Tue. 01/05 – US Banks Can Now Issue Stablecoins

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 5 January 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The OCC clears US banks to run crypto nodes and issue stablecoins. Microsoft wants to make One Outlook to rule all your email and calendar apps. Looks like Haven couldn’t solve healthcare. Why haven’t we seen Jack Ma in public for going on two months now? And Singapore says SYKE on that whole, not using Covid tracking data to keep track of citizens. Sponsors: SmartAsset.com/techmeme Links: US regulator: Federally chartered banks can facilitate stablecoin payments, issue their own (The Block) Twitter acquires social podcasting app Breaker, team to help build Twitter Spaces (TechCrunch) Microsoft’s new ‘One Outlook’ app leaks online (The Verge) Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years (CNBC) Kuo: Apple to Unveil AirTags, Augmented Reality Device, and More in 2021 (MacRumors) Alibaba Founder Jack Ma Has Been Missing For 2 Months (ZeroHedge) Singapore police can access COVID-19 contact tracing data for criminal investigations (ZDNet) Dell built a range of monitors for video conferencing (Engadget) Dell's new Latitude 9000 laptops feature an automatic webcam shutter (Engadget) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Ride Home for Tuesday, January 5th, 2020. I'm Brian McCullough.
0:08.6	Today, the OCC clears U.S. banks to run crypto nodes and issue stable coins.
0:15.0	Microsoft wants to make one outlook to rule all your email and calendar apps.
0:19.5	Looks like Haven couldn't solve health care.
0:22.0	Why haven't we seen Jack Ma in public for going on two
0:24.8	months now? And Singapore says, psych, on that whole not using COVID tracking data to
0:30.9	keep track of citizens.
0:33.0	Here's what you miss today in the world of tech.
0:37.8	One thing we missed talking about over the holiday break
0:40.8	was that Bitcoin has soared above the $30,000 mark for the first time,
0:47.0	currently sitting at $32,000 a coin as I type this.
0:51.2	And look, it continues to be an exciting time for crypto.
0:54.1	Other coins have been rallying lately and now the US Office of the
0:59.6	Comptroller of the currency or OCC has announced that banks and savings associations
1:05.3	can now run crypto nodes and use associated stable coins for what it calls
1:10.9	permissible payment activities
1:13.0	quoting the block.
1:15.0	This means banks can use public blockchains to validate store, record, and settle
1:20.1	payment transactions as long as they're compliant with existing laws.
1:24.0	It also specifically mentions the use of stable coins for transactions saying
1:28.2	blockchain networks can mitigate costs for cross-border transactions as a quote cheaper faster and more efficient means of
1:34.7	payment for that reason it's empowering banks to utilize blockchains and their
	...

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