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Stablecoins Coming Sooner🚨Mastercard Panics!🔥Ripple Unlocks $50mil More $RLUSD! · The Paul Barron Crypto Show

• 0:05
  Speaker 1: Today let's dive into stable coins. What this will unlock
• 0:08
  Speaker 1: in the economy and maybe in the future of everything
• 0:12
  Speaker 1: you can imagine. My name is Paul Barren. Welcome back
• 0:14
  Speaker 1: into tech path. Let's get into it today. I do
• 0:16
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  Speaker 1: It does help the channel to get started. Let's go
• 0:43
  Speaker 1: into a couple of points I want to jump into,
• 0:46
  Speaker 1: all right, So here's a tweet from Eleanor and this
• 0:48
  Speaker 1: is really getting into the Genius Act and just how
• 0:50
  Speaker 1: quickly this is moving through the administration. This is going
• 0:53
  Speaker 1: into a markup which is happening on Wednesday, and this
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  Speaker 1: is positioned now to push through the House in the
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  Speaker 1: Senate pretty quickly. So this is going to be faster,
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  Speaker 1: maybe than what we initially thought. It's very possible we
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  Speaker 1: could even have a vote on it this week. So
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  Speaker 1: the other things I want to take a look at
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  Speaker 1: is what does this mean to the rest of the industry,
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  Speaker 1: primarily the financial industry. Well banks are starting to freak
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  Speaker 1: out a little bit, as well as the NBC.
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  Speaker 3: Take a look stable coin legislation. Today, President Trump said
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  Speaker 3: that he wants a stable coin built on his desk soon.
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  Speaker 2: He's got a lot going on with the tariffs.
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  Speaker 3: I can't even imagine he wants to focus on stable coins. Congressmen,
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  Speaker 3: what do you think happens to all of the big
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  Speaker 3: credit card companies? For example, there is an effort, as
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  Speaker 3: you know, by all of these startups to try to
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  Speaker 3: upend the entire world with which your committee effectively oversees.
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  Speaker 4: And now they may well migrated retail and wholesale on
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  Speaker 4: a payment rail with a stable coin.
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  Speaker 3: But the reason I asked the question is Bill, should
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  Speaker 3: I be long visa or should I be short visa?
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  Speaker 3: Some people are your stable coin works a visa?
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  Speaker 2: Should it should?
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  Speaker 3: Should their margin should come down?
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  Speaker 5: And one of the lobbyists come to you and kind
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  Speaker 5: of pressure.
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  Speaker 4: My view is when you have a big brand name
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  Speaker 4: like Visa or MasterCard that gives you a marketing advantage
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  Speaker 4: to introduce a payment stable coin rail in your world,
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  Speaker 4: and the same would be true for paypalas I think
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  Speaker 4: you'll see bank and non bank competition here. Don't we
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  Speaker 4: all throw it?
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  Speaker 6: What do you hear from the banks, the credit card
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  Speaker 6: companies and beyond.
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  Speaker 4: What they want level of treatment.
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  Speaker 1: Definitely, the impact that stable coins could have on MasterCard,
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  Speaker 1: Visa America Express, anybody that's charging fees to retailers and
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  Speaker 1: consumers to be able to utilize the service. And I
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  Speaker 1: think that's where stable coin is really going to disrupt
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  Speaker 1: a lot of this. We will see a lot of
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  Speaker 1: fintech companies that are going to disrupt all of this,
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  Speaker 1: so much so that even MasterCard themselves went out and
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  Speaker 1: this happened today. During all of this is MasterCard is
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  Speaker 1: working on a blockchain to connect trad fi and crypto,
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  Speaker 1: so traditional finance and crypto. There was no real alignment
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  Speaker 1: or even roadmap of how they were going to do it.
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  Speaker 1: I think they were responding primary to the fact that
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  Speaker 1: we are going to see a stable coin bill come
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  Speaker 1: through pretty quickly. Let me go to this tweet right
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  Speaker 1: here by Matt Hogan, let me kind of show you case.
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  Speaker 1: This is in reference to Senator Jailbrand that made this statement,
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  Speaker 1: do you want a stable coin issue to be able
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  Speaker 1: to issue interest? Probably not, because if they're issuing interests,
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  Speaker 1: there's no reason to put your money in a local bank.
