. That plan is in good shape to prosper independent company. Because consumers flocked to the digital finance plaid powers during the coronavirus pandemic the number of paying plaid customers has increased more than sixty percent since the visa deal was announced. Mr parrot added and quote. So what i've been hearing overnight is maybe plaid isn't all that broken up about this deal breaking up as it were because in a world where square is worth one hundred billion dollars pay pal is at two hundred and fifty billion five billion dollars for a key. Part of all of fintech was frankly looking like an absurdly low price like the steal of the century given the current markets. If somehow plaid could tomorrow how much you wanna bet. They'd hit at least a fifty billion dollar valuation. Or something crazy though. I would question what made them went to take the deal in the first place. What do we or do we not know about their underlying business. As alex ramble at a sixteen z tweeted quote plaid underpins virtually all offend tech. It is the strategic pillar that is allowing this industry to be built at unprecedented scale and speed. While i believe the doj decision to be misguided. I'm more excited for plaid. Anzac parents decision to remain independent. Plaid has been and will continue to be the most important piece of financial infrastructure. Powering the fintech services we use today and those we will use tomorrow. The opportunity for fintech has only accelerated and plaid's roadmap is even bigger better and more. Ambitious ludicrous speed. Go and quote and as ham hamster jogi tweeted your move. Patrick collison
The Big Stories in Crypto in 2020
"Into that. Let's just look back at the similarly. I think actually really significant year. In crypto for twenty twenty like. What would you say. Were the big story that year. I mean if you look at the data you have a number of big Stories for twenty twenty right. The growth of the stable point market seeing a supply above five billion trading volumes. Routine all time high monthly high in the month of december. We put out a lot of Figures around trading and will coins in the past few weeks and so you just saw the growth of the market and the build out of a more robust market structure. So i think that's kind of like the high level overview of twenty twenty and i think that's why investors right now are getting so excited about what twenty twenty one holds because you have this this growth story from the year prior so i think people are really excited. And you're right it's going to. It's going to be interesting to continue to watch. That's for sure. Aside from price just the for the development of the market. Yeah yeah my two big takeaways. I think we'll see. I think partially because of the pandemic bitcoin. I think just like the big story last year. You know. I mean You know we just saw. I feel like kind of a new type of person who was acknowledging what its merits were and getting in and then of course you know the big news. Things like pay pal micro strategy and square and mass mutual pudding. Bitcoin on their balance sheets. I you know. I don't know if those things would have happened even without the pandemic but given what the state of the world was definitely feel like all those forces came together to create the perfect conditions. Yeah i wild though. It took a little bit of a while you know i remember. At the beginning of the pandemic in march when everything was falling crypto and beyond folks were kind of thinking that maybe crypto bitcoin specifically wasn't living up to that's safe haven characteristic that so many folks have attributed to it and so you know i think once we had the poulter jones note news. Come out you kind of saw those dominos fall with more investors more hedge funds and then actual publicly traded companies in in some cases announcing that they'd be allocating to the space. And so it's it's been interesting to
Alibaba founder Jack Ma is lying low for the time being, but he's not missing
"Stock just jumped five percent yesterday on word. Their ceo is not dead. Wow this year. The huge fundamental difference of doing business in china versus the united states. All right so jacqueline. You're talking here about the other jack jack. Ma former teacher present billionaire current location. Jack of jack ma. The former english teacher jack ma. He is a hard worker seventeen miles a day on a bike uphill to learn english. Both ways he also applied for job at kfc twenty three other people and he was the only one who didn't get the job. So what we're saying is jack. Ma falls off his bike. He gets back on the bike and then he founded alibaba twenty one years ago and that became the amazon of china. Now we mentioned jack mas hard working he actually evangelize is the nine nine six workweek which is nine. Am tonight pm. Six days a week for a total of seventy two hours and sounds absolutely awful opposite of the four day workweek way. Bigger the four day workweek knackers today. You could argue. That alibaba is more innovative. Then america's amazon. Yeah it's basically it's google. It's amazon it's fedex. It's pay pal all that rolled into one with a nice bow on an app alibaba stock however is down thirty percents since october on some really bizarre and kind of scary news all right. So this one's kind of strange. It all started back in october. When ant financial a different company the pay pal of china was prepping for the biggest. Ipo effort alibaba under the leadership of jack ma. They invested early in aunt group because they saw the need for digital payments in the ecommerce future so alibaba owned thirty percent of aunt. So anti peo- was going to be a big payday for alibaba. therefore jack ma. that's because aunt has one billion customers. They offer every financial service imaginable. He has eight. It's pretty much like the pizza hut buffet for fintechs picture. The little kale in between all the cottage is when jack ma made a fatal mistake he criticized. The chinese. Government does knackers in the us. You perfectly are allowed to criticize the government. Actually do it all the time. Even though you're not a huge fan of the damage that's okay not everyone's a fan of the dam and you're allowed to complain about the dmv because you are protected by the first amendment of the constitution freedom of speech though not a write in china. That's why it was a big deal in october. When jack ma at a conference during a speech criticized chinese regulators for stifling tech innovation with outdated regulation get this is the result the ant. Ipo that huge biggest ipo ever. It was blocked by authorities. And they called in jack ma for questioning they wanted to make an example of him speaking out against china so they actually ordered group to return to their payment origins. Because of what. Jack ma set and jack ma hasn't been seen in public since then and for good measure. The chinese government decided to launch an antitrust investigation against alibaba. After jack ma said what he said. Oh it's drop alibaba stock mar- oh and by the way w just told cnbc. Jack ma is alive. He's just laying low right now keeping a low profile. We're glad to hear that he's alive. But it's a little strange for a stock to jump because he's alive fleet
After Jack Ma, Is China Freezing Its Entire Tech Sector?
