Binance to launch MicroStrategy, Apple and Microsoft stock tokens
Binance plans to launch stock tokens tracking the shares of Microstrategy, Apple, and Microsoft before May.

Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month. On Monday, Binance announced it will launch tokenized stock pairings for leading business intelligence firm MicroStrategy (MSTR) in addition to multinational tech firms Apple (AAPL) and Microsoft (MSFT).

The tokens will allow users to trade fractionalized units of the share tokens, with minimum trade sizing set at one one-hundredth of a token. Binance’s MSTR tokens are slated to go live at 1:30 pm UTC on Monday, while the AAPL tokens will launch at the same time on Wednesday, and MSFT tokens will be tradable from Friday.

The exchange asserts its stock tokens are “fully backed by a depository portfolio of underlying securities” held by German financial services provider CM-Equity AG. The tokens will observe traditional stock trading hours.

Demand for PayPal’s crypto offering exceeded all expectations, CEO says
The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to CEO Dan Schulman.

The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO. “Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and CEO Dan Schulman said in a Sunday interview with Time magazine.

Schulman said that existing financial infrastructure needs modernization because it’s “inefficient today” due to overly expensive, slow international transactions. The CEO predicted that the financial system is poised to see more changes in the next five to 10 years than it has experienced over the past two decades.

“Ten years from now, you will see a tremendous decline in the use of cash. All form factors of payment will collapse into the mobile phone. Credit cards as a form factor will go away, and you will use your phone because a phone can add much more value than just tapping your credit card,” he said.

Blockchain to Disrupt Music Industry and Make It Change Tune
Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists

Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, even among the harshest critics of Bitcoin (BTC) itself, the possible use cases for blockchain technology are often thought of as limited only to the financial industry.

While the distributed ledger system created alongside Bitcoin has a powerful use case in the realm of currency and assets, in which value can now be digitally transferred without any middlemen or risk of duplication because ownership is immutable and provable, these same applications can be translated into many other industries beyond finance.

This Daily DOse was brought to you by Cointelegraph.