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

Can we go Bankless using PayPal? We brought on Jose Fernandez da Ponte, the Senior Vice President of Blockchain, Crypto, and Digital Currencies at PayPal and Venmo to help us answer that question.
Jun 10, 20231 min read

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.


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


Jose Fernandez da Ponte


Payments and Evolution of Stablecoins Paper


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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