THE HASH: PayPal Expands Crypto Push, and New Research Unearths Insights Into Bitcoin’s Early Days
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 June 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, June 7, 2022.
PayPal is allowing U.S. users to transfer their digital assets off its platform to other wallets and exchanges for the first time. Plus, "The Hash" discusses a new academic paper about Bitcoin's formative years.
This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.3 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, |
| 0:14.1 | with stories that matter to the crypto world, all on the hash for your ears. |
| 0:19.9 | You're listening to the Coin Desk Podcast Network. |
| 0:24.6 | Hey there. Welcome to the show today. You're watching The Hash here on CoinDest TV. |
| 0:28.7 | I'm Zach Seward. We have Sandhli Honda Gama and George Kulutis. George, looking lovely. Your hair is amazing, sir. Thank you for being here with such lovely hair. All right, we're going |
| 0:39.5 | right into things. Yeah. Oh, yeah. He's down in Austin, folks. He is gearing up for the big consensus |
| 0:45.5 | event. More on that later. First to the news. All right, PayPal Crypto, which rolled out its |
| 0:50.3 | crypto service back in 2020. It's finally rolling out the functionality for folks who buy crypto |
| 0:56.0 | on the giant fintech platform to send those coins to external wallets or other exchanges. |
| 1:03.0 | Interesting move here representing PayPal's further adventures in crypto land, something we've |
| 1:09.0 | seen other fintechs pursue after rolling out highly |
| 1:11.5 | custodial crypto services. |
| 1:13.7 | So Annali, I'm going to toss us to you for your initial thoughts on this PayPal development. |
| 1:17.3 | Thanks. |
| 1:17.7 | Yeah. |
| 1:18.0 | This is quite exciting. |
| 1:20.0 | But the thing that stood up to me was this one quote where it says, we want people on our |
| 1:24.5 | platform acquiring digital currencies to be able to then use them to do something. |
| 1:29.3 | Yeah, that sounds about right. I think it was big of PayPal to intro, the buy, sell and hold. |
| 1:36.3 | When they first came into crypto, it was such a big deal and it moved markets and everyone's so excited. |
| 1:43.3 | But this move is essential if you want to actually do anything with your crypto. |
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