Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto, and digital currencies, discusses PayPal’s crypto game plan, how CBDCs might be implemented, crypto regulations, and more. Show highlights:

Jose’s path to becoming the GM of blockchain, crypto, and digital currencies at PayPal
what factors led to PayPal’s decision to launch its crypto offering
what sort of customer makes up PayPal’s crypto demographic
how users are engaging with the various PayPal crypto services, like crypto-rewards cards
whether the introduction of crypto had anything to do with Venmo’s 36% jump in volume during Q3 2021
how PayPal interacts with Paxos on the backend to settle crypto transactions
why Jose thinks PayPal has decided to not add cryptocurrency to its balance sheet
how crypto transactions work within PayPal’s internal ledger and how that might change once PayPal launches support for withdrawals off-platform
the three types of directions that Jose believes stablecoins and CBDCs could be built
what solutions would need to be built before PayPal would consider issuing its own stablecoin
what scaling technologies, be it L1 or L2, PayPal is interested in
whether stablecoins and CBDCs can/will co-exist
Jose’s thoughts on how long it will be before CBDCs are being issued
why Jose thinks that new regulation might be necessary for cryptocurrencies
whether PayPal will be participating in decentralized activities, such as on-chain governance
why Jose thinks that PayPal’s crypto offering could help improve financial inclusion -- especially for smaller companies
why Jose and PayPal are excited about NFTs
how PayPal will decide to support new cryptocurrencies on its platform
what Jose thinks PayPal’s crypto offering could look like in the future

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Episode Links

Jose Fernandez da Ponte

LinkedIn: https://www.linkedin.com/in/jose-fernandez-da-ponte-a46ba81/

PayPal Crypto Basics

Homepage:
https://www.paypal.com/us/digital-wallet/manage-money/crypto
FAQs:
https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398
https://www.paypal.com/us/smarthelp/topic/MY_WALLET_PER
Terms + Conditions:
https://www.paypal.com/us/webapps/mpp/ua/cryptocurrencies-tnc
Venmo Crypto:
https://venmo.com/about/crypto/

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