Agora CEO: In the next ten years, we will see most cross-border payments shift to stablecoins
ChainCatcher News, according to Agora's CEO and co-founder Nick van Eck in an interview with Coindesk, blockchain-based payment methods will surge in the next decade. He said: "We will see most cross-border payments shift towards stablecoins instead of using Swift like the current banking system. You'll also see a lot of foreign exchange transactions settled on-chain. We are excited to play a significant role in these two growing markets."
Nick van Eck also stated that the main obstacle for stablecoins achieving widespread adoption is regulation. Businesses are keen on using stablecoins because they offer cost-effectiveness and speed, but they need clear legal and compliance frameworks, such as knowing who the licensed providers are. Stablecoins have gained attention in the crypto-native field but still have untapped potential in traditional markets like cross-border payments and B2B transactions. He said: "I think this is just the beginning of a twenty-year journey towards mass adoption."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Some whale sold 4 million FARTCOIN at an average price of $0.95 three hours ago
ETH falls below $3300
Most of today's top 100 crypto tokens are down: ENA is down 17.96% and WLD is down 13.74%.