"So what did we miss. Well over the break. The whole chinese communist party versus jack. Ma thing got even more interesting. China's market regulator suddenly announced an antitrust investigation into alibaba for alleged monopolistic practices. Yes this sort of thing can happen in china to. I guess because as far as we know. This is the first investigation of its kind in china's internet sector ever coating the financial times the market regulator said it was investigating suspected monopolistic practices including alibaba's tactic of forcing merchants to sell exclusively on its platform a practice known as pick one of two in china among other issues. The brief statement from china's state administration of market regulation said the investigation into alibaba had been opened. Recently after complaints ali. baba's hong kong listed shares fell more than eight percent in early trading. Alibaba said it quote will actively cooperate with the regulators on the investigation and quote and that its business operations remained normal. This is china's first antitrust investigation into a chinese internet company for abusing its market dominance said scott you and antitrust expert at jong loon large firm quote. In a worst case scenario alibaba could be fined up to ten percent of its previous years sales and quote lawyers said the initiation of a former investigation met the government already had some evidence to support its case regulators quote definitely have evidence but it is hard to say whether they will ultimately decide this constitutes monopolistic behavior and its punishment said you jin wa at shanghai deboned law offices and quote so this story continues to fascinate me because for years the communist party has allowed big tech companies to flower in china to show that china could match the west for innovative disruptive capitalism albeit with the special chinese communist party spin on exactly what that entails implicitly. I suppose it has always entailed the communist party. Always having the final say on what exactly disruptive capitalism entails and it's interesting to see them very openly pulling the reins on jack ma one of the earliest and highest profile of the entrepreneurial success stories in tech china alibaba was founded all the way back in nineteen ninety nine. It was china's most valuable company for a long time though. Suddenly no more alibaba's seen almost all of this year's stock gains erased over the past few weeks wants the hammer began to come down on. Ma it all began with the canceled. Ipo of ant group. The finance of alibaba. Also run by jack ma and this morning even more. China's central bank has announced. That aunt must overhaul its lending insurance and wealth management businesses and come up with a timetable to do so toot sweet quoting bloomberg. These central banks summoned aunt executives over the weekend and told them to rectify the company's lending insurance and wealth management services. The people's bank of china said and statement sunday while it stopped short of directly asking for a break-up of the company the central bank stressed that aunt needed to quote understand the necessity of its business and quote and come up with a timetable as soon as possible. The series of edicts represent a serious threat to the expansion of mas online finance empire which has grown rapidly from a pay pal like operation into a full suite of services over the past seventeen years before regulators intervened aunt was poised for a public listing. That would have valued at more than three hundred billion dollars with existing backers including carlyle and silverlake. The hung based firm now needs to move forward with setting up a separate financial holding company to ensure it has sufficient capital and protect personal private data. The central bank said authorities also blasted aunt for subpar corporate governance disdain towards regulatory requirements and engaging in regulatory arbitrage the central bank said aunt used its dominance to exclude rivals hurting the interest of its hundreds of millions of consumers and quote as dr trae. Who knows way more about china than i do. Said on twitter quote. I'm still perplexed why they decided to kill ant the day before its ipo. It seems like a genuine mystery to everyone whether this was crazy. Powerplay to show they can put the brakes on something as large as that with the of a finger. Or if they like just didn't really look at andt closely until i day and quote but it's not just about jack ma though. Isn't it quoting bloomberg alibaba. Group holding led a second day of frenetic selling among china's largest tech firms driven by fears that antitrust scrutiny will spread beyond jack ma internet empire and engulfed the country's most powerful corporations alibaba and its three largest rivals. Tencent food delivery giant matron and jd dot com. Have shed nearly two hundred billion dollars over two sessions since when regulators revealed an investigation into alleged monopolistic practices. Atma's sickness or company. That marked the formal start of the communist. Party's crackdown not just on alibaba. But also potentially the wider increasingly influential texts fear and quote
These Apps Make Black Friday Bargain Hunting a Breeze
