 the second largest payment processing company in the entire world just gave way to fiat on-ramp for crypto and digital assets. And I gotta tell you, I think this is a step in the right direction, but there's some other parts about that's going on in the world today which are not so bullish. So what I am talking about, if you don't know, is Stripe. Stripe is the, again, second largest payment processor company in the entire world. I use it personally for my businesses for my online transactions and it's pretty reasonable, PayPal being the number one, and this just came out actually on May 4th. I didn't hear too many people talking about it. I have been out incognito doing a lot of things with family so I couldn't cover this, but I thought it was pretty interesting because I didn't see anybody talk about it anywhere and this is what's going on. So Stripe is going to be hosting fiat to crypto on-ramp and what I find surprising about this is that they're going through with it in the United States, even though the United States is the worst place for crypto thanks to the SEC and Gary Gensler. This is to help US-based customers purchase crypto, but there's some other documentation which shows that it's actually being global. Stripe now offers two implementation options for its on-ramp, an embeddable on-ramp which is crypto purchasing widget directly into your own website or app so you can embed it right away and you can have a fiat on-ramp or if you don't want to deal with that there's a Stripe hosted on-ramp at crypto.link.com to which companies can direct their US-based customers. So when we take a look at Stripe itself just so we know it has a market share globally of almost 20%. PayPal is up there at 42% but Stripe is right behind it and then also as far as global availability they have they're in 46 different countries. So this story I think just didn't get enough traction but I think it should especially for fiat on-ramp and then remember when it said there was there's two different types so there's two different types for what it's offering. First the embeddable option and then there's also one at crypto.link.com which if you don't want to embed it onto your sites you just go to this part. So the question I had was well how much is it going to cost because that's the big thing. How much are we talking about here? So there's two types of fees for just as far as the link.com option. So there's processing fees which is 3 to 5% which I gotta tell you it's pretty steep let's be honest. 3 to 5% of your order value and there's also network fees which are gas fees. So not only are you going to be paying Ethereum and everything that's an ERC20 token 3 to 5% but also the gas fees. So people will say well who wants to use that? It's a great that's a great perspective. So me personally I was like why don't we just do the embeddable option? So I couldn't find any documentation about how much it was so I had to reach out to customer support at Stripe and after about 30 minutes or so this is the answer I got. I said look if you're going to do it like that if your current Stripe fee pricing is 2.9% plus 30 cents per successful card charge it's the same price when you accept fiat. So in other tiers it could be 1.99% depending on the volume that you do or it could be even lower than that it all depends on your volume. So I thought well it's not too bad and what I was thinking about specifically was how it's going to compete with Moonpay. Moonpay in my personal opinion is garbage and I know people some people love it I don't know why you're paying 5% now you're paying they actually got wise and said okay we'll do 4.5% so Moonpay if you're going to use like a ledger or some other different types of fiat on-ramp it's 4.5% or $4 whichever is higher so usually you're going to be paying 4.5% and when I see something like Stripe come along I'm like okay if they have this embeddable option between 2 and 3% you know plus gas using that what are they going after and this is where I was talking about I think they're going to go for a global market not just in the US and it just talks about here Stripe fiat the crypto on-ramp there's three different areas crypto exchanges allow users in more than 180 countries deposit funds via dozens of local payment methods with connect payout fiat currencies and 45 plus countries wallets stay focused on building and defy products service apis through Stripe and nft marketplaces you can scale marketplaces and on-board buyers and sellers within seconds for any kind of marketplace including art blah blah blah so when I take a look at this they are directly competing I think with Moonpay and I gotta tell you thank god let's see what happens so for that I think it's a pretty big story let me know what you think about that in the comment section and also just if you've been living under rock is want to cover this real quick gets out of the way CPI so when we take a look at what's going on year over year the consumer price index and what the inflation is you probably know this already everybody's covered this I'm not going to beat it dead horse and the US CPI it was 4.9% year over year US core CPI which takes energy and food is plus 5% year over year and it was pretty much in line with expectations and the markets explode with a whopping 0.3% for bitcoin and the entire market crypto market goes down 0.2 I think there was a little bit of a rally in Trista markets but I don't really have much in that so I really don't care and that's what we have right there and of course we can just see that some people were complaining about this but I gotta tell you I mean if we take a look all the way back to January 2022 between CPI and core CPI I mean it's fluctuated quite a bit but I mean we are going down isn't that the whole point of all these fed rate hikes so I see this as good news maybe we'll see another 25 basis points hike next month and maybe they'll just stall out I don't think they're gonna cut but that's what we have so I see it as bullish also some more good news ether staking deposits top withdrawals for the first time since the shappella upgrade or the Shanghai upgrade and there's a a website I'm a link this in the description you can check this out all you need to know is this I could go over the whole article but it's boring the net staking balance for ETH this is how much has been withdrawn so far 2.49 million ETH that's a lot but this is how much has been deposited 2.79 million has been deposited so this is the first couple of days or so when the deposits have gone above and beyond the withdrawn and that to me is a bullish signal that people do believe in Ethereum they do believe what's happening and they're reinvesting into it so I can see that is good news now I have just told you some pretty good stories have I not it's pretty bullish but you're not going to get off that easy because there are some bearish things that are going on within the world and need to be aware of what's going on and what I'm talking about is there was a summary a report where the interest in crypto plummets among family offices survey so this is from Blockworks I just find it interesting because a lot of places will just only talk about the great things and it won't give you a perspective of really what's going on everywhere because it's not all unicorns and moon drops and rainbows it just isn't so just be aware that numbers don't always go up and there are some things ahead so roughly 26% of family offices are invested in crypto according to a new Goldman Sachs report which is up from 16.21 that sounds pretty good right although we're doing pretty good just wait but those that have not invested and show absolutely no interest in jumping of the space going forward has grown much more from 39% two years ago to 62% see you've pretty