VanEck launches the challenge to payments
The post VanEck launches the challenge to payments appeared on BitcoinEthereumNews.com.
Paying with stablecoin on “super apps” like Robinhood or Kraken will cut costs by at least three percentage points compared to traditional Visa and Mastercard circuits. According to Jan Van Eck, CEO of VanEck, the super apps are about to revolutionize global payments thanks to a new regulatory framework just signed by President Trump. Why can super apps revolutionize stablecoin payments? President Trump signed the GENIUS Act on Friday, June 14, 2024, a law that introduces a strict regulatory framework for companies issuing stablecoins intended for payments. For the first time in the United States, a stringent regulation is established to ensure safety, transparency, and reliability for users and operators in the sector. The law aims to prevent abuses, fraud, and systemic risks by accelerating the adoption of stablecoin even on fintech and social platforms. According to the interview with Jan Van Eck on CNBC Television, the new apps that integrate stablecoin operate without intermediaries, eliminating fees traditionally imposed by Visa and Mastercard. Today these networks retain up to 3% on each transaction. The super app like Robinhood, Kraken, and X can offer much cheaper and immediate payments and transfers, breaking down entry barriers for new operators and increasing international competition. “In this scenario, we will witness strong pressure on the costs of the payment system,” says Van Eck. “More and more competitors are coming, and many will be super apps.” Circle, issuer of the main stablecoin with public visibility after the recent IPO, has recorded significant growth in the early months of 2024. Ethereum, the leading blockchain in the sector, experienced an exceptional April in terms of capitalization and media attention. Van Eck emphasizes: “The market is already moving in advance of future prospects. However, we are only at the beginning. The incumbent like Circle will be joined by…
Filed under: News - @ July 21, 2025 9:33 pm