THE HASH: Mastercard Joins Paxos to Help Banks Offer Crypto Trading; Magic Eden Moves to Optional Royalty Model

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4.7 • 698 Ratings

🗓️ 17 October 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by ZenGo. The most valuable crypto stories for Monday, Oct. 17, 2022. Mastercard (MA) has formed a partnership with crypto trading platform Paxos to offer a program that will help financial institutions offer cryptocurrency trading, the payments company said Monday. Plus, Solana non-fungible token (NFT) mainstay Magic Eden is moving to an optional royalty model, the marketplace said in a Friday night Twitter thread. See also: Mastercard Joins With Paxos to Help Banks Offer Crypto Trading NFT Marketplace Magic Eden Moves to Optional Royalty Model - This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details. 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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0:00.0	This episode is sponsored by Zengo.
0:10.3	This is the hash podcast.
0:12.9	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with
0:18.1	stories that matter to the crypto world, all on the hash for your ears.
0:23.8	You're listening to the Coin Desk Podcast Network.
0:28.9	Hey, welcome to the Hash. Happy Monday. You're here watching us on Coin Desk TV, maybe a bit later.
0:34.5	You're listening to us on the Coin Desk Podcast Network. We appreciate
0:37.8	you either way. I'm Zach. That's Wendy. Jen is over there. Will is here. We're talking about
0:43.6	Kanye in the Satoshi Nakamoto hat. That's not our first story of the day. We're going to do something.
0:48.8	I wish it was. A bit more drab, but also noteworthy and interesting. I'm going to toss it straight to Wendy for some news on MasterCard and Paxos.
0:57.4	What do you got?
0:58.1	Yay, I'm so excited to be back.
0:59.6	And I think we should just do a show on Kanye.
1:01.5	I think that would be awesome because I've got some really hot takes.
1:03.6	Anyways, this is really important news and actually really great for our industry.
1:08.3	And I will explain why. MasterCard joins with Paxos to help banks offer crypto trading.
1:13.9	So they basically want to partner with Paxos and offer crypto, or I guess, a crypto source
1:19.6	program that will help banks offer trading to users, allowing folks to buy, hold, sell
1:24.8	cryptocurrency.
1:25.7	And it also looks like MasterCard is going to deal with
1:29.6	all of the regulatory compliance, provide AML, KYC, identity monitoring services. And the thing
1:37.5	that I think that is great about this is I feel like crypto companies don't necessarily have
	...

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