The podcast discusses how Stripe is embracing crypto, bridging Web 2 and Web 3, PropyKeys revolutionizing home address minting, and Supra offering free price feeds. Topics include stablecoins, UI/UX challenges in crypto space, and the role of crypto in advancing Stripe's mission.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Stripe sees cryptocurrency as a tool to enhance global commerce efficiency and increase GDP of the internet.
Stripe categorizes its cryptocurrency approach into different buckets to support crypto businesses and promote growth within the evolving landscape.
Deep dives
Stripe's Embrace of Cryptocurrency as a Native Tool
Stripe has embraced cryptocurrency as a native tool within its business model rather than viewing it as a competitive element. By integrating crypto, Stripe sees it as enhancing their mission to increase the GDP of the internet by providing a more efficient global commerce platform. Cryptocurrency offers a shift in financial enablement, allowing for faster settlement times, lower fees, and greater payment inclusivity for various regions and currencies.
Exploring Different Buckets of Crypto Technologies at Stripe
Stripe categorizes its approach to cryptocurrency into different buckets based on how well they align with the company's mission. These include enabling crypto-oriented companies with core services, facilitating on-ramping for deeply crypto-native organizations, and developing a global crypto payouts product for marketplaces. Each bucket serves a specific purpose to support crypto businesses and promote their growth within the evolving crypto landscape.
Self-Custody and the Future of Transactions
The trend towards self-custody in crypto transactions is gaining momentum, potentially reshaping the interaction between consumers and merchants. As more users opt for self-custody solutions, companies like Stripe are observing this shift closely, considering the implications for UX design and regulatory compliance. The move towards self-custody reflects a nuanced evolution in how transactions are managed, suggesting a potential reconfiguration of financial interactions in the digital realm.
The Role of Stablecoins in Global Commerce
Stablecoins are playing an increasingly vital role in global commerce, particularly in consumer and merchant transactions. The growing usage of stablecoins signals a shift towards more consumer-centric commerce, opening up new opportunities for widespread adoption and integration. By enabling faster settlements, lower fees, and broader payment options, stablecoins are reshaping the landscape of global transactions, offering a glimpse into the future of digital finance powered by advancements in crypto technology.
John Egan is the Head of Crypto at Stripe. In this conversation, we talk about the crypto industry and how Stripe is interfacing with the technology, what they have been building, how their products work, bridging the gap between Web2 and Web3, stablecoins, and more.
=======================
In this podcast, we dive into the revolutionary concept of PropyKeys, an application that allows anyone to mint home addresses all over the world on blockchain. PropyKeys.com is a part of the Propy ecosystem, that has a grand mission to make homeownership more affordable and user friendly. We will explore the journey of Propy’s founder and how this innovative technology provides benefits for homeowners, and for the real estate industry. Join us as we discuss the Propy’s latest collaborations, including Coinbase, and its new fun project PropyKeys. X (Twitter): @PropyKeys Website: Mint an address at propykeys.com dApp: https://dapp.propy.com/
=======================
Get the freshest price feeds free for 12 months. Join Supra’s early integration program for zero-cost access to the fastest oracles and dVRF across 50+ blockchains: https://supra.com/pomp. Earn $1,500 by referring Web3 projects to use Supra services. The projects get the fastest services for free, and you earn $1,500 for every referral. Learn more at the link above.
=======================
Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/