Ep. 247 - Spending vs. Saving Crypto with Paxos and TokenCard

CRYPTO 101

Bryce Paul & Brendan Viehman

Business News, Business, Tech News, Investing, News

4.3 • 841 Ratings

🗓️ 8 July 2019

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Show hosts Bryce Paul and @PizzaMind introduce Paxos CEO Charles Cascarilla to discuss traditional institutions and revolutionizing the world of stablecoins. We then speak with Mel Gelderman, CEO and co-founder of TokenCard to learn about spending crypto everyday, everywhere! Guest Links: https://twitter.com/PaxosGlobal https://twitter.com/PaxosStandard https://twitter.com/tokencard_io https://tokencard.io/ Show Links: CRYPTO101podcast.com iTunes: https://podcasts.apple.com/us/podcast/crypto-101/id1262351840?mt=2 Patreon: https://www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod twitter.com/BrycePaul101 https://www.instagram.com/crypto_101 https://twitter.com/PizzaMind ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ♫Music By♫ ●Marcus D - Mantra ●Song - https://youtu.be/rWbH8ohnpaQ ●Follow Marcus D - https://www.bassrebels.co.uk/MarcusD ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved Our Sponsors: * Check out Mars Men and use my code Mengotomars.com for a great deal: https://mengotomars.com * Check out Mars Men: https://mengotomars.com * Check out NPR: https://npr.org * Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com * Check out Scribe and use my code Scribe.how/CRYPTO101 for a great deal: https://scribe.com/Crypto101 * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Hey, what's up, guys? It's Pizza Mine.
0:01.8	This is Bryce here, and today we got Paxos and token card.
0:06.2	We're going to give you the 101 on what the heck is going on.
0:10.1	We're managing thrust here today at Crypto 101 and going right into a safe landing with a stable coin.
0:16.1	Yes. Pax is a super interesting stable coin run by the Paxos financial institution, one of the first financial institutions to actually gain the status of a trust company in New York after the financial crisis.
0:29.0	These guys are OG as an original gangster as in from the ground up.
0:33.5	These guys built a lot of the infrastructure, including it bit the exchange.
0:37.0	Exactly, including it bit the exchange, which is one of the most reputable exchanges in the business.
0:41.7	They've got a whole super robust custody arm for other financial institutions.
0:45.9	What is custody at a high level?
0:47.2	It's basically insurance and a third party to store and manage the safety of your crypto assets.
0:53.7	And it's something that certain
0:54.8	institutions require that they don't actually hold the assets and also trade them. So you'll need
1:00.7	a custodian. So they're going to get all into that. And our other guest is token card. What do you
1:04.8	know about token card? I know that I can allegedly buy stuff with their card when their product's built.
1:10.6	All right.
1:11.0	Yeah.
1:11.3	Basically what token card is that you could spend your crypto anywhere.
1:14.1	And the implications are super far reaching.
1:16.8	But the question is like, do you really want to spend your crypto?
1:19.2	That's the question I get asked the most.
1:20.9	Like, why would you want to spend your crypto?
	...

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