Simon and Colin are in the studio, together again.
First up, Brazil's BTG Pactual is the latest bank to embrace crypto assets. Colin explains how the biggest sole investment bank in Brazil have been moving into the crypto-asset market, making them the first in South America to do so. Colin remarks how the real story is that a bank is letting people pay for things with crypto, it's interesting to see how this will work out and the pair dive into the story (01:17).
Next, a Yen-pegged Stablecoin is set to be launched in March by Japanese banking giant Mizuho. Simon goes over how the new 'J-coin' sounds like Venmo but with a coin in it and neither of them are sure what makes this a stablecoin. Simon also explains how the coins are being treated as cash, but they're not because the money's coming from bank accounts and why that matters (05:00).
Simon also has an interview with Adrien Treccani, CEO of Metaco to talk about crypto and custody (33:08).
Other stories include:
- A European exchange giant is getting ready for crypto futures
- Coinbase Lists XRP and the price jumps 10%
We've got a great Tweet of the Week from @VitalikButerin on sound money and insititutional adoption
All this and so much more on this week's episode of Blockchain Insider. And why not send us your best tweets? See if you can get a shout out on the show!
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This week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse.