PayPal’s rumored plans to offer cryptocurrency purchases to its hundreds of millions of users appear to be gathering pace in what could be the latest example of a growing trend—fear of missing out on digital assets by traditional financial institutions.
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Blockchain.com opens crypto lending to general public
The major wallet service expanded on the institutional lending desk it opened in August; DeFi lending platform Aave adds tether support
The cryptocurrency lending industry has been booming lately, with the options to borrow against holdings or earn interest by making loans becoming easier to find. But the interest rates seem too good to be true.
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Chad Cascarilla, CEO & co-founder of Paxos, being interviewed by Mark Yusko, CEO & chief investment officer of Morgan Creek Capital Management for RealVision on October 8, 2019 (screenshot).Financial markets similar to NYC sewers: Paxos CEO
‘How do you take the $600 trillion of assets, change essentially where they sit so that they can be moved around instantaneously by a much wider variety of people.’
What’s the difference between the global financial markets and New York City’s sewer system? One is a filthy, chaotic mess of human waste unable to handle even the slightest increase in use without making everything stink while the other one is run by the New York City Department of Environmental Protection.
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G7 report is a giant warning to stablecoins
Bitcoin has ‘failed’; stablecoins need heavy regulation
The G7 has finally released a major report on the potential impact of global stablecoins.
