8min chapter

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Big Tech Goes Stablecoin: Amazon, Alipay and Grab Unveil Plans

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CHAPTER

Revolutionizing Payments with Stablecoins

This chapter examines the collaboration between major payment players like Alipay and Grab in advancing payment systems through stablecoins in Singapore. It highlights the efficiency and speed benefits for merchants and consumers, as well as the transformative potential of these technologies in cross-border transactions. The discussion also addresses the future of digital wallets, emphasizing the need for open-loop systems to enhance connectivity and reduce costs.

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