BREAKDOWN: What We Learned About PayPal's Crypto Strategy This Week
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 February 2021
⏱️ 14 minutes
🧾️ Download transcript
Summary
Insights from PayPal’s first quarterly earnings report since launching crypto services.
This episode is sponsored by Nexo.io.
Today on the Brief:
- Elon Musk back to DOGE trolling
- Bank of England says to prepare for negative interest rates
- Janet Yellen on “Good Morning America” discussing retail investors
Our main discussion: What did we learn about PayPal’s crypto strategy from its quarterly earnings report?
In this episode, NLW breaks down:
- How PayPal’s perspective on crypto evolved
- What we learned about the success of its offering in Q4 2020
- What’s next for crypto at PayPal in 2021
- Why its biggest play is squarely focused on central bank digital currencies
-
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
-
Image credit: Manuel Blondeau/Corbis via Getty Images
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What you see here is clearly how PayPal is starting to position itself. |
| 0:05.0 | They want to be the company, I believe, that shows that this new type of digital currency |
| 0:11.0 | can and does have a role to play in payments. |
| 0:14.0 | And part of the reason that they want to do that is because when central banks decide that |
| 0:18.0 | they want to go all in on versions of digital fiat, PayPal wants to be there waiting and ready to help them. |
| 0:25.6 | Welcome back to The Breakdown with me, NLW. |
| 0:29.8 | It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world. |
| 0:36.6 | The Breakdown is sponsored by nexo.io and produced and distributed by CoinDesk. |
| 0:43.2 | What's going on, guys? It is Thursday, February 4th, and today we are talking about what we |
| 0:48.9 | learned about PayPal's crypto strategy this week. First up, however, let's do the brief. First on the brief today, |
| 0:56.8 | Elon Musk is back to trolling everyone. Two days ago, he said he was going off Twitter for a while, |
| 1:03.0 | but instead of that, he started meaming hard on Doge. He tweeted first Doge as a follow-up to a |
| 1:09.6 | SpaceX photo, then you're Welcome with an image of him |
| 1:12.5 | as Rafiki from the Lion King, holding up, as you would imagine, a Simba Doge. The Your Welcome was in response |
| 1:19.3 | to the price going up. He followed this up with Dogecoin is the people's crypto, and then no highs, |
| 1:25.7 | no lows, only Doge. On and on it went, and of course, |
| 1:29.8 | the price is up something like 50% today, lull. I'm completely convinced that Elon is just |
| 1:35.6 | complicated performance art to remind us to not take things so seriously. Next up on the brief today, |
| 1:41.6 | the Bank of England says prepare for negative interest rates. |
| 1:46.2 | When we think of interest rates, we think of something positive, right? If you park your money |
| 1:50.3 | in some type of account, you get money back. That's how it's been for a very long time. Well, |
| 1:55.1 | as it stands, a huge amount of global sovereign debt, some $17 trillion, is actually negative yielding. This means |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.