USDC, Visa & Global Elite Have HUGE PLANS for BTC!! - YouTube

What is this!? A calming of the price….bitcoin  is back where it was 7 days ago.  

Sideways, a calm before the storm...it’s  either preparing for another leg up,  

or the beginning of the legs down. What’s it gonna  be for BTC!? Find out in about 10 minutes or less,  

because it’s time for Chico Crypto!

Up or Down!? That is the million dollar  bitcoin question!! If I could answer that  

with 100 percent accuracy, I more than likely  wouldn’t be making youtube videos & would  

already be retired. But Chico Crypto can make  an educated guess based on the current climate.

And our opinion isn't going to change,  just because the price falls a little  

bit….there is a BIG event slated  at the end of Month & it would  

just be out of the ordinary for  the price to be falling during it.

The Coinbase IPO! Yesterday, Cointelegraph  reported that about 114.9 million shares  

would be registered for public sale. The  details of this IPO are slowly dripping  

throughout this month and this news was  found out with an updated S-1 filing.

This S-1, reveals Coinbase will  have a dual stock structure,  

with Class A & Class B stock. I covered most  of this in my last video, how the class A stock  

is the one the public gets to trade, which  is the 114.9 million that was registered.

But what about the Class B??  Well within the updated S-1,  

something else caught my eye. If you go into the  section “SALE PRICE HISTORY OF OUR CAPITAL STOCK”,  

Coinbase says “We have applied to list our Class  A common stock on the Nasdaq Global Select Market.  

Prior to the initial listing, no public market  existed for our Class A common stock. However,  

our Class A common stock and Class B common stock  have a history of trading in private transactions”

What that means, is the Class B stock is  being transacted somewhere. It has had  

value, just not for the public, and  isn’t just a voting stock. We know  

where it’s been being transacted on..the Nasdaq  Private Markets...and I’m still holding out hope  

that Class B will be tokenized into a Security  Token….through Nasdaq’s Marketplace services…

A little theory of ours we’ve had since  Coinbase co-founder & current executive  

board member said this about a token  and the IPO back in May of last year….

So, I get it, they wanted to IPO, and the only  way to do that today was to do a “paper” listing.  

This dual stock structure,  just might be the spiritual  

and aspirational hope FRED was speaking. Only  time will tell if this theory is correct.

Today is all about those theories though. We’ve  

talked about possible tokenization of  the stonk...but now let's talk about  

a strategic partner of Coinbase who was  just recently speaking on bitcoin & crypto.

Visa…..Visa a strategic partner  of Coinbase? In September of 2020,  

Cuy Sheffield, Senior director and head of  crypto answered this when asked by Forbes,  

about their Coinbase involvement “. First,  there are very large and established companies  

like Coinbase, which we simply treat  as strategic fintech clients”....

So with the Coinbase IPO, rolling right around  the corner, isn’t it just conviennent Visa CEO,  

Al Kelly was just on Fortune’s  Leadership Next podcast  

and spoke on BTC and crypto. Let’s  listen in to what he had to say…

WOAHHH, two massive things. #1 Visa credentials  could be used for BTC purchases. And vice versa.  

Well guess what? They have been working on this  for some time. Last year, July 22nd, Visa posted  

this blog “Advancing our approach to digital  currency”. Visa said this about credentials  

“Similar to other digital wallets, digital  currency wallets are looking to use the full range  

of Visa’s capabilities, including Visa Direct,  which makes it faster and easier for consumers  

to convert digital currency and push those funds  to their Visa credentials in real-time. Much  

of this work is happening through Visa’s  FastTrack program, which helps fintechs,  

including those in the digital currency space,  integrate quickly with Visa’s global network”

Let’s just go look who is involved with  Fast-Track, and specifically crypto related.  

Don’t see anyone in issuance, nope not in  push payments, how about value added services?  

There is the crypto company in the  Fast Track, working with Visa Circle…

Tight Partner of Coinbase, and co-creator  with them of the USDC stablecoin.  