much got almost well not double one and a half times of people going you know what we weren't sure about it now we're really not sure about it we're not going to do it the respondents that are potentially interest in the asset class fell from 45% to 12% over that span those the people we wanted to get and we couldn't get those people because they see the problems that are going on in the crypto and digital asset space all the frauds on the rug flows also the Gary Genzler's and the SEC coming out there why would you want to get into this space if you're a family office to me it doesn't make any sense either I think it's a good hedge against uh as far as the store of value for different things but in all honesty I can see where they're coming from the survey was from 166 family offices from around the world now they did say that the belief in the power of blockchain technology is the top reason for them involved in the sector and they put a bunch of different reasons portfolio diversification I got to agree with that one DeFi crypto to store of value only 8% speculation eight that sounds more reasonable and so on and so forth so there's that piece we're losing interest in and family offices also what we've been talking about a lot is for tokenization of assets and Larry Fink who is the BlackRock CEO 10 trillion assets that are management has been talking about that quite a bit tokenization of assets which got everybody talking about great what's the chain going to be here's the chain Microsoft Goldman Sachs and other partners they're going to start their own new blockchain network so when Larry Fink was talking about all these things maybe it was just smoke and mirrors here's what we got a new blockchain network aimed at financial institutions in the works this was announced today actually a couple days ago the Canton network will be a privacy enabled interoperable blockchain network aimed at those working with institutional assets it allowed a synchronization of financial markets that were previously siloed so there is one thing here that interoperable blockchain network so maybe this is private but maybe they will interact with other chains like it says right here so that could be good but the primary is not going to be Ethereum it's not going to be Bitcoin it's not going to be Avalanche not going to be Solana to be their own privacy network which I don't think is really really crypto but we'll let that lie so the network will begin testing in July participants include BNB Parabas CBOE global market digital assets Paxos Microsoft Goldman Sachs Deloitte and a host of others and Kathy Clay the executive VP says this this is exactly what Larry Fink said the tokenization of real world assets may offer an unprecedented opportunity to create new market infrastructure and drive efficiency in the trading of products across the globe so you got to ask yourself there's waning interest in some family offices also in some of their institutions and now we've got these big players going you know what we're going to do our own thing we're not going to use anything maybe some interoperability down down the road why is that why is why are people shying away a lot of things that we just talked about but there's also been the big one this place is turning into a casino now this is going to be a very unpopular opinion and I will not dwell on it too too much but there was a tweet lady crypto was pretty good and she brought it out she said yeah this is a casino and in a lot of these meme coins you can invest whatever you want to i'm not your dad's do whatever you want to show it's great for you but to me it doesn't lend to legitimacy and if you're making money fantastic that's good for you but just know that all these different meme coins that you're getting in on they have no utility they don't do a damn thing and the things that you're getting into is fine you're just making money but what you're doing is dumping other people look again you do whatever you want to making a ton of money great fantastic but I will remind everybody of this just because the number goes up doesn't mean the project has utility or is worth anything because it's not and here's a prime example Voyager which I used to talk about quite a bit and I think it would still be around if it wouldn't for that idiotic mistake that they made to lend 630 million dollars to three hours capital and make it uncollateralized geniuses regardless the Voyager token is now ranked 456 after dropping out of the top 50 for good reason but just so you know as far as the trading volume over the last 24 hours 16 million 914 thousand why is this token or any of these tokens even in existence all it is is speculators trading it back and forth it has no use case it has no function it had a function when Voyager was around but it doesn't now so all the different things that are out there just take a look at what does this thing do what is its utility it's okay to make money I'm not saying that I'm just saying if you're going to be investing in a long term there's a lot better ways to do things which will lead me to my last point we'll get out of here all these things we talked about you might be a little bit shaky like what am I invested into whatever I can't tell you what to do but I can tell what I'm doing the things that I look at that are going to do pretty well I can see a store of value for Bitcoin and heck I can even see a lot of different plays for layer one solutions and another thing that's layer one solutions can really bring on board is blockchain or web three gaming this is Nakamoto games I'm going to link them in the description they just announced that they're in the final verification process with meta you know facebook for the facebook gamer profile strike for us to go live on may 19th alongside games with 5 million to 15 million players it'll launch the first ever web three game on meta during the revolution that remind me of just how big facebook is now facebook might be a joke to some people but just so you know it's almost got 3 billion people as far as users in the world it's not bad it's saying we're looking at around 8 billion people give or take and that looks pretty good and you know what else used to be pretty big on facebook stupid games like this so farmville which was been around for for quite some time it's only got like 30 million people like this 20 million people follow this and just so you know this was a goofy game I used to play it actually and it was mildly amusing and fun but just imagine what's going to happen when you can use and trade crypto and do win to earn not play to earn but like a win to earn type of situation you know people are going to do they're going to lose their minds and the last thing I will say is this but Rob we just took a look at microsoft and all these different places they're going to build their own chain why doesn't facebook just do that because facebook is smart enough to realize they don't have to build everything from scratch this is facebook acquisitions and from 2005 they made some pretty big place I don't know what friend feed is or connect you but remember frenster chain labs drop i o sure snap i o mail rank this little company called instagram they picked that up they could have made that themselves they're not going to do that they're just going to acquire acquire and acquire and before you know it they're going to be one of the biggest companies in the entire world and that's what we have so to me i'm pretty bullish on layer ones bitcoin and gaming and that's it for today so look like today's video give it a thumbs up consider subscribing this is not a set it and forget a lot of things going on might behoove you to subscribe but i want to say i appreciate you stopping by thanks so much and i'll see you on the next one