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  Speaker 7: Bank.
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  Speaker 1: If there's no reason to put your money in a
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  Speaker 1: local bank, who is going to give you a mortgage?
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  Speaker 2: And that was the s point.
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  Speaker 1: Does she really think that a free market will not
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  Speaker 1: find a way to loan money to people who want
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  Speaker 1: a house? And that's the point that I think a
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  Speaker 1: lot of people are missing. The old guard doesn't really
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  Speaker 1: understand the disruption that we are about to see. And
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  Speaker 1: it's much like if you look at the early stages
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  Speaker 1: of the Internet, mobile, social all of those disrupted you know,
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  Speaker 1: areas of the not only the economy, but of the
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  Speaker 1: business that we're already in place for decades, and I
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  Speaker 1: think that's where we are today. Did the bank lobby
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  Speaker 1: get involved? This was in reference to the whole issue
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  Speaker 1: around stable coins, and the point that they're hitting on
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  Speaker 1: right now is that you can't have stable coin issues
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  Speaker 1: undercutting their measly deposit rate.
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  Speaker 2: So This gets back to the.
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  Speaker 1: Banks saying, hey, wait a minute, if stable coins can
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  Speaker 1: now start to pay, we're going to lose all these deposits.
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  Speaker 1: The likelihood is you're going to lose those deposits anyway.
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  Speaker 1: The clear issue here is how are banks going to
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  Speaker 1: implement this into their architecture. I think that's the question
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  Speaker 1: everybody's asking. But remember that the bank's commercial banks donated
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  Speaker 1: twenty three mil to elect Republicans last year, and when
• 4:26
  Speaker 1: you look at this, they ended up basically voting to
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  Speaker 1: overturn the overdraft fee cap that was out there.
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  Speaker 2: This is where I got a little bit.
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  Speaker 1: Nasty, I think, in the sense that banks were able
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  Speaker 1: to essentially push a lot of what's happening with the Republicans,
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  Speaker 1: and really they were trying to position of why these
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  Speaker 1: overdraft fees had to exist.
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  Speaker 3: Take a look President and COO Lindsay Johnson make the argument,
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  Speaker 3: Lindsay make the argument, this.
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  Speaker 8: Is one of those services is offered by banks to
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  Speaker 8: their customers as a courtesy really helping millions and millions
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  Speaker 8: of consumers, thanks for innovating, And they were competing like
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  Speaker 8: crazy to make this service more available and more cost
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  Speaker 8: friendly for consumers.
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  Speaker 7: As President I rise to talk in favor of my
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  Speaker 7: cra on the overdraft fees, something called junk fees. Now,
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  Speaker 7: some will say, what is an overdraft fee? You have
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  Speaker 7: to pay a fee your bills are paid. Some people
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  Speaker 7: use their overdraft option to pay their rent. You start
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  Speaker 7: eliminating the possibility of people to make the decision to
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  Speaker 7: continue to use overdraft in the most effective way.
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  Speaker 1: This right now will be a pretty I think this
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  Speaker 1: will end up being a very bad thing for banks.
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  Speaker 1: It's going to push a lot of people away from banks,
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  Speaker 1: possibly because I think the fees will go crazy, much
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  Speaker 1: like what we've seen on interest rates within the credit
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  Speaker 1: card side of things, upwards of thirty percent. Now, this
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  Speaker 1: is the kind of issue that I think will factor
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  Speaker 1: into a lot of decision making of how maybe this
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  Speaker 1: next generation starts to do banking. If you look at
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  Speaker 1: everybody that voted for this, every Republican senator except for
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  Speaker 1: Josh Holly voted to strike down this bill. So this
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  Speaker 1: was basically I think a sellout if you look at
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  Speaker 1: everybody that was there. Let me go to a clip
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  Speaker 1: right here. This is Holly talking and really grilling MasterCard
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  Speaker 1: and Visa, so you can kind of see his position.
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  Speaker 9: Take a look the rates that you charge merchants vary.
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  Speaker 9: What do you charge Walmart?
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  Speaker 8: We have a large business with Walmart.
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  Speaker 9: What do you charge Walmart?
