MARKETS DAILY: Featured Story | Elon, You Don’t Need Crypto to Do Twitter Payments

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 8 July 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

If Musk wants to build an instant cross-border network, he'll find central bank real-time systems have moved on quite a bit since his days at PayPal, says J.P. Koning. Today’s featured story is an opinion piece from J.P. Koning, titled: “Elon, You Don’t Need Crypto to Do Twitter Payments.” This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:59.4	It's Saturday, July 8, 2023, and this is Markets Daily from CoinDesk.
1:02.0	George Kalued is here again with your weekend story.
1:05.0	On today's show, we're talking about crypto and Twitter payments.
1:09.6	And just a reminder, CoinDisc is a new source and does not provide investment advice.
1:22.1	I will be reading a piece by J.P. Koning who runs the Moneyness blog.
1:29.6	The piece is titled, Elon. You don't need crypto to do Twitter payments. You've heard the script before.
1:31.6	Migrants need to make payments back home to their family, but cross-border payments are
1:35.1	achingly slow, taking days the process.
1:38.3	Luckily, revolutionary new technologies like blockchain, stablecoins, and central bank digital
1:43.5	currency, or
1:44.5	CBDCs, are on the verge of speeding things up, or so their advocates claim.
1:51.0	Even Elon Musk has joined in.
	...

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