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According to a speaker in the discussion, the main obstacle for crypto payments is user experience, as paying with crypto at the final step is nearly impossible for most people. The partnership with Visa is said to bring 774 million crypto owners to shop at 175 million merchants worldwide that accept Visa cards. Users can tap their phones to pay from wallets such as Coinbase, MetaMask or Koshi, instead of copying alphanumeric addresses or waiting for settlement. The speaker argues that tap-to-pay and QR code payments are becoming the new norm as consumers increasingly avoid cash.
- 3M: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call on Oct. 20, 2026, 3M reported expanding profit margins and raised full-year earnings guidance as orders accelerated. The company issued Amazon warrants for up to 3.2 million shares, tied to $6 billion in cumulative sales of optical connectivity and data center products over seven years. Five-year new product sales are up 34% year to date to nearly $3 billion, and new product vitality has risen to the mid-teens from 11% in 2024. 3M increased prices to fully offset rising raw material and oil costs, and it remains confident in organic growth above 3.5% this year.
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- BlackRock Is Building a Bitcoin ETF for Investors Who Can't Stomach the Swings
On Oct. 19, BlackRock filed a preliminary prospectus with the SEC for the iShares Bitcoin Managed Protection ETF, ticker PBIT, which aims to deliver Bitcoin-linked gains up to a cap while cushioning some losses. Instead of holding Bitcoin directly, the fund would use options on IBIT across three overlapping, roughly three-month tranches, buying a call struck near 90% of IBIT's starting price for the floor and selling a higher-strike call to cap upside, with Treasury bills held alongside. Each tranche's loss is capped at roughly 10% before fees, but BlackRock retains broad discretion to change terms, and the fee field is still blank. The filing could take effect as early as January 2027.
- Amazon Stock Costs More Than the Market. I'd Still Buy It for the Next 5 Years.
Amazon shares rose about 5% on Monday but trade near $262, roughly 8% below their August 3 record close of $284.02. The author argues the right benchmark for today's buyers is an S&P 500 index fund, which compounded about 10% a year with dividends reinvested from 1928 through 2025, and expects Amazon to beat it over five years because profits are growing faster than sales. Operating income rose from $22.9 billion in 2020 to $93.7 billion in the 12 months through June, up 23%, with AWS contributing $54.7 billion, about 58% of the total. Net purchases of property and equipment rose $66.1 billion over the trailing 12 months, mainly for AI, and free cash flow over the same span was a $7.6 billion outflow. The author expects earnings to grow about 15% a year through 2031 and sees the stock beating the index by a couple of percentage points a year, despite trading at about 25 times expected 2027 earnings.
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