Summary
- It is reported that by 2025, virtual asset payments are expected to emerge as an important element of the fintech business.
- Global fintech giants are showing efforts to innovate payment methods using stablecoins.
- Despite regulatory uncertainties, investments in virtual assets are underway, requiring investors' attention.
Interest in using virtual assets (cryptocurrencies) for payments has been gathering this year. Various companies, centered around global fintech giants, are exploring ways to utilize stablecoins (virtual assets linked to the value of fiat currencies) for payments.
On the 1st (local time), Bloomberg reported that factors that could change the landscape of fintech by 2025 include regulations, the stock market, fintech investments, and virtual assets.
In fact, under the observation that the re-election of the Donald Trump administration could positively impact businesses utilizing virtual assets, the fintech industry is accelerating the adoption of virtual assets.
Examples include Stripe's acquisition of the stablecoin payment platform Bridge and PayPal's introduction of its own stablecoin, PayPal USD (PYUSD), into the international remittance service Xoom.
Jack Zhang, CEO of Airwallex, said, "It is true that the regulatory situation is still unclear to aggressively invest in stablecoin infrastructure," but added, "Exploration is still ongoing. Stablecoins have the potential to disrupt cross-border payment systems. We must be ready when there is customer demand."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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