# 175 - 400M PayPal Users to Crypto with Jose Fernandez da Ponte

*Author: Ryan Sean Adams, David Hoffman*
*Published: Jun 10, 2023*
*Source: https://www.bankless.com/de/early-access-400m-paypal-users-to-crypto-with-jose-fernandez-da-ponte*

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Jose is responsible for driving PayPal’s efforts to bring the utility of crypto-assets and crypto-networks to their hundreds of millions of global consumers. 

He also knows a thing or two about how the banking system works and how to fix it. And we also got the SVP of PayPal to say, “DeFi Mullet,” not once, but three times. 

*PayPal currently offers crypto services only in the U.S., U.K., and Luxembourg. Venmo is available in the US only.

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### TIMESTAMPS:
0:00 Intro

7:55 What a PayPal Dollar Is

11:21 PayPal & Venmo Crypto

16:29 The Crypto Strategy 

22:59 DeFi Mullet 

27:33 Service Providers 

31:24 Is Crypto Useless?

32:30 PayPal’s Crypto Back-End

34:40 How Hard Was PayPal’s Crypto Integration? 

36:35 Path to $1T In Stablecoins

40:31 Payments

44:36 Gaming 

46:46 Network Integration 

49:47 DeFi on PayPal’s Radar? 

56:38 What’s Broken About U.S. Banking?

1:01:51 Settlement in the U.S. 

1:06:32 Best Digital Cash Society 

1:13:10 Stablecoins in the U.S.

1:16:25 Crypto Regulation 

1:20:44 Making Crypto More Useable 

1:23:30 Closing & Disclaimers

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### RESOURCES:

Jose Fernandez da Ponte

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

Payments and Evolution of Stablecoins Paper

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4425922