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Why Blockchain Payments Are Making a Comeback (Long Text)
Authors: Meng Yan, Shao Qing
As we approach the end of 2024, blockchain payments have suddenly accelerated. Many mainstream financial institutions have begun to increase their support for blockchain payments:
- On September 26, BlackRock collaborated with Ethena to issue the US dollar stablecoin USDb.
- On October 3, PayPal partnered with Ernst & Young to complete the first stablecoin commercial remittance using its self-issued PYUSD.
- On October 3, VISA announced the VTAP platform to help institutions self-issue and operate stablecoins.
- On October 3, SWIFT announced it would launch experiments in digital currency and digital asset trading in 2025.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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