🚨BIG CRYPTO NEWS! Visa Tokenization, PayPal PYUSD, Coinbase to Delist Tether USDT!

your host, Tony Edward. On your way in. Please sit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks. Big news. Visa has launched its tokenized asset sandbox to promote blockchain integration. Folks.

We continue to see the biggest firms and financial institutions in the world embracing crypto, using it in one way or the other, launching financial products such as ETFs tokening on these public blockchains. So there was a movement to have permission private blockchains used, but the public continue to be the ones that work very well. So let me give it to details. Visa has released a product to help financial institutions issue Fiat back tokens on blockchain networks.

The Visa Tognized Asset Platform VTAP, the company announced on Thursday, October third, is available on Visa's development platform to allow its banking partners to create an experiment with their own fiat back tokens in a VTAP sandbox. So it sounds like these banks will be able to create their own stable coins and possibly CBDCs. We don't have all the

details on if they are able to do that. So the effort will employ the company's expertise in technologies like smart contracts to let banks issue and transfer Fiat back tokens over blockchain networks. Visa has been at the forefront of digital payments for nearly sixty years, and with the introduction of VTAP, we are once again setting the pace for the industry. Vanessa Colela, Visas head of Innovation and Digital Partnership, said in the release. So, folks, it's what

we've been talking about for years. We're headed to the token economy. Everything running on the blockchains, even your traditional assets. But that these companies better wake up or they will have their Blockbuster moment. You either innovate and adapt to the technology or you die. Right, we saw what happened with Blockbuster and Netflix, and there are many other examples where Amazon disrupted other companies and so forth. So you

have to keep up with the technology. Disruptive technology always wins. So it's incredible that these legacy payment and financial institutions are jumping all in and they have to, guys, if they want to stay relevant, they want to stay in business, they have to. So here are some more quotes. There's a growing ecosystem where tokenized real world assets are being issued across multiple permission and public blockchains. The company said.

Visas vision is to enable interoperability across different blockchains for banks using the VTAP platform. So primarily we're hearing that they are going to be using Ethereum, I'm not sure if they're going to expand to other blockchains. Most likely they will because the future it will be a multi chain world. There will be interoperability. And look, this is why you want to have ETH in your portfolio. And

I personally holy ETH. You know, obviously not financial advice, but the point is you're seeing ETH getting massive adoption now moving ahead, we got some more big tokenization news. So the CFDC subcommittee sends up recommendations for letting firms use tokenized shares as collateral, so this is really big. A vote was passed on Tuesday to move recommendations on the use of tokenized shares of money market funds to

a larger body. A subcommittee of the CFTC moved its recommendations to the full committee, but the recommendations are not yet known, so this will of course impact the likes of black Rock and Franklin Templeton and all the big institutions. Obviously, black Rocks tokenized fund is the largest. I think it's over five hundred million dollars now, so incredible stuff. But as you can see the guardrails ever being put into

place here. The clarity that's needed for these big institutions to continue to build and use tokenized assets is unfolding here. And remember black Rock is tokenizing on etherm Franklin Templeton I believe they're using Stellar and some other blockchains. I actually met Sandy call who I interviewed on the podcast. She's the head of digital assets at Franklin Templeton. I met her at MAInet this week and I'm going to try to get her back on to learn more about

what they're doing. But folks, I hope you see what's happening here. The biggest institutions building, the government is now looking to enact clear regulations and guardrails, and this is the future. I know it doesn't happen overnight. I know we get impatient because we're looking at the price. But you can't just look at price because price will follow the adoption in the building. So you have to look

at the market holistically. If you're only looking at price, you're going to fail as an investor because price can be affected by a number of variables, you know, depending on what's happening in the world, macro factors, with the ad cutting raids, what part of the money printing cycler are we in? Are we in quantitative titan or quantitative easing?