"It's black friday and You know things have changed a lot because of the pandemic first of all you know things usually start on black friday maybe a day or two before. Now i mean deals have been going on for like a week already maybe a little longer and the holiday shopping season is just kind of be extended all the way through the end of the holidays mark. I wanted to talk about some cool apps that can help you find deals but let's talk real quick about how the pandemic has changed everything. I mean before a lot of people would go out to the stores. Wait in line. A lot of people would obviously shop online but most people are just going to be sticking to their computers. And it's all about who can refresh faster to get some of these big deals. Forget black friday. It's more like cyber friday and forget just this weekend i would say it started with amazon prime day like month and a half ago or so and leading all the way up to the holidays and even past it so no doubt that retailers. Many of them are also feeling the pinch. Maybe not the big guys like amazon but they wanna sell so they are discounting their tack and other items and consumers us. We want to save this year more than ever trying to stretch your dollar because of what's been going on so there are some deals to be had. It does help if you have an app a website that helps you along the way we know were there devoted solely to helping you find the best deal and we can cover a couple of my favorites. But yeah if you've got a favorite store to shop at or you're open to looking around and you're comfortable with shopping online. You're gonna find some great deals this year. Let's start off by talking about some of the most sought after products this time around and that's going to be new xbox series x or the ps live on their respective launched. As things were selling out. Right away i know game stop. Said they're going to have some units in stock in store a minimum of two of each. But those things are gonna go so fast these are like some of the hardest things that people can try to get this time around. I would say both the ps five and maybe to a slightly lesser extent. The xbox series x are the must have. That's the hot ticket. If you can find one kudos and if you find people are flipping it on ebay and taking advantage of the supply and demand thing and charging you know well over a grand for these solo if you can find one then you're lucky i don't know if it's the pandemic because we're cooped up at home working quarantining here and video games are going to help not just to keep you entertained but also to keep you in touch with your friends and as we all chat in fact you may not know that the new. Ps five controller the dual sense controller. As it's called has a built in microphone now so you don't even have to buy a separate headset. you can actually chat through the controller itself as it has a microphone and a speaker see. These are the hot ones to get. So if you're finding everywheres is sold out as the old adage says the early bird gets the worm if you call your local retailer local walmart or what have you and you keep hounding them and you keep pushing and talking to people. Someone's gonna say eventually. Yeah we're getting. We're getting three more in today at six or whatever so you may have to do it in person know while practicing social distancing or maybe you'll get some luck online if you can find one mark every year. We put out a list of some very helpful apps that could get you through the shopping season. Can you run down. A few of those words please. Yeah couple all of these ones by the way our apps websites and browser extensions though you install it once and they'll keep an eye on where you're shopping and apply coupons and in other deals at the checkout time so one of my favorites is slick deals. This is a community based site that is like the world's largest community of deal hunters like twelve million members. And what happens is someone will post a deal. They found like hey. I found seventy five inch samsung tv for eleven hundred dollars at this retailer and then others vote on that. They do their own homework. And it's kinda like safety in numbers and they vet does deal and it gets voted upon and may be lands on the on the homepage. So this is a great site for whatever you're buying and again that browser extension which works with chrome edge and fire. Fox will also keep a lookout for you so slick deals as greats like a huge bulletin board where people are sharing the deals that they found on a right now and i'm seeing like an apple watch at walmart for eighty dollars off one hundred sixty nine bucks for the series three and it tells you when the deal starts in what website to go to and people can give it a thumbs up and all that another great site is flip l. i. Double p this is more about retail shopping. And this is an app that you have on your phone that gets all of those circulars that you get all those ads that usually paper in your in our house every thursday wrapped up in a big. You know elastic band kind of thing. And it's like instead of doing that and getting newsprint on your hands all digitize in one place it will call out the best deals per store you can of course search for something that you want to buy. You can share those deals. You can apply coupons at hold your loyalty and rewards cards so flip is a great retail to have on your phone and then one more is a raccoon. These be called e bates. This is where you get money back on your purchases. So when you're shopping at a retailer you start at the raccoon website or started the app and then they share back that sort of commission they would get referrals commission. They share some of that back to you. So every three months you can get a pay pal deposit or a check based percentage of what you're shopping and there's over like twenty five hundred retailers that are on board so it's going to vary between stores but they're saying this time of year it could be up to forty percent while you're shopping. That's on the high end.
What Will the World Look Like When Crytpo Is Fully Adopted?