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  Speaker 6: I don't have the information.
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  Speaker 9: It's what do you charge Walmart?
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  Speaker 8: Senators the city. I don't know what the Walmart rate.
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  Speaker 6: Is Walmart's big customer.
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  Speaker 5: Is it higher or lower than two and a half percent?
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  Speaker 6: Walmart negotiates their rates based on the business that they
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  Speaker 6: do with us.
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  Speaker 8: We have volume discounts that we offer to some merchants.
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  Speaker 9: If mister Callahan wants to get the Walmart deal, does
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  Speaker 9: he have your phone number or know how to get
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  Speaker 9: it and call you up and say, hey, let's make
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  Speaker 9: a deal.
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  Speaker 2: Can you call you?
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  Speaker 6: I would welcome the opportunity to talk about mister Callahan,
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  Speaker 6: please and connect him to third party secretary help.
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  Speaker 5: Why is it that small businesses continue to use Visa
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  Speaker 5: ed MasterCard?
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  Speaker 2: In my opinion, it's a matter of convenience for the customer.
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  Speaker 5: So, either you know what the average interest rate is
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  Speaker 5: on your networks?
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  Speaker 6: Senator, We're not the bank. We don't set the interchange.
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  Speaker 5: I know you don't set that rate from it and
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  Speaker 5: you know, do you know what it is? Twenty eight
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  Speaker 5: point seven five percent average. It's nearly doubled in the
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  Speaker 5: last four years. You've got debt like we've never seen
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  Speaker 5: before in American history. The pandemic was difficult on small
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  Speaker 5: business more than anyone. We lowered rates for ninety percent
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  Speaker 5: of small businesses in the United States. Wait a minute,
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  Speaker 5: but wait a minute, I'm hold on to a second.
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  Speaker 5: You've increased the swipe fees consistently even as your profit
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  Speaker 5: margins have gone up. You've raised the swipe fees, and
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  Speaker 5: you're paying Apple and Square and others not to compete
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  Speaker 5: in your market.
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  Speaker 9: Visit Do's business right in the EU. Yes, So why
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  Speaker 9: not have mister Callahan pay the lower rate. What's the problem, Senator?
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  Speaker 6: We share your values in wanting to drive lower prices
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  Speaker 6: for small bus You.
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  Speaker 9: Are killing small business in the United States of America.
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  Speaker 5: Cost to Missouri businesses from these fees is one and
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  Speaker 5: a half billion dollars. That's with a b billion dollars
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  Speaker 5: a year a year. This will not stand.
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  Speaker 2: All right. So I lock Holly's position right there.
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  Speaker 1: And this is the one that we argue quite a
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  Speaker 1: bit because it is a problem I think in the
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  Speaker 1: retail side. If it gets unlocked on the passing of
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  Speaker 1: a stable cooin bill. This is what you're going to
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  Speaker 1: start to see. Now, all of this most likely will reside.
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  Speaker 1: Most of this will reside on ethereum, with Circle being
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  Speaker 1: kind of the leader there. But if you look at
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  Speaker 1: the unlock and where this potentially could be, it is
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  Speaker 1: dramatic in terms of overall use case. And this is
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  Speaker 1: where and why MasterCard, Visa and many others including banks
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  Speaker 1: are so nervous right now, even though they've been raising
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  Speaker 1: fees on merchant services and all those credit card fees,
• 8:53
  Speaker 1: gas fees on ethereum starting to fall. So imagine if
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  Speaker 1: you were starting to accept things like that, especially on USD,
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  Speaker 1: if you started to accept that you're bypassing a lot
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  Speaker 1: of those merchant services fees the one point five billion
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  Speaker 1: as Hollywood's kind of talking to. On another note, this
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  Speaker 1: is of course looking at the decks trading shares to
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  Speaker 1: ethereums ecosystem that has also been declining, which is positioning
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  Speaker 1: eth even better, and obviously this will lead the way
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  Speaker 1: I think overall on stable coins. Just in Circle also
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  Speaker 1: minted another two hundred and fifty million of USDC on Salona,
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  Speaker 1: so it's likely that they're anticipating a bit of an onboarding.