So you have to look at this thing holistically. And that's why I try to bring you these facts and the adoption news because as we get more clarity, as we get more adoption and building, it's all going to drive up the value of these blockchain networks, the public ones, and if you're holding the native token you will of course benefit, so really big news. Now here's some more big news. PayPal executes first business transaction using its pyus

the stable coin. This is really big, folks, and even Coinbase highlighted this because Coinbase they help facilitate this transaction. So here are the details. PayPal completed its first business transaction using the pyus the stable coin, when the digital payments firm paid an invoice to accounting giant Ernst and Young. That's e Y, the silicon value based company is trying to demonstrate the ease of using its proprietary stable coin for commercial transactions. So Ernest and Young is one of

the top four accounting firms in the world. I hope you see what's happening here in PayPal, of course, is a massive payments giant. Now heads up. I will be interviewing the head of blockchain at EY very soon, so I'm going to bring you these exclusive interviews folks, and I'm trying to get someone from PayPal on the podcast

as well to talk about their crypto initiatives. And coin based Institutional tweeted out about this, saying PayPal, EY and SAP are collaborating with coinbas to streamline B to B payments. PayPal recently used stable coins to pay EY invoices, trusting in SAP's new digital currency hub for execution and coinbase Prime for secure custody. So once again I'll get all the details from Ey's head of blockchain, Paul Brody actually, and he was at MAInet this week as well. Guys.

I am blown away by the caliber of enterprise companies that are getting involved with crypto in one way or the other. And this is a clear adoption that's going to continue to grow, and stable coins are going to be a big part of what's happening. And I know stable coins there's not much to invest in there, but it goes back to the blockchain, right, which blockchains are using and are you holding the native token? Now? On

that note, I shared a bit of this news. I think it was earlier this week or last week, but Swift is starting to ramp up their efforts and working with different banks and institutions around the world in using cryptocurrencies and blockchains, so they continue to tweet out news here. They said live trials of digital asset transactions on Swift to start in twenty twenty five, so things are heating up globally in different industries, and the biggest companies and

enterprises as mentioned are here, so it's really exciting. Now A great place where you can buy eth and other all coins and bitcoin and so forth is on Gemini, which is a great crypto exchange. They have a ton of products. They have a fully functional exchange with an app, they have staking, they have a credit card, they have

a stable coin called Gemini Dollar. They have a web three creative studio, nifty Gateway, and Folks, if you sign up with Gemini and you trade one hundred dollars in bitcoin, you can get fifteen dollars in bitcoin for free if you use my link and my code link will be in the description. So check out Gemini and it's a platform might been using for years, so I can vouch for them. Now moving ahead, many of you know that

the EU passcrypto regulations. I think it's called MICA, and part of that is some strict regulations around stable coins and reserves. Well, a coinbase is getting ready to do list Tether in the EU along with other stable coins. We don't have all the details on what those other stable coins are, but just note that this is a delisting just in the EU, not in the United States and other parts of the world. I'm not saying that couldn't happen later on, but right now it's just to EU,

so things are being put into place here. My thoughts though is that Tether will eventually get this together and they'll probably be relisted at some point, but right now they're not being listed here. So we'll see what happens as we head into twenty twenty five. But this is

a big update. If you're into Europe, you are not going to be able to access Tether, which is obviously super beneficial for the folks at Circle who issue us DC and possibly Ripples stable cooin or l USDN obviously paypals Py USDs, so the stable coin wars are heating up. This is something I wrote about since I think it was Q four of twenty twenty three that this year we would see some really big shakeups in the market. So interesting stuff now moving ahead. Ripple partners with Brazilian

exchange Mercado Bitcoin to offer business focused payment solutions. So despite the challenges Ripples facing here in the United States, they continue to build and expand. As mentioned, they're going to launch a stable coin call r l usd SO Mercado Bitcoin E, leading Brazilian exchange will be the first customer of Ripple's product in Brazil, using Ripple's platform to

improve its internal treasury options between Brazil and Portugal. Ripple introduced it's Crypto on Demand Liquidity ODL service in Brazil in August twenty twenty two in partnership with travelx Bank. So really big adoption news here for Ripple and for their ODL service. And like I said, they continue to expand globally. And I often remind you guys, crypto is not a US based acid class. It's a global asset class.

