BREAKDOWN: PayPal Opens Crypto Payments for Millions of Merchants
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 March 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
The old canard that you can’t buy coffee with bitcoin is less true than ever as PayPal rolls out crypto checkout for 29 million merchants.
This episode is sponsored by Nexo.io and Casper.
Today on the Brief:
- BTC micro futures coming to CME
- Michael Jordan is now an NFT investor
- Bitcoin doesn’t care about Treasury yields
Our main discussion: PayPal has begun rolling out its crypto checkout tools to millions of merchants. NLW breaks down:
- Why payments for day-to-day items have been historically deprioritized for Bitcoin and Ethereum
- Why the PayPal checkout tools are unlikely to shift the primary use case from store of value style functions to medium of exchange
- Why the liquidity and utility PayPal crypto checkout creates still adds significant value to these crypto assets
-
Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.
-
Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.
-
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Transcript
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| 0:49.8 | Even believing that these things are not the core reasons that these assets have and will have value. |
| 0:55.4 | I believe that the ease of liquid conversion into the normal economy does increase marginally their |
| 1:01.2 | value. Think about it like this. Imagine you could effectively sell a part of your house to be |
| 1:05.7 | able to buy something important right now with no delays. Would that increase the value of your |
| 1:09.9 | house? Yes, I believe it would. |
| 1:12.3 | Because it's not just value in the abstract or in the long term. It's not just the equity. |
| 1:16.5 | It's the liquidity and utility of that value that can matter in the short term. |
| 1:21.4 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts |
| 1:29.5 | remaking our world. The breakdown is sponsored by nexo.io and Casper and produced and distributed |
| 1:36.4 | by CoinDesk. What's going on, guys? It is Tuesday, March 30th, and today we are talking about |
| 1:43.3 | PayPal opening crypto payments for |
| 1:45.6 | millions of merchants. First up, however, let's do the brief. First on the brief today, |
... |
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