"What do you think the world will look like. Once crypto has been adopted. There's there's two sort of visions. I think i don't maybe we can just be honest ourselves. Sometimes i worry about the vision. We have for currency so aware. I started and i have a lot of respect for jeremy in the team at circle. Because back when i was in grad slow boston actually used circle to violate quinlan. So kudos huge you. Jeremy you saved me from my days for buying the clan on craigslist in using fan. So i could do how well yeah. So you obsolete neat stack my my sats. The early days of the coin The i think they're sort of two visions and they're two very different visions the vision. I've always had for bitcoin that i think. Really compelling one is the separation for the first time of money and state. Money has been object of the state since julius caesar stamped his face on a gold coin and i think really the experiment. We're attempting here like the world is no longer defined by physical orders. We live in a very digital world. Anyone could be anyone on. The internet has many different identities many different communities where part of sometimes as our default reality south. Sometimes where donnas you know there are a lot of eggs anonymous individuals citing. We live in this really interesting world that is truly becoming borderless antony. Bitcoin really represents the evolution of money transfer value in that world. But in the same time. I think governments are looking at bitcoin Right now we're living in a world where governments are trying to ban math. They're literally encryption. We done this time and time again. For the last twenty five years since incriptions existed but the advent of central bank digital currencies. In certainly what. We've seen in the asia pacific region in particular the advent of dc p. and Sort of national quote unquote digital currencies. You do have a lot of concerns around the ability for people to have financial privacy. Privacy transactions privacy communications so we have these two very different paths down which we're heading. I don't know if they're gonna coexist. Don't know if it's going to be an ethic collision and i know jeremy also you know than working a lot on uscc which which arguably has replay here. But i think the future of joe currencies in our society is sort of at this. Very interesting impasse. I want bitcoin to exist. Ideally people have the right to privacy that people have the right to sue committee in their transactions. But i think governments certainly do not like that and are advocating now for the antithesis of that which is central bank digital currencies and monetary systems that. Give them complete control the ability to exert financial censorship at every level of society. Driving up tacit. Tiv know early. There's so much there. I i guess i it just as a technologist The to the question of you know. When will this be mainstream or however you wanna call that my view is that you know. Things are mainstream in terms of technology when they disappear when they're invisible people and and when when essentially like people just take take them for granted right and said depending on your age and depending on where you are like. You might take for granted social media. But obviously that wasn't something that existed Wherever x. number of years ago you might take for granted that you have this amazing you know Supercomputer that just like that is reality. That is what the world was but obviously that had changed so at. What point is the use of crypto so ubiquitous and so embedded in so many things that we just take it for granted so were were. We have credited ago on that. But i think we're making really really strong progress. I think when. I also think about that question. I really think about Crypto and blockchain Is is. It's a pretty broad surface area right. You can be narrowly focused and sort of say there's non-sovereign stores value that use of blockchain infrastructure. You know bitcoin cash you know cetera et cetera which i completely agree with melting right. There's this this is this new form of borderless internet money and it will continue to grow and scale. And i'm i'm quite quite optimistic about that. But then there's the the fundamentals of the broader technology right so you know public chain infrastructure as effectively a new operating system layer on the internet. A new set of systems for storing data conducting transactions and executing code. That's what operates systems can help. Do these new operating system layers are very very general purpose in many respects there well suited to what i call fiduciary trust applications but can also be you know i. I was in a hackathon panel with melting the other day and we are looking at someone who built a decentralized messaging application on top of salona. The point being anti-centralized fantasy football fans in so digital games. You know messaging applications all these things on decentralized infrastructure web three cetera. Like that part of this is also a very very important part of this and so and you know something like stable coins like regulated stable coins like a us dc or potentially libra like these. These are also like apps that run on this new operating systems and could be quite popular. And so i think in terms of the question of when does that become mainstream. I think we're really close there. I think in the next twelve to twenty four months many of the most popular digital wallet products in the world that are used that we think of unused like as peer payments. And things like that. They're gonna turn on these protocols they're gonna turn these on and you're going to have you know all of a sudden hundreds of millions of people that can make interoperable payments at each other and that will kind of be in the background. That will be invisible. You'll you'll just you won't be trapped in making payments to people who then mo you'll be able to make payments between van mo and square cash and pay pal and swish in sweden and vips in norway. And you know go around the world to all these different apps. They're all going to speak. These common protocols in i think that's a a mainstream phase in digital currency. That's that's coming. I think ultimately that same number of people who might feel okay like i'm using euros or dollars or whatnot feeling comfortable using bitcoin that will grow to and eventually i would expect billions of people will will wanna use bitcoin to
Chad Cascarilla on Paxos's Partnership With PayPal
"Today's guest is chad cast guerrillas ceo and co founder of paxos. Welcome chad i read to be here. Thanks for having me. Laura so today being thursday not the out a it was announced that all people users can now buy hold and sell cryptocurrencies. And your company. Paxos is partner enabling this service behind the scenes. Congratulations what exactly is doing with paypal. Yeah this is very exciting. Partnership for both ourselves i think for really the entire trip though ecosystem and so we are offering a crypto brokered service. And what this allows is any anybody really to come in and have a turnkey solution to be able to offer crypto to their customers and so very specifically in the case of a pay pal were in the background. has the custodian and liquidity provider for them to be able to offer a trip to their us customers and the crypto services. Our bitcoin theory m bitcoin cash and liking and We actually offer a very similar service for revolut others and so this is something that we're increasingly seeing. Many different firm talked to take up Which is how can we offer crypto to our customers. We do it in a trustworthy away at queen do it very quickly and then we can have a deep relationship with our customers. We can acquire new customers and really we can be part of this ecosystem which i think is very exciting and very dynamic which historically Been a kind of just an early adopter ecosystem. And i think is it's really going through a fait shift now and i think that's what we're doing with pay pal and what we're going to do more broadly for the whole ecosystem and so how does a small company like says convince a more than two hundred billion dollar company like pay pal to partner with it. Yes well that is a great question because we spent probably the last seven or eight years position ourselves exactly for this type of partnership and so we have a really positioned ourselves as financial market infrastructure. And so that means Really in more common terms a regulated platform and