So despite what the United States might be doing putting up hurdles and roadblocks and so forth, companies continue to grow their business overseas. And there's clarity in many countries and jurisdictions. You know, you got Japan, Singapore or Dubai and so on and so forth. So this asset class can't be stopped. This technology can't be stopped. Despite what Gary Genser and Elizabeth Warren and the other clowns are

trying to do, crypto blockchains will outlast them. Now, speaking of the sec Paul Griwall, chief legal officer at Coinbase, says, yesterday the SEC filed a reply brief in the Legilex case that argued whether a digital asset transaction is a securities transaction is not determined by the nature of the asset. It's remarkable because they argue the precise opposite to Judge Folia in our case. So this is the continued hypocrisy that we're seeing from the SEC. They will lie in

one case. It's just a mess and there's no accountability. Just look at what they said in the Binance legal document right where they apologize for using crypto acid securities or digital asset securities, yet they used it in other cases in the same week. What is going on? Do you care about the law? Do you have any honor? Obviously not right. It's pathetic. And Paul highlights here you know where you can reference what the SEC said and

the SEC's Coinbase opposition brief. He says, this is our government acting in the name of all of us, telling one judge one thing while telling another the opposite should not be tolerated. We deserve better. Yeah, this is unbelievable. This is your tax dollars at folks, and look, I've been talking about this with various folks. It's a symptom of big government where these agencies have become too powerful, there's no accountability. They've gone rogue where they will break

the law just to get their way. And that is not right, folks. And this is obviously, like I said, a bigger problem. But obviously the SEC has gotten worse under Gary Genser, who's a scumbag regulator now in regardless to the election, which could impact crypto legislation and the SEC and so forth. Eleanor Tarrata Fox Business highlighted the following, The power of the crypto voter is apparent in findings of a new survey commission by Consensus and Harris x Data.

Harris x Data, just so you know, has nothing to do with commers. They said, here your go to source for accurate, in depth research on politics, society, business, AI, technology,

and so forth. So the key takeaways are ninety two percent of crypto owners say they plan to vote on November fifth, Forty nine percent of all US voters consider pro crypto stands important, with voters thirteen sent more likely to cross party lines for favorable policies in swing state Pennsylvania, thirty four percent of voters are open to voting outside

their party if a candidate supports pro crypto policies. In swing state Wisconsin, crypto is gaining popularity among blue collar voters, and Republicans have an edge there, with forty percent of voters believing the GOP will be better for crypto policy. Finally, fifty six percent of voters support Donald Trump's pro crypto stance, with the third saying they are more likely to vote for him because of it, while fifty four percent of voters believe it's important for Kamala Harris to take a

clear position on crypto. So Democrats want to play around, and Kamala Harris wants to play around, They're going to feel it in the polls. Obviously this is not the only issue here, but the Democrats have an opportunity to take this off the election ballot, which I want it off the election ballot because I believe cryptos and neutral

technology shouldn't be political. Elizabeth Warren made it political. But the end of the day, hero should come out and say hey, we're going to support these technologies, here's my policy and so forth, and then people can vote on other issues. Right, I'm not telling you who to vote for it, but you're adults, so people have different reasons what they vote for. But as it relates to crypto, Donald Trump has a clear advantage. Kamala Harris. I don't

know what the hell she's doing. Now. The good thing is that in Congress, in the House and Senate, we're seeing more Democrats supporting crypto. Many of them have turned their backs on Elizabeth Warren and Gary Genser. So that's a very good sign and we need that to get crypto legislation through. We know it made it through the House already, it has to go through the Senate, so

let's see what happens. But people who owned crypto are going to vote, guys, and if Harris loses, you can imagine what people are going to say about Elizabeth Warren and Gary Genser. Now, guys, something very interesting from HBO. There's a documentary claiming they have uncovered the true identity of Satoshi knock a Moto, the pseudononymous of bitcoin. Out of belief they have I just believe this is some sensationalism and they're trying to get people to watch it. Obviously,

and look the timing of this. It's coming out now because they know bull market right, they know a lot of people are going to be interested. So look, I give them credit for the timing and the marketing. It does include some of the ogs, the Bitcoin og is like Adam Back and a bunch of other folks. But you know, we'll see. There are many theories as to whose knackomotive is. That it may be the NSA, a group of people, you know, a group of computer scientists,

Hal Finny and so forth, but who knows. At this point, it's probably better that this is not uncovered, but we shall see. You never know what the future holds. But I don't think HBO uncovered who Sotoci Knakamoto is or if folks, that's the news. Leave your thoughts and comments below hit the thumbs up button. Don't forget to sign up for my free email newsletter. It's on substack. It's one hundred percent free, fill with crypto knowledge and insights.

Link will be in a description. Also, be sure to grab a copy of my book, Rethinking Crypto. It's available on Amazon and paperback in digital. If you bought a copy already, please leave a rating and review. It will really help me out thank you, and I'll talk to you all later.