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Read more: Stablecoin Sandwich? Here’s what CFOs need to know. The business case for stablecoins in crypto terms bb payments Before getting involved with stablecoins, businesses must: Assess where they offer tangible advantages over existing payment methods. What are the pain points of cross-border payments? Disadvantages of traditional banking infrastructure – slow settlement times, high fees and complex foreign exchange conversions. - Medium-sized import and export companies and payment companies feel this keenly and are increasingly being targeted. As a stablecoin, it can affect the direct area of ​​bb payments. Consider businesses in the Southern Hemisphere.

That depends on the U.S. dollar, which is used to pay for goods and services. Get inventory from . If there is no reliable USD based payment method. Stablecoins, especially those pegged to the U.S. dollar, enable these transactions. Easier and less intermediaries. For the end of the year outlook bb events,. Pymnts sat down with Ran cambodia whatsapp number data Goldi, Senior Vice President of Payments and Networks at Fireblocks, and Nikola Plecas. Visa Crypto’s head of commercialization breaks down the benefits and myths of blockchain-based payments, including.

The concept of a “stablecoin sandwich,” a method of using stablecoins to transfer value between. Currency is a practical example of the efficiency of blockchain cross-border payments. As Goldie explained, the process involves converting currencies such as the Mexican peso into a stablecoin pegged to the U.S. dollar (such as USDC). . The digital currency is then immediately transferred to the receiving country and exchanged there. Back to local fiat currency such as British Pounds. He shared a real-world example: In Latin America, importers used stablecoins to pay Asian suppliers.