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Mastercard: Stablecoins Not Yet Ready for Everyday Payment Use

Fintech News

Mastercard says stablecoins remain far from mainstream use, citing limited real-world utility despite strong underlying technology. While stablecoins offer features like fast transactions, low fees, and round-the-clock availability, Mastercard believes these are not enough to make them viable for everyday payments.

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Coinbase launches stablecoin payments service

Finextra

Home News Crypto Coinbase launches stablecoin payments service Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Finally, open-source smart contracts power secure, scalable onchain transactions. trillion to $3.7 trillion by 2030.

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BVNK Raises $50 Million for its Stablecoin Infrastructure Platform

Finovate

based stablecoin infrastructure provider BVNK secured a $50 million Series B round, boosting its valuation to $750 million. As living proof that the stablecoin revolution is underway, stablecoin infrastructure provider BVNK has raised $50 million. Stablecoins have exceptional potential for cross-border payments and remittances.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023.

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The Stablecoin Revolution in Remittances

Finextra

Fast settlement: Typical wire transfers take 3–5 days; stablecoins settle in minutes or less. FX Stability Pegged to USD, stablecoins offer protection from currency depreciation (e.g., Key Facts & Statistics Transaction volume : In 2024, stablecoin volume hit $27.6 in Sri Lanka or Myanmar). in Feb 2024 to $4.1T

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Why More EU Companies Are Accepting Stablecoins Using CoinRemitter

CoinRemitter

The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.

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Retailers Accepting Crypto Payments – With Instant Settlement in Cash

Finextra

Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. Settlement speeds are another major advantage. As consumers express interest in paying with digital assets, businesses see a means of gaining a larger customer base. It expresses the views and opinions of the author.