Macinnerni believes that the calculations in stabilcoins are still in the “intake state”. Before stablecoins are fully used for international payments, laws should appear in different countries governing the release and circulation of stable cryptocurrencies. Visa CEO praised the efforts of the US authorities, who adopted the law on stablcoins, and expressed the hope that such legislative initiatives would appear in other states.
“It is too early to judge this, but we see the real potential of stablecoins. On the one hand, $ 200 million is a significant result. On the other hand, this is still a relatively small share of the total volume of our calculations, ”said Mcynerny.
Visa tests stablecoins through the Visa Direct service, paying attention to international transfers in real time, where there are long -term delays in calculations. The payment company also uses the VISA TOKENIZED Asset Platform platform so that banks can produce and use stablecoins for “new types of programmable financing,” Macinnerny said.
The founder of the Blockon Ventures, Jagdish Pandya, believes that the daily transaction volume of $ 5-7 trillion exceeds the daily volume of transactions with stablecoins, which is estimated at $ 20-30 billion. However, taking into account the volume billion, the market is still at an early stage of development, like electronic commerce of the late 90s, Pandya believes.
Recently, the head of the cryptocurrency unit, Visa, Kai Sheffield, said that the real value of stablecoins is the availability of large international calculations and money transactions, and not in small daily transactions.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
