Stebblecoins can be attractive to those who often have to make cross -border payments that take a lot of time and requiring large commissions, Sheffield explained.
According to him, VISA is not worried about the fact that large companies began to use stablecoins more often – even if these companies offer customers new payment methods without using bank cards. According to Sheffield, stablecoins will not have a significant impact on how most consumers make purchases. Stebblecoins are unlikely to make radical changes to everyday retail payments, since most of the operations with stablecoins are associated with large transfers, and not with daily transactions, said Visa top manager.
Steiblcoins are especially actively used in Latin America: in Brazil, Colombia, Chile and Argentina. VISA also observes the frequent use of stablecoins in Kenya, Nigeria and some countries of the Asia-Pacific region. Stebblecoins expand people’s access to financial services in developing countries, where traditional banking systems can be ineffective.
“Stebblecoins have become a bridge that connects developing markets with companies in developed countries, expanding economic capabilities in both directions. Stebblecoins allow us to serve consumers who do not have much of what is in the USA and Europe, ”said Visa top manager.
According to the forecast of Sheffield, in the next couple of years, the demand for non -alllar stabilcoins will increase significantly, since the market should have the opportunity to quickly and effectively convert funds. Earlier, Sheffield said that Visa carefully monitors the development of non -replaced tokens (NFT).
Source: Bits
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