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  Speaker 1: I want to go to a clip real quick because
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  Speaker 1: this gets into who's going to benefit from a lot
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  Speaker 1: of these scenarios that are going to play into stable
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  Speaker 1: coin usage, especially around cross border payments.
• 9:40
  Speaker 2: Take a look, so you.
• 9:41
  Speaker 10: Want to send money from there to there? How is
• 9:43
  Speaker 10: that going to work in traditional payment systems? Well, first
• 9:46
  Speaker 10: the payer has to send to its bank, has to
• 9:49
  Speaker 10: put the money into its bank. Secondly, the money has
• 9:51
  Speaker 10: to move to an international correspondent bank. Then it will
• 9:55
  Speaker 10: engage inn FX trader foreign exchange trader to sell US
• 9:59
  Speaker 10: dollar and buy Korean one, and then that money is
• 10:03
  Speaker 10: deposited into the US correspondence bank account at the Korean
• 10:09
  Speaker 10: correspondent bank account. From there it goes to the payees bank,
• 10:13
  Speaker 10: and then finally the money gets to the paye.
• 10:15
  Speaker 2: Every step somebody gets paid.
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  Speaker 7: Right.
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  Speaker 10: No one's doing any of this, there's not volunteerer. Only
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  Speaker 10: thirty seven percent of these international transactions have a cost
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  Speaker 10: less than five percent, forty five percent have costs between
• 10:27
  Speaker 10: five and ten percent, and there are some that cost
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  Speaker 10: a lot more ten percent between ten and fifteen and
• 10:32
  Speaker 10: a lot of stuff takes more than one day blockchain
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  Speaker 10: has been used also finally in this situation, and that
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  Speaker 10: happens instantaneously. So I'm gonna give two examples. One is
• 10:40
  Speaker 10: Ripple and one is jpm coin. I sell my US
• 10:43
  Speaker 10: dollars and I buy a token. It's token is called XRP,
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  Speaker 10: and then all you do is you switch on the blockchain,
• 10:49
  Speaker 10: you switch the ownership to the person that's supposed to
• 10:51
  Speaker 10: get it, and that person sells the token for one
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  Speaker 10: And this is public permissionless. So the other kind of
• 10:57
  Speaker 10: way this is being done, it is JP morgan coin,
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  Speaker 10: for example. This is twenty twenty, so this is not
• 11:02
  Speaker 10: the blockchain dream. It's not public. The only people who
• 11:05
  Speaker 10: can play in this playground is JP Morgan and its clients.
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  Speaker 2: This is a huge advancement.
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  Speaker 1: I think that a lot of people are not ready
• 11:14
  Speaker 1: for just yet, and I think this is the key,
• 11:16
  Speaker 1: and the speed in which this is happening is a
• 11:19
  Speaker 1: big factor, and this is why I think Trump is
• 11:21
  Speaker 1: pushing so hard to get this approved so quickly. Let's
• 11:24
  Speaker 1: take a look at riusd this of course writing on
• 11:27
  Speaker 1: XRP ledger, and they printed another fifty mil and that
• 11:31
  Speaker 1: of course was done right there on ethereum. So again
• 11:35
  Speaker 1: you see the power of where and what this can
• 11:38
  Speaker 1: do in terms of the financial markets.
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  Speaker 2: And I think this is the factor that's.
• 11:41
  Speaker 1: Going to play out very quickly and possibly cause this
• 11:45
  Speaker 1: massive uptrend in terms of adoption, which will open up
• 11:48
  Speaker 1: a lot more onboarding opportunities. Let's go over to the
• 11:51
  Speaker 1: chart real quick, and let's just take a look at
• 11:53
  Speaker 1: where XRP is holding right now.
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  Speaker 2: That, of course is the XRP chart right there.
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  Speaker 1: But if you look at ETH right now and you
• 12:00
  Speaker 1: look at that I have this on the monthly, when
• 12:02
  Speaker 1: you start to see this out, this may be the
• 12:04
  Speaker 1: bottom on ethereum. So again, all of this very positive
• 12:08
  Speaker 1: news for etherorem So if you're trying to play the
• 12:10
  Speaker 1: stable coin scenario here, Eth might be the play. All right, guys,
• 12:15
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• 12:16
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• 12:18
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• 12:21
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• 12:28
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