Joe Scannell
@Joe_Scannell
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CEO & Founder, @LayerOneGroup | Former @ProsekPR, @EdelmanPR & @USNavy Reserve
Chicago, IL
Joined March 2011
I've said it before, clarity leads to adoption. Obviously, @PayPal’s PYUSD has been long in the making but it's no coincidence that we're seeing it announced following SEC court case decisions and movement on two significant pieces of legislation. The longer the US waits to
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PayPal is rolling out a stablecoin, a potentially major boost to the role crypto plays in payments
bloomberg.com
PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments.
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JUST IN: Global payments giant PayPal is launching its own dollar-pegged stablecoin. By @shauryamalwa
https://t.co/CnsR1QsV7h
coindesk.com
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust.
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FedNow's launch has received a lot of attention - especially from our industry. Is this the Fed's "crypto killer"? The beginning of a pathway towards a US CBDC? Are we all doomed? No. I think this is a net positive development for the industry - here's why.
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Network uptime was 100% in Q2 2023. Network uptime was 100% in Q2 2023. Network uptime was 100% in Q2 2023. Network uptime was 100% in Q2 2023.
3/ Upgrades such as stake-weighted Quality of Service (QoS) went live and improved network performance, with more in progress. Network uptime was 100% in Q2 2023. Track upgrade progress: https://t.co/PFNKtaKm8o
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.@StellarOrg USDC continues to gain traction as a fast, low cost Layer 1 for digital dollar payments around the world.
.@Bitso, a Latin American crypto company, has integrated @StellarOrg's Anchor Network to allow companies around the world to make payments to Argentina, Colombia and Mexico using USDC. @andresengler reports https://t.co/LkP81WQTb3
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Utility….
You may have seen this floating around your Instagram feed 👀 Circle community member, @BeansApp, has built on @StellarOrg an app that makes sending $USDC as easy as… well, follow along on this trip from #Sydney to #Argentina and just take a look for your self 😬 #LATAM
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Essential reading on #Stablecoins, their value proposition, network effects and how they play the bridging role between digital finance and the real economy.
Stablecoins are more than just an asset – they’re the foundation for a modernized financial system. In this week's piece @knowing_basho shares his thoughts on the ecosystem today, and where it might be heading. Key takeaways: ▶️ Stablecoins solve real problems. Stablecoins
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Hi, all. I write jokes for TV, but not long ago I was a financial analyst. I had my Series 7. For those who say Fran Drescher or any SAG-AFTRA member should stop whining and appreciate what they have, let me give you a lesson in capitalism. 🧵
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SEC Statement on Ripple has vibes of young campaign hack spinning on bad facts, vs powerful government agency expected to tell the truth. Do better.
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Larry Fink of @BlackRock thinks #Bitcoin will transcend every international currency due to broad-based worldwide demand.
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(I know, I know: I’m not reading all that, I’m happy for you though, or sorry that happened.)
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I've had a day to absorb the Ripple summary judgment decision. Yesterday's crypto-legal-Twitter commentary (from @BrandonFerrick, @CryptoTaxGuyETH, and many others) was great on the holding. Let's talk about the new questions it raises, and the possible routes it opens. 1/22
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The most important part of this ruling: “XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.” This is a now a matter of law (not up for trial.)
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1/2 Happy to see @SenLummis and @SenGillibrand continue their bipartisan effort to provide protections and clarity to American consumers. This bill is another important step in the right direction for the future of responsible innovation in blockchain and web3
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Big news: @Allbridge_io introduces cross-chain bridge, unlocking interoperability between Stellar, Ethereum, Solana, Celo, and Polygon for seamless asset transfers.
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Important! We are investigating a takeover of https://t.co/BAS97QgFgO twitter account Please do not trust comms from that account until we report back.
stellar.org
Stellar Network: An open-source blockchain for enterprises and institutions, offering secure smart contracts, fast payments, and asset tokenization at scale.
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A little over 24 hours later…50m sign ups for Threads. Pretty wild.
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