regulated platform is something that maybe isn't as needed in the early stages of a industries development. Because you tend to have a full stack solutions that are offered on the other hand as you become more mature as as an industry you need platforms where people don't have to build everything themselves where they can come in and they can leverage other people's know-how and technology and that's what we've done and so ultimately as a regulated platform. We've built a regulatory stack and that includes being the first company to be approved as a trust company in the state of new york to operating crypto blockchain. That was in may of two thousand fifteen cerna working on that in twenty twelve some some time ago Really very early days There wasn't even a theory at the time we started working on the trust company. And the reason we did that is because we believe that Not just crypto but crypto on blockchain would be able to transform financial services in that you would need an infrastructure layer and so he built the trust company and the first one. We predated the bit license. That's how long ago this was and then we went and got a number of other firsts. So he built. Give an example. We have access to the federal reserve national settlement system or a full member of swift. We have a no action letter from the sec. So we have all these things and we have plus more and more on first and all of these things and Doing that really set us up because we were asking for permission now for forgiveness and also because we set ourselves up as infrastructure. We're not trying to acquire twenty or thirty or fifty million retail customers. We're not even really trying to acquire an institutional customers. Our goal is to be a beauty. Your beauty to see company and so that's exactly what firms need who want to be able to come in have infrastructure provider to the relying on that they can trust but also one. That's not going to compete with them. I remember interviewing you in two thousand fifteen about that new york state trust charter and the time understanding it with significant in some respect but also not understanding why it would be useful so you briefly mention. The pax crypto brokerage. Which is that service that you charge you. Can you just describe how it works on the back end. Yeah definitely and i do remember that fifteen conversation it you know. It's it's amazing that it's already been five years. It feels like it was yesterday five and a half years in some ways. We're just ahead of our time a little bit. And but we really believes that. crypto blockchain. And we still believe are going to change the financial system that they're going to re platform the financial system. And that doesn't mean you don't need regulation and that's what that's always been these. You need to be regulated in order to be able to create a trustworthy ecosystem but at the same time. There's a moment in time when that becomes really relevant. And i think that's when there's just face shift from dr to mainstream which i think is exactly what we're undergoing right now. So it's it's just an exciting moment for us To be a part of that. Because ultimately i think that's what got us all excited about crypto and blockchain. Wow you could actually change everything and You it wasn't meant to just be a small community. Want to be some really big. And i think that's the moment we have right now. So that's something we're proud to be a part of and so for the brokerage how it works on the back end. Yes so the way. We have the triple brokerage work is. It's api based so anyone can come in. And they can plug their systems into ours. We offer custodial services we offer liquidity services. They can buy and sell their crypto on behalf of their customers our customers can directly. And you can integrate with us in actually a couple of different ways and we allow you to basically choose your own adventure with the api's and we did this deliberately. So we have some customers where they might not have licenses to be able to operate in the us they can have their customers actually be housed sit with impacts us and it'd be what we call third party integration and so we have customers they sit inside of us now the The partner their customers don't know that they're actually sitting inside paxos. Unless you read the fine print you would know if you'd looked but they're able to keep that relationship and so we're providing them with a regulatory umbrella as well as the custodial and liquidity benefits and then you have other customers where They're highly regulated example. Be paid bail but They are actually housing. There conditional bet license inside paxos and so that was part of the press release and so we're really proud. That was the first conditional bet license that was created is what you need to be able to operate in the state of new york If you're not a bank and so they Were able to a seat receive a conditional license and we provided the regulatory umbrella for that to be able to be housed and again we're providing custodial in liquidity services to them now. Of course you can have a bank. That would come in. And they wouldn't necessarily need any of our a regulatory umbrella to operate at all but they still want to regulate a custodian and they still want a safe acquitted pool. And so that's really what we're bringing here is different models for different types of firms. You could be a fantastic technology company. You could be a banked could be a broker and we have different ways of being able to allow you to integrate seamlessly turnkey way. Turn on buy sell. Hold senate receive as you would like you can kinda choose that part of the adventure to but
Twitter names 7 outlets to call election results
"Keep track of its inventory walmart partnered with bossa nova robotics five years ago to gradually add these six tall inventory scanning machines to stores but reportedly walmart ended the partnership because found that human workers yielded similar results and some in-store shoppers weren't crazy about the robots. Pay pal said it. Processed record two hundred
"pay pal" Discussed on Daily Tech News Show
"Hold not just bitcoin but also a theorem bitcoin cash, which is a different cryptocurrency that split off of Bitcoin and another cryptocurrency called light coin those four to start with they're partnering with a company called Paxos to do the wallet. Management. For all of these features buying and selling, we'll roll out in the US this month with the ability to fund your purchases coming in early two, thousand, twenty one. So right now once it shows up in your pay pal account, you'll be able. To Buy Bitcoin you'll be able to send bitcoin to your friends but in early twenty, twenty one, you'll be able to actually use them to check out at Pay Pal, which includes twenty, six, million pay pal merchants. Now, you would use your bitcoin for the purchase, but it would be converted into dollars or euros or whatever local currency to give to the merchants. So the merchant would never see the bitcoin they would just get the money in the local Fiat currency as it's called that eventually cost you a conversion fee as you convert your bitcoin into the local currency. Those fees are laid out around a few percent depending on how much the amount is and pay. Paul will expand the features, Divan Mo and other countries in the first half of twenty twenty one. However, if you're converting bitcoin into cash right now, which you can't do with merchants, you could just do in your own account they're going to waive those fees early twenty twenty. One. Oh. bitcoins price jumped eight percent to almost break thirteen thousand dollars its highest point since July of last year when I was GonNa say, that's a lot. So really well, you're what you've described and we've gotten a little more sensitive since we talked about it on our morning show this morning. It's like any other currency transfer right now if I want to send money to a Canadian. Or pay for a Canadian product or European or whatever. I do that with pay pal as far as it's concerned Miandad's dollars going out and they're getting euros or pounds or Canadian dollars whatever happens to be this is that just bitcoin is the money you have in your account and you're paying for items and they still get those currencies those denomination that's the way it will work next year once races all up and running you can have you know to Bitcoin and your account which right now it'd be twenty, six, thousand dollars that'd be quite a lot of money..