Well let’s just go to Circle’s website  about this fastrack partnership.  

They promote it right on the front page, they  are called USDC partner wallets. Clicking it,  

it says “A global interoperable network  of digital wallets built on standards”

This is the system which uses USDC, in  conjunction with Circle's platform and APIs  

to allow Visa customers seamless transactions  across fiat and token onramps/offramps.  

It can interface with blockchains, as it  already is….going to Circles post on NFTs,  

it is integrated with Dapper Labs and their  Flow blockchain, for NBA Top Shot purchases.

But this isn’t Coinbase, this is Circle and this  isn’t the Bitcoin stuff Al was talking about.  

This is all about stablecoins, USDC. What about  using visa credentials aka fiat on a visa card  

to buy BTC? And vice versa cashing that BTC  back out into a fiat? They are one in the same,  

but let’s just replay what Al said about this.  Right into fiat and immediately available at  

all their merchants. Well let’s go  back to that July 2020 approach blog.  

This is what Visa said “Visa has been working  closely with licensed and regulated digital  

currency platforms like Coinbase and Fold to  provide a bridge between digital currencies  

and our existing global network of 61 million  merchants. Around the world, more than 25 digital  

currency wallets have linked their services to  Visa, giving users an easy way to spend from  

their digital currency balance using a Visa debit  or prepaid credential — anywhere Visa is accepted”

Coinbase is their BIG bitcoin partner. Their  crypto strategic partner. And you gotta know,  

it’s beginning with the coming Coinbase Visa  Card in the US. They announced the waitlist for  

it basically 6 months ago….which even includes  an up to 4 percent crypto back reward program.

Well it’s been quiet regarding the card, but  let’s do a little sleuthing of our own. Going to  

the website, we can see at the bottom, some fine  details and says “The Coinbase Card is powered  

by Marqeta” well, going to the Visa Fast Track  program there wasn’t a crypto company in Issuance,  

or was there...there they are in  Visa’s fast track program Marqeta.

Now, ain't this a coinkydink. Marqeta, filed  with the SEC for an IPO, and could do theirs  

right after Coinbase, in early April. Who are they  working with on their IPO? Goldman Sachs and JP  

Morgan...well going back to Coinbase’s s-1, why  in the hizeck are the same players doing this  

IPO?? Goldman Sachs, and JP  Morgan listed right there.

Well cuz there is more to this than meets the eye!  January of this year, Reuters posted this article  

“Goldman teams up with fintech startup  Marqeta to build checking accounts. The  

article states “ Goldman Sachs has partnered  with card issuing startup Marqeta to build  

the U.S. bank’s Marcus checking accounts set to  launch this year, the companies said on Thursday.  

The bank, an investor in California-based Marqeta,  hopes that the partnership will enable it to  

create more personalized and feature-rich  digital banking services for its customers”

Launched in 2016, Marcus has allowed Goldman  to diversify its revenue and funding sources  

by offering savings accounts and personal loans  to retail customers. Yes Goldman got into the  

retail game in 2016, and is moving full steam in  2021 with Marqeta’s help...the Reuters article  

also name drops some entities connected  to Marqeta. Square...and it says “Marqeta,  

whose backers also include Mastercard  Inc and Visa, has seen business boom  

this year, with COVID-19 lockdowns leading  to a surge in demand for digital payments”

All these crypto connections??? Goldman  and others are backing and helping crypto  

or crypto related companies. Goldman is  working on their retail bank of the future.  

Marcus and Coinbase tied Marqeta is involved.  Goldman released the mobile application for Marcus  

in January of 2020 and then just last month, they  unveiled a robo-advisor called Marcus Invest?

Even Goldman sees the world moving increasingly  digital. Nothing about Marcus is directly crypto  

involved yet, but within the next year could we  see Marcus and an option for bitcoin investing?  

Well the writing is on the wall in my  opinion. Cheers I’ll see you next time!