Bullish:

• 🟢 $PYUSD - Discussing the potential of PayPal's stablecoin (PYUSD) and its strategic positioning in the market.
  • “I think that there's going to be always a portion of the population that's going to wanna use Tether... And USDC, you know, big fans of those guys... No one is situated like we are in what we're trying to do here, which is really laser focused on on the payment side.” - Paul (0:00)
  • “When you start off from the base of 400,000,000 users around the world and tens of millions of merchants and two and a half decades of knowledge and, you know, and sort of a regulatory structure in place, I think that's just gonna lift, sort of the stable point marketing.” - Paul (0:00)
  • “The beauty of what stablecoins bring and and sort of what we were thinking about doing here and and why we built this out is that as you reduce some of those intermediaries... that reduces this down from days to a matter of of minutes.” - Paul (0:00)
  • “We feel that this is a way for their interconnection and interoperability of wallets, which leads to again, the main thing that we're concerned with is optionality and choice.” - Paul (0:00)
  • “We think that there's going to be always a portion of the population that's going to wanna use Tether, for a variety of different reasons, and and great. They should have that option. And USDC, you know, big fans of those guys... No one is situated like we are in what we're trying to do here, which is really laser focused on on the payment side.” - Paul (0:00)
  • “We were highly encouraged by those results, which indicated not only that we had a right to be in the space, but it seemed that we we were positioned, to be a leader in the space as well.” - Paul (0:00)
  • “We decided at that time to then build a business unit around what we were doing... We created a business unit called, Blockchain, cryptocurrency, and digital currency or BCDC.” - Paul (0:00)🔒
  • “We have very talented folks here that that are building out some very cool things for ecommerce, for p to p payments, for b to c payments, and that's what we're really focusing on, you know, during that time.” - Paul (0:00)🔒
  • “We did a lot of work to make sure that either whether it's buying Bitcoin or ETH or whether it's, you know, the stable coin, that we had the tools necessary for our compliance teams to be able to do the right monitoring and reporting and risk management and all of that kind of jazz.” - Paul (0:00)🔒
  • “We are the only one that has that regulatory sort of overview of of, you know, limited purpose trust of Paxos, you know, us as a bill as and and the token itself or stablecoin itself. That's going to matter.” - Paul (0:00)🔒
  • “We think there's a lot of value in that. Our focus is on building this, and we want sort of the ecosystem to start developing that.” - Paul (0:00)🔒
  • “We really want to participate in that and help that grow. We really wanna be a good player for the entire industry.” - Paul (0:00)🔒
  • “We have a very good reputation for two and a half decades of being good, you know, good players in the space, the adults, in terms of, you know, responsible innovation, etcetera.” - Paul (0:00)🔒
  • “We want to really solve real world problems and and and sort of fill in those gaps that we think we're uniquely positioned to do.” - Paul (0:00)🔒
  • “We are sort of when you say it's tied to, you know, the Stablecoin tied to Gemini to well, the Stablecoin is tied to PayPal. Right? And Right. We're more than an exchange.” - Paul (0:00)🔒
  • “We have a very, very dedicated group of folks who, who really believe in the things that we've been building.” - Paul (0:00)🔒
  • “We have a very strong culture of compliance here. So we wanted to make sure that we did things, you know, the right way from that perspective and also understanding who our customers were.” - Paul (0:00)🔒
  • “We have a very talented government relations team. They monitor what's happening around the world. We as I said earlier about, you know, what are the benefits of working for PayPal is everybody's willing to speak to.” - Paul (0:00)🔒

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