Do you guys realize how crazy this is?
Apple announces new functionality to boost crypto and stablecoin payments.
You can now tap to pay with Apple Pay and Bitcoin and cryptocurrency, and they're obviously the biggest tech company in America right now.
You can basically use the NFC chip to access tap to pay functionality for crypto investors. And Apple Pay has over 507 million users in 76 countries
with $6 trillion annually in transactions.
Stripe, the digital payment platform, announces a $1.1 billion acquisition of the stablecoin startup Bridge.
They're getting involved with stablecoins as well. The global remittance market is projected to reach $785.9 billion in 2024. So to send money from one country to another, there's a big pie to take money from.
And I don't know if you guys knew this,
but Sequoia Capital just recently purchased shares in Stripe for $861 million. Sequoia Capital was also heavily involved with FTX Exchange in 2021.
Let's not forget that the Federal Reserve themselves bailed out Silicon Valley Bank, which had direct ties to FTX. They got a whole bunch of money for free, basically.
Where did that money go?
I don't know, you tell me.