🚨 @RaoulGMI JUST BOUGHT $ZCASH IN THE CORRECTION AND HERE IS EXACTLY WHY:
"It's Bitcoin with privacy. It's a very easy trade."
"In the world of store of value, there was only one. There was really only one. But now we've got another one, which has a subsection of that."
On how big it could be:
"I was talking to Barry Silbert about this the other day. To assume it could be 10% of Bitcoin or 5% in terms of how much economic value it has. Privacy in the world has value for people. I think people will understand that more."
His argument is not that Zcash replaces Bitcoin.
It is that privacy is a feature people will pay for, that Bitcoin does not natively offer, and that a store of value with privacy has a real market even if it is a fraction of Bitcoin's.
Do you agree? Do you even care?
Today, @FinCENnews issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information. FinCEN today also announced that it will delete previously reported information by U.S. persons from the beneficial ownership information database.
Stablecoins are increasingly being spent by card swipe.
Crypto payment cards have gone from a novelty to more than $750 million in monthly spend. These cards let people pay with crypto anywhere traditional card networks are accepted. Behind the scenes, the crypto — stablecoins, overwhelmingly — gets converted to local currency at the point of sale, so the payments look like any other card transactions to merchants.
Crypto cardholders don’t require a traditional bank account. Depending on the program, users either deposit stablecoins with a card issuer, or hold them directly onchain through self-custody. Crypto cards expand people’s access to U.S. dollar accounts globally, and they offer a convenient way for stablecoin holders to transact.