"pay pal" Discussed on Daily Tech News Show
"Hold not just bitcoin but also a theorem bitcoin cash, which is a different cryptocurrency that split off of Bitcoin and another cryptocurrency called light coin those four to start with they're partnering with a company called Paxos to do the Wallet Management for all of these features buying and selling. We'll roll out in the US this month with the ability to fund your purchases coming in early two, thousand, twenty one. So right now once it shows up in your pay pal account, you'll be able. To Buy Bitcoin, you'll be able to send bitcoin to your friends but in early twenty, twenty one, you'll be able to actually use them to check out at Pay Pal, which includes twenty, six, million pay pal merchants. Now, you would use your bitcoin for the purchase, but it would be converted into dollars or euros or whatever local currency to give to the merchants. So the merchant would never see the bitcoin they would just get the money in the local Fiat currency as it's called that eventually cost you a conversion fee as you convert your bitcoin into the local currency. Those fees are laid out there around a few percent depending on how much the amount is and pay Paul will expand the features, Divan Mo and other countries in the first half of twenty twenty one. However, if you're converting bitcoin into cash right now, which you can't do with merchants, you could just do in your own account they're going to waive those fees early twenty twenty one. Oh, wait bitcoins price jumped eight percent to almost break thirteen thousand dollars its highest point since July of last year when I was Gonna say that's a lot. So really well, you're what you've described and we've gotten a little more sensitive since we talked about it on our morning show this morning. It's like any other currency transfer right now if I want to send money to a Canadian. Or, pay for a Canadian product or European or whatever. I do that with pay pal as far as it's concerned Miandad's dollars going out and they're getting euros or pounds or Canadian dollars whatever happens to be this is that just bitcoin is the money you have in your account and you're paying for items and they still get those currencies those denomination that's the way it will work next year once races all up and running you can have you know to Bitcoin and your account which right now it'd be twenty, six, thousand dollars that'd be quite a lot of money..
"pay pal" Discussed on Clark Howard Show
"An ounce of gold. Okay so the deal buying gold is. It's not an investment. It's what's known as a hedge and it is kind of like an insurance policy against bad times. So let's say you buy Golden. It was such a thing to do in. Oh seven Oh eight oh nine in the As a result of the banking scandals that a lot of people lost faith in government and in currencies and the US dollar was one of the targets go bugs and so people felt like they needed to have gold because the the value of it would just stay where it was but the value of dollars and yen and euro and Swiss francs and all that would move up up and down in relation to goal. That was the theory anyway. So the goal bugs ended up having their hedge but not being able to really use it because world currencies did not collapse from the banking scandals. And as far as how you would use it. So let's say an ounce of gold is. I don't know what it is. Let's just say for argument's sake it's a thousand dollars and the US dollar gets into all kinds of trouble then announced the gold becomes worth two thousand dollars. What you do is you convert it at the then rate to use it for Oh It's eleven even thirteen hundred twenty five dollars is actually the right amount. So if you were converting it you would get that amount of whatever money so you were converting it to at its value at that time so one thing I'm not a fan of buying physical gold physical silver physical. Oh precious metals. I believe that you should buy funds that handle the buying the storing and disposing of that. It's far cheaper cheaper way to do it. You don't have to worry about somebody stealing your precious metals I've information at Clark Dot Com. How to do that are Clark Ron Road? And he said thank you you. For advising the use of a dedicated device an email address for online financial transactions. Do you recommend against using that. Same device for other non banking activities such as pay pal online online purchases Pay Pal is tied into your accounts you could use paypal. The whole idea is think only in terms of financial sites and pay pal. I guess would fit that definition. I've never thought of it that way but it would fit so glad..
"pay pal" Discussed on Heartland Newsfeed Radio Network
"Long phrases to memorize just a username and password secure your freedom with edge wallet get it now on apple or android the APP store or at edge dot APP BITCOIN DOT COM has launched a trading platform at local DOT BITCOIN DOT com allowing you to buy or sell bitcoin cash via dozens of paint it methods like Pay Pal then Mo bank deposit remittances or meeting in person with cash there are no requirements to sign up for and use the site and all communications between buyers and sellers are encrypted finally global trading platform that respects your privacy visit local dot bitcoin dot com to get started trading bitcoin cash local DOC Bitcoin Dot com since time began tyrants have taken a that personal liberties now there's a movie that ms pack the government has no more right to tell us what to put in our bodies they have to take our guns or tell us what books we can read six drug police were because it provides them with cushy jobs good benefits and a chance to push people around I was DVD available now at guns and we dot com or on Amazon dot com makes the perfect gift cash via dozens of payment methods like pay pal then Mo bank deposit remittances or meeting in person with cash there are no idea requirements to sign up for and use the site and all communications.
