A few days ago, it was reported that China's tech giant Ant Group will apply for a stablecoin license in Hong Kong and Singapore.
Today, traditional giants in the US are not idle either, as the Wall Street Journal reported that Walmart and Amazon are also exploring the issuance of their own stablecoins.
It is reported that Wal-Mart and Amazon are ready to apply stability directly to their own commodity trading scenarios.
Currently, the payment in the U.S. retail industry heavily relies on credit card payments, with fees usually being 2.9% + $0.30 (fixed fee) per transaction. Of course, large merchants like Amazon and Walmart may negotiate more favorable rates with payment channels, but the market speculates that the payment costs are also around 2%.
These two retail giants are expected to each exceed $700 billion in sales by 2025. If they both adopt stablecoin payments, they could save over $20 billion in payment costs.
If these giant enterprises can support stablecoin payments, it will undoubtedly play a super-boosting role in promoting cryptocurrency payments.
The "Genius Act" that determines the fate of stablecoins in the United States has passed multiple motions in the Senate, and the official Senate vote is expected on June 17 in the afternoon Eastern Time.
With the support of traditional giants, it is undoubtedly another major boon for the future development of stablecoins~
Currently, major traditional giants have expressed their intention to adopt stablecoins, for example, Shopify has partnered with Coinbase and Stripe to launch stablecoin payment features, allowing merchants to choose to receive payments in USDC.
The currency of the future will be issued by various stablecoin issuers.
Therefore, while stablecoins may be negative for banks, they are not necessarily negative for trading settlement intermediaries.
PayPal has issued its own stablecoin PayPal USD, and Mastercard also announced in April this year the launch of an integrated stablecoin acceptance solution from wallet to checkout.
VISA's actions are even faster, having supported the use of USDC for settlement through its VisaNet system, with a total settlement amount exceeding $225 million.
Relatively speaking, if Chinese tech giants like Ant Group/JD.com issue stablecoins, it would still be very difficult to compete with the giants of the US without support from local businesses~
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Walmart and Amazon are going to issue stablecoins.
A few days ago, it was reported that China's tech giant Ant Group will apply for a stablecoin license in Hong Kong and Singapore.
Today, traditional giants in the US are not idle either, as the Wall Street Journal reported that Walmart and Amazon are also exploring the issuance of their own stablecoins.
It is reported that Wal-Mart and Amazon are ready to apply stability directly to their own commodity trading scenarios.
Currently, the payment in the U.S. retail industry heavily relies on credit card payments, with fees usually being 2.9% + $0.30 (fixed fee) per transaction. Of course, large merchants like Amazon and Walmart may negotiate more favorable rates with payment channels, but the market speculates that the payment costs are also around 2%.
These two retail giants are expected to each exceed $700 billion in sales by 2025. If they both adopt stablecoin payments, they could save over $20 billion in payment costs.
If these giant enterprises can support stablecoin payments, it will undoubtedly play a super-boosting role in promoting cryptocurrency payments.
The "Genius Act" that determines the fate of stablecoins in the United States has passed multiple motions in the Senate, and the official Senate vote is expected on June 17 in the afternoon Eastern Time.
With the support of traditional giants, it is undoubtedly another major boon for the future development of stablecoins~
Currently, major traditional giants have expressed their intention to adopt stablecoins, for example, Shopify has partnered with Coinbase and Stripe to launch stablecoin payment features, allowing merchants to choose to receive payments in USDC.
The currency of the future will be issued by various stablecoin issuers.
Therefore, while stablecoins may be negative for banks, they are not necessarily negative for trading settlement intermediaries.
PayPal has issued its own stablecoin PayPal USD, and Mastercard also announced in April this year the launch of an integrated stablecoin acceptance solution from wallet to checkout.
VISA's actions are even faster, having supported the use of USDC for settlement through its VisaNet system, with a total settlement amount exceeding $225 million.
Relatively speaking, if Chinese tech giants like Ant Group/JD.com issue stablecoins, it would still be very difficult to compete with the giants of the US without support from local businesses~