*** Learn about crypto investing: https://www.interaxisacademy.com/ *** Bitcoin and cryptocurrencies were meant to be used for payments. One of the largest payment companies in the world - Visa is going to settle transactions in a cryptocurrency (USDC). But why is this signifcant? In this video, we break down this monumental breakthrough. Contents of the video: 0:00 - Introduction 1:19 - How did a Crypto.com settlement work previously? 5:28 - What changed with the Visa-USDC settlement? 6:44 - Why is this a big deal? 7:35 - How does this affect crypto companies? 8:57 - Where does the blockchain fit into this? 10:23 - What comes next? 11:56 - How can this help me? 13:35 - Is there something else like this? 14:07 - Can this support central bank digital currencies? 15:53 - What does this mean? As per the announcement, the stablecoin USDC, powered by Ethereum, will be settled directly on the Visa rails. The company that will test this revolutionary feature will be Crypto.com, a cryptocurrency exchange that provides card-facilities to US customers. Another important piece of this partnership is Anchorage, a crypto custody platform. Anchorage recently received a federal banking charter, potentially banking it a digital assets bank. Through this partnership, Crypto.com holders will be able to pay for goods and services with USDC Coin directly. Vendors will receive USDC Coin directly through Visa. This means that you can potentially pay for a cup of coffee with a cryptocurrency. Visa will hold USDC Coin on Anchroage and settle the transaction between a consumer and vendor directly. Visa is taking custody of the cryptocurrency and allowing the transaction to be executed. This decreases time, fees and friction and taps the real-time settlement power of cryptocurrencies. This might seem like a small step but it's enhancing a key use-case of cryptocurrencies. That of a medium of exchange. With MasterCard also stepping into the crypto-settlement market and PayPal acquiring Curv, another crypto-custody solutions provider, this market is gearing up for more mainstream interest. Enjoy the video! Please subscribe to get more videos like this and leave a comment on what you’d like us to discuss next. Get Certified as a Digital Asset Advisor: www.certifieddigital.org/ Find us at: Twitter - https://twitter.com/Interaxis8 ​ Website - https://www.interaxis.io/ ​ Email - info@interaxis.io ... https://www.youtube.com/watch?v=QomRva4z7ws

As we continue to discuss Stablecoins, we move to the most significant and widely used of the algorithmic tokens - DAI. DAI was started by the Maker Foundation, and is governed by the Maker DAO. Maker DAO is a protocol that uses a series of incentives to drive certain behaviors in the investors. The idea is that holders of certain Cryptocurrencies will want to continue to hold, but may need a Stablecoin to transact. They would lock up their Crypto as collateral in vaults, and borrow DAI. They would then be forced to pay back the DAI loan, with interest, which is paid in the MKR token. The interest rate is continuously moving in relation to the supply and demand of DAI, and does so in an effort to get users to either lock more, or take some out of their vaults. As the users repay their debt, the DAI is burned. As they lock collateral in the vaults, DAI is minted. The continuously changing supply and demand aims to keep the value at roughly one US Dollar. Just in case there are huge drops in the value of the Crypto that is providing the collateral, there is a minimum of 150% collateralization ratio...although most vault holders keep at least 200% to keep themselves safe. DAI is the most successful purely algorithmic Stablecoin so far, and formed the first basis for DeFi. It has had some tough times with large Crypto selloffs, and now has a more involved governance community. It is one of the most important Cryptocurrencies to be developed, as it has really allowed so many to start using Decentralized Finance. Please enjoy the video. Subscribe to the Channel. Let us know how you like the explanations. Find us at: Twitter - @Interaxis8 Website - https://www.interaxis.io/ Email - info@interaxis.io ... https://www.youtube.com/watch?v=oRXueC3pcD8