"pay pal" Discussed on Bad Voltage
"He's out and I could understand if you have like repeated violations the somebody gets band, I can understand, for example, what would have been doing about removing Russian spam accounts? And there's no one there just get removed. But if you know for example, language, if you were to get a, if Twitter with the band new just for no reason, given how long you've been on the platform, how long have used it? You had no issues against against you? That'd be weird to me. So, yeah, was not on the Google for pay pal, deleted my Cam. You say, oh yeah, hundreds and hundreds and hundreds of people complaining about this over. Talk about exactly. This pipe could just go. Now we're gonna cut you off. Tell you why will interest new opinion guest off catch Eliah the thing you can do about it because they just company whose services you have chosen to use. And this is tricky because the the capitalists argument, hey, will be, but with fake, go somewhere else, don't use this, blah, blah, blah, blah. They the other side of the viewpoint is the have some kind of government ruling or legislation that deals with that and then gets very wiring complicated. There is no good solution because they're both right and wrong. Right? Because it's very difficult for people to get off Google as an example. Yes. So at an are far beside vote with you, go to the term tive if you're say throne supporting the ROY of the major complete to destroy all the alternative. All right. What's next? So since I seem to be the one constantly banging on about security and privacy, did you see that Krebs on security posted? None of Google's and I did not realize they were up to eighty. Five thousand employees have been fished in at least a full year after the company required all employees to now use the Yuba keys which is high, did say that, yeah, yeah, fascinating to know it. I would be really interested to say an equivalent stat, which is how many of them. Completely screwed up by nobody was in because they lost their UK, oh, flush down toilet by accident, or something. Out of curiosity, do you both use? Doesn't have to be a Ubad just any physical to fade? Not just semester something. Nine physically the device, which is not my phone. Do use SMS please tell me, don't use us. I'm not for a whole bunch of things, but yes, so stained for example, has either stay mapping stoled and so on and so forth. Go, obviously the glad the notification pops up. My. No, you don't have any any known phone physical devices to if I. Nicks is a, you kief some things and us. And then I use. The, what's it called the Google. Indicator by mainly, I mainly use that. So it's the case that the casing, if you get it, if you, you know, it's just it's just another thing to worry about dot swab interested in other brilliant day. When Katie demonstrates I actually case they using. Google? Yes. Yeah. I think these demonstrators that were good. They work. I would just be interested to hear the other side of the story about how many people just had to go home and miss Hoffa die because they forgot they became that one day or something right. Yep, Yep. L. also in terms of the study, I would like to know whether that information came from Google or whether that was independently received because. Because I don't think going to want to say, you know, yeah, people who've been fished. AAC LIZA supposed to eat us to flou- lawyer about it was reported say, there's a difference between them not saying anything. It wasn't. You'll employee Google spoke, but these Pacific Lee said they weren't, which is different. Yeah, not saying yeah, exactly. Exactly..
"pay pal" Discussed on WAFS Biz 1190
"Is pay pal pay pal is in the news today pay pal is going to go after square which i also shares of square down two point six percent let's see how scores doing now i own them both where is down now squares up a half a percent pay pal today is nice move that's a breakout beautiful up three point three percent pay pal is today right american express yesteryear pay pal is borrowing i tzeltal what is is you say well it's the square of europe it has a strong president is settle operates in twelve markets including several in northern europe and mexico it also has a strong presence in the uk so pay pal is extending its reach and getting into the square like transaction business now pay pal hasn't been around that long as a publicly traded company pay pal came public in two thousand and fifteen september of two thousand fifteen people went public at about thirty five dollars a share now it's eighty one dollars and fifty six cents per share pay pals most current most recent quarter they reported earnings up thirty percent and sales up twenty four percent let's just compare that with american express american express has been growing their earnings actually had a good quarter but they've been growing their earnings by four percent per year over the last five years this compares with the high teens at pay pal the stock of paper aisle doesn't have a three year average yet but over the last twelve months pay pal is up let's see pay pal performance it's a fifty seven percent while the market's up fifteen percent it's almost quadrupled the returns of the market over the last twelve months from evaluation point of view i currently have a price target on pay pal of a hundred and fifty four dollars per share the stock is currently trading at eighty one dollars per share pay pal does not pay a dividend it's headquartered in san jose believe it or not pay pal is.
