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eco
@eco
As @coindesk's Consensus2024 says howdy to Austin this week, we’re seeing a lot of exciting updates for stablecoins & crypto payments. Institutions are focusing their attention on payment rails, including paypal, visa, circle and mastercard
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eco
@eco
1/ Big news from #Consensus2024 for @solana and Paypal Paypal takes their PYUSD stablecoin multi-chain to Solana for speed, but also to take advantage of Solana’s token extensions for private transactions, critical for wider adoption of crypto payments. https://x.com/solana/status/1795802766700605873
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eco
@eco
2/ @gnosispay pairs with Visa to allow users to swipe & spend crypto IRL. The Gnosis Pay crypto-linked Visa card is available in the UK and Europe, and uses Gnosis as a bridge to instantly access to cash after a payment is made. https://x.com/gnosispay/status/1795506305957790174
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eco
@eco
3/ @circle announced their launch in Brazil. They are partnering with local banking companies for near-instant and low-cost access for businesses to mint and redeem USDC. Over 200,000 customers in the region already use USDC 👀 https://x.com/circle/status/1795801787959554145
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eco
@eco
4/ Mastercard's Crypto Credential goes live with their first peer-to-peer pilot transactions. mastercard is using aliases, instead of long blockchain addresses, and plans to use the Crypto Credential for other use cases like ticketing & NFTs. https://x.com/MastercardNews/status/1795812231407349887
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eco
@eco
Why does this matter? Digital money is only as good as its network effect. Adoption by large institutions improves access and makes it possible for users to spend their funds in the real world. Have you seen other examples of crypto payments we might have missed? Let us know!
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