Crypto Bets with PayPal CEO; A U.S. Treasury with Janet Yellen; QR Codes & Snow Sports

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 November 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

PayPal customers will soon be able to buy, hold, and sell cryptocurrencies on the platform, and starting in 2021, customers will be able use crypto to pay retailers via PayPal. CEO Dan Schulman is betting that crypto confidence and popularity is only beginning. Tim Armstrong, founder of the dtx company and former Oath CEO, has partnered with Olympic skier Bode Miller to make 2020’s ski season safer and more profitable. Miller is using dtx-powered QR codes to keep ski and snowboard resorts safe amid the pandemic, and to minimize in-person snow sport equipment shopping. Plus President-elect Biden has picked former Fed Chair Janet Yellen to lead the United States Treasury; Becky Quick, Andrew Ross Sorkin, and Mike Santoli discuss what her leadership would mean for the markets and for economic stimulus.

Transcript

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0:00.0	This is Squack Pod. I'm C and D.C. producer Cameron Costa. Today on our
0:06.4	podcast, the US is kicking off the holiday season. Americans are on the move.
0:12.1	Travel is up, COVID cases are up,
0:15.0	and so is the pressure on airlines,
0:17.0	President of the Association of Flight Attendants.
0:20.0	We may actually see flights cancelled if there's enough demand because there's not enough staff in place.
0:26.0	Founder of DTX, the company behind the ubiquitous and pandemic friendly QR code, is kicking off a holiday stopping season unlike any
0:35.7	other former oath CEO Tim Armstrong. Consumers are really looking for trusted
0:40.6	brands and trusted authorities in different areas.
0:43.0	Plus, PayPal's betting on cryptocurrency
0:46.0	and CEO Dan Schulman
0:48.0	says the movement is only just beginning.
0:51.0	There is no question that people are flocking to digital
0:55.2	payments and digital forms of currency. Those stories plus a new role for
1:02.0	former Fed Chair Janet Yellen, new concerns for ski season, and a new
1:06.6	man nearing the top of the world's richest list.
1:10.2	He's gained, I think, something like $100 billion over the course of this year.
1:14.6	It's Tuesday, November 24, 2020.
1:17.7	Squack-Pod begins right now.
1:20.8	Good morning, everybody.
1:22.1	Welcome to Squackawk Box. This is
1:23.8	CM BC. I'm Becky Quick along with Mike Santoli and Andrew Ross
	...

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