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Bloomberg Surveillance
Evolving Money: A Faster, Cheaper Way to Pay (Sponsored Content)
Jan 19, 2025
Jose Fernandez-Deponte, Senior Vice President of Digital Currencies at PayPal, discusses the revolutionary shift to digital payments through stablecoins like USDC. They explore how these innovations can lower transaction costs and enhance efficiency compared to traditional credit cards. The conversation highlights the benefits of stablecoins in international payments, emphasizing their role in facilitating faster transactions and better exchange rates. Fernandez-Deponte shares insights into how this technology can empower small businesses and transform financial operations.
16:33
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Quick takeaways
- The evolution of digital payments, driven by innovations like stablecoins, reduces transaction costs and enhances transaction speeds for businesses and consumers.
- Stablecoins are revolutionizing cross-border payments, empowering small businesses by simplifying international transactions and expanding their market reach.
Deep dives
The Cashless Transition and Its Challenges
The rise of cashless transactions highlights the seamless nature of modern payments; however, challenges such as transaction fees and delays persist. As people increasingly rely on digital payment methods, they find themselves facing added costs like surcharges for credit card payments. The transition away from cash represents not only a lifestyle change but also questions the efficiency of current systems. Overall, the podcast emphasizes that advancements in technology are paving the way for improvements in the cashless economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode