Crypto Powered Payments - TOKEN2049 London 2022
Explore the intersection of crypto and traditional finance with 'Crypto Powered Payments' from TOKEN2049 London 2022. In this insightful talk, Chris, co-founder of BVNK, delves into how blockchain technology is transforming the payments landscape. Contrary to simply upgrading user interfaces on legacy systems, BVNK is pioneering a foundational shift to blockchain-based solutions, offering cross-border payments and crypto payment gateways that facilitate transactions for traditional merchants.
Chris highlights the exponential growth and adoption of blockchain technologies, using compelling data to demonstrate crypto's swift evolution compared to traditional tech giants. He underscores the trajectory of widespread crypto adoption, with Ethereum and Bitcoin playing significant roles in validating transactions worth billions daily, thus underpinning a burgeoning global digital economy.
While Bitcoin faces challenges as a mainstream payment method due to its volatility and scalability issues, Ethereum emerges as a leader, especially with the surge in stablecoin issuance demonstrating a viable solution for global transactions. These stablecoins offer low volatility, cost-effective transactions, and enhanced accessibility, positioning them as a new standard in digital currency.
The talk stresses the necessity of end-user and merchant adoption to propel crypto payments into the mainstream. Emerging markets are at the forefront, leveraging crypto to transcend borders and unlock trapped capital within the traditional Swift network.
Join us on this journey into the future of financial technology. Engage with the video by liking, commenting, and subscribing for more valuable insights from TOKEN2049.