"pay pal" Discussed on Sit and Spin Radio Network
"Fiver which uses pay pal pay pal have so i'm all about it but for some reason apple pay will not upload my new phone number and it's extremely frustrating and i keep saying why is this not working so i don't know i had to give you cash today i don't know yeah i guess i'm gonna have to be in tease the worst i happy into now when i was in germany i found out that they use bank of america so if you have a german bank account you can do free atm with bank of america anyway it doesn't matter it's just frustrating i agree i yeah because i that's the thing the reason why nick owed me money exciting yeah we said this last week but we got tickets for the googood all's dizzy up the girl where they're going to play the album front to back that's the album the hell are big hits like iris slide broadway black balloon dizzy you know there's a lot of great songs in their end so i wanted to get it because i had a membership what their fan club because that's that's me i'm a twelve year old girl and i got the tickets i bought them like you know you just pay me back later and i thought nick was up with the time he's got high technology so he's like yeah all get the money for you and i'm like we were just apple pay me and i'm like sending him hints by texting him an apple pay thing that says pay derek sixty five and he's like we'll let me do that man.
"pay pal" Discussed on KOMO
"Of pay pal holdings and square both down just over one percent space tourism is one step closer after a successful test for virgin galactic unity spacecraft completing its first rocket powered flight in almost four years that's your money now rasa kaye komo news numbers on wall street and the first twenty minutes of trading all of the major indexes are down but they're trying to make a little bit of a comeback they were all down at least a half a percent or more the dow jones average is still down eightyfive points but that's only about a third of a percent drop komo news time six fifty three and coming up here in just about a minute we'll check traffic for you navigation apps they can help us get to where we want to go but sometimes it can also lead you into some dangerous places we get an explanation from abc's with johnson go baxter street los angeles one of the steepest most dangerous residential roads in america i dare devils playground a collision magnet leaving cars in front yards on curbs even upside down so this is kind of been a landing pad for scientists america plane had crashed through my front yard and now after a recent influx in traffic residents have had enough here a lot of screaming screaming fbomb slobby the people who live here say popular navigation apps like ways are sending commuters unfamiliar with the streets thirty two percent grade down there road hoping to avoid traffic the results at times disastrous and the traffic like okay that's one thing but i think the safety concern is what is concerning his whole neighborhood we tried it out cameras rolling can't see a thing one two three four my neck is not long enough at five seconds and then you can see the street again google which owns ways tells abc news our.
"pay pal" Discussed on KGO 810
"Pay pal and he meeting amber herd now what's the problem downs him he's all upset about that iras is it looked like the ilau musk you now all he's not a hair transplant per share that you what i'm saying so he's got a great pr firm what he's got the two because i am nine you know i know how to do his is a multi my joe saying he's got a lot sought there's a lot of money behind him and the money behind him wants him to succeed for one reason other ever unsee that now and it's being done on the backs of people who make minimum wage and can barely afford their p g n e bill to fund wealthy white people mostly your team that's what my first article five years but my first paragraph with the movie a least one musk's future for humanity and not attacked viciously for that but listen to the facts of it again brian carr glad he's pushed electric vehicles forward it's ateret cetera low pay pal doesn't change the fact is being done on the bag of everybody else speaking of driving so there you have destroy us all in the future i for one welcome our future robotic overlords are for greenland in this holiday season as as we were driving the other day did you know so many people were on their cell phones yes aside what those statistics and what they mean our fringe actor jennifer wider joins us jim traffic from the children autobody traffic desk the biggest problem happening right now is in san francisco and this is a gas leak in the area uh glenn park area so it's affecting traffic mission at near baghdad is worth and mary merely buses are being rerouted add murray uh so it's really only affecting muny and died the people that live in that neighborhood no accidents or stalls to overpowed eldest heavy traffic leaving san francisco via the lower deck getting their you'll find yourself down to four lanes on eastbound eighty approaching treasure island and for that reason traffic backed up on two northbound wanna one from vermont street metering lights all greene in the san francisco via the baybridge partly cloudy skies for the rest of today to the little cool but we should have a mild conditions by the afternoon upper 50s to the low 60s listen and engage this is the next generation of hi this is scott hanson popular hanson mcclain's money matters show tune in every saturday at am to hear our unique approach for financial and retirement talk or download our podcast today at hansa mcclain's.
"pay pal" Discussed on All About Android
"Top of i really don't put of it's hard to bury the lead when like the the phone that we've all been waiting for finally gets revealed but we haven't gets hardware news ron hardware is later others exams is tops or speaking of pay pal an android got time bra got thrown off of all of our it's a speaking of android pay listen everyone and can i can atta in canada in connecticut is added like settle a disease sorry if you're in caneda you're going be getting android pay which is rolling out to canada tomorrow there was a leak posted in redacted post in the financial post but the word is out now looks like andrew impey's coming to canada is going have support from mountain most of canada's financial institutions but to very large missions itd canada trust and royal bank of canada as uh which is crazy i don't understand how you can launches without royal bank of canada i mean it's the royal bank of canada uh so we'll see how that goes for you canadian friends other also launched their launch and repay last week in russia a make any jokes and apparently is headed to brazil germany spain and taiwan soon so android pay is on a world tour and one of those stops in the world tour will also be pay pal because paypal has now updated thereafter support android pay and it's actually doing it through a quirky work around worried creates a pay pal discover card for use the android pay and therefore it's only usable were discovers accepted as credit card so as to europay his discover pretty accepted still or it's not all or.