Blockchain Insider Podcast by 11:FS
196. Insights: Visa's USDC settlement launch and what are the real world use cases for CBDCs?
Sep 20, 2023
Mauricio Magaldi and Cuy Sheffield discuss USDC settlement and CBDCs. They explore the potential use cases for CBDCs and the differences between CBDCs and stablecoins. They also dissect Visa's recent expansion of USDC for digital currency settlement. Guests from Circle, WorldPay, and Visa share their insights on crypto and blockchain. The episode touches on the rise of CBDCs, stablecoins in B2B payments, and the differences between CBDCs and stablecoins. They also discuss ZK cryptography and the future of open source software.
47:16
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Quick takeaways
- CBDCs and stablecoins address various use cases and challenges in the financial industry, such as faster and more secure transactions and increased accessibility.
- Visa's partnership with various companies and its use of USDC settlement aim to modernize cross-border payments, eliminate currency conversion, and improve efficiency.
Deep dives
CBDCs and Stablecoins: Exploring the Differences
In this podcast episode, the panel discusses the difference between central bank digital currencies (CBDCs) and stablecoins. CBDCs are digital forms of money issued and backed by central banks, while stablecoins are crypto-based digital currencies that are designed to maintain a stable value. The panel explores how CBDCs and stablecoins can address various use cases and challenges in the financial industry, including faster and more secure transactions, increased accessibility, and interoperability. They also discuss the importance of privacy in the evolving landscape of CBDCs and stablecoins, highlighting the need for scalable solutions that balance transparency and confidentiality.
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