Stablecoin Adoption Challenges Legacy Payment Platforms
Stablecoins are increasingly challenging traditional payment systems like SWIFT, with major integrations seen by Visa and other financial entities expected by 2025.
The trend signifies a potential transformation of cross-border payments, impacting financial institutions globally and marking a significant shift towards crypto-native solutions.
Visa and Ripple Labs Drive Stablecoin Integration
Stablecoins are expected to become mainstream for international payments by 2025, driven by industry leaders like Visa and Ripple Labs.
Increasingly, stablecoins are seen as viable solutions to improve cross-border payment efficiency.
Legacy payment platforms face disruptions from this adoption, with entities like Visa exploring direct settlements using stablecoins. This change highlights the evolving landscape of global payment infrastructure.
Visa’s Stablecoin Innovations Boost Adoption
Industry leaders are anticipating the consolidation of stablecoins in the payment space. Visa’s innovations in stablecoin-linked cards are prompting an increase in demand and broader adoption across financial networks.
With stablecoins handling larger transactions than Bitcoin, stakeholders must adapt to these shifts. Potential regulatory changes may further delineate the role of stablecoin payments within the financial system.
Stablecoins Paralleling PayPal’s Cross-Border Impact
Stablecoins echo the disruptions caused by services like PayPal and Wise, which streamlined cross-border transactions. These developments continue to drive efficiency improvements and cost reductions worldwide.
Experts predict stablecoins will redefine many financial processes. Historical data indicates such innovations can significantly reduce transaction costs and increase accessibility, influencing both users and providers globally.
“2025 will be the year that stablecoins go mainstream as the vehicle for international payments.” – Simon McLoughlin, CEO, Uphold
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The post Stablecoin Adoption Challenges Legacy Payment Platforms appeared first on Kanalcoin.
Filed under: News - @ May 15, 2025 10:27 pm