Stablecoins in business: revolution in payments and new opportunities

Advantages of Stablecoin-Based Payments in Business

In today’s world, every business strives to find a competitive edge. One area that is rapidly gaining popularity is payments based on stablecoins. According to data from the first half of 2024, stablecoin transactions have reached a value of over $2.6 trillion, indicating the growing significance of this solution in the business world.

Stability and Transparency in Payments

Stablecoins, digital currencies designed to maintain a stable value through the use of securing mechanisms, offer companies stability, programmability, and transparency. Thanks to these features, they are becoming increasingly attractive to entrepreneurs seeking new payment solutions.

Integration with Traditional Financial Systems

Companies such as Visa recognize the potential of blockchain-based payments and are working on integrating traditional financial systems with the blockchain ecosystem. This makes it possible to create innovative payment solutions that can benefit both payment service providers and merchants.

Competitive Advantage and New Revenue Streams

According to experts like Ran Goldi (Fireblocks) and Nikola Plecas (Visa Crypto), payments based on stablecoins offer an opportunity to increase revenues for payment firms. The “stablecoin sandwich” method, which efficiently utilizes stablecoins for international transactions, can bring additional benefits to companies and enable them to expand in the global market.

The Role of Regulation and Technological Development

For blockchain-based payments to develop dynamically, appropriate regulations are crucial. Currently, companies like Visa are tasked with supporting the development of blockchain-based payments, while respecting legal requirements and ensuring transaction security.

Perspectives on the Development of Stablecoin-Based Payments

Ran Goldi and Nikola Plecas predict further advancements in blockchain implementation in the payments sector, supported by more precise regulations and technological progress. Abstracting from the technical complexity of blockchain and experimenting with payments based on this technology can bring benefits to companies, enhancing their competitiveness.