Are Payment Providers Vital to the Mass Adoption of Digital Currencies?
summary
Panelists report concrete progress and constraints: global users rise from 300 million to ~1 billion within a year, payments and remittance drive growth, and real projects exist — Bankera PSP spin-off (2017) serving fiat rails, an online gateway plus HyperBC HPOS and Hypercard that settle crypto to fiat and plug into Visa/Mastercard, an receipts aggregator that planted 100,000 trees, and developers accepting crypto for UAE license and real estate. Integration with Stripe/Square and banks using crypto for interbank settlement are underway, but merchant onboarding and fiat exit remain the bottlenecks.
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chapters (7)
- 0:00Mass adoption of digital currencies
- 1:04Panelist introductions
- 4:35Payment providers' role in adoption
- 9:34User base and growth
- 13:27Real-world crypto necessity
- 15:55Crypto-finance integration
- 18:01Cross-border payments future
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