196. Insights: Visa's USDC settlement launch and what are the real world use cases for CBDCs?

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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.

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Introduction

00:00 • 2min

Insights from Crypto and CBDC Experts at WorldPay and Visa

01:54 • 1min

The Rise of CBDCs and the Expansion of Digital Currency Settlement

03:24 • 3min

The Potential of Stablecoins in B2B Payments

06:50 • 22min

Sponsor Ad for Visa and 11FS Pulse

28:30 • 2min

Differences Between CBDC and Stablecoins

30:02 • 15min

Exploring ZK Cryptography and the Future of Open Source Software

44:56 • 2min

gm. Mauricio Magaldi and Cuy Sheffield are back this week, this time talking all things USDC settlement, CBDCs and the difference between CBDCs and stablecoins.

Following our discussion around the development of stablecoin in our last episode, we thought it would be fitting to dive deeper into another type of digital currency that is closely related to fiat, CBDC, or Central Bank Digital Currency.

Banks are looking to CBDCs as a form of currency that expedites transactions and increases the security of payments between banks, institutions, and individuals and we look at the biggest news stories and developments around the world for CBDCs.

Not only that but Visa has some news of its own:
Just last week, Visa expanded its use of US Dollar Coin (USDC) for digital currency settlement, adding pilot programs globally with WorldPay, Nuvei, and Xapo, modernising large value, cross-border payments, for end-to-end digital currency settlement over blockchain.

We get into that and much more!

We are also joined by some amazing guests:

Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle
Mina Khattak, Senior Director of Crypto, at Worldpay
Catherine Gu, Head of CBDC & Protocols, Visa

Just a quick reminder - nothing we share here is legal, tax or financial advice. Views or opinions expressed by the panel are their own and do not necessarily reflect the view of the entities they are representing.

This episode is sponsored by Visa.

This episode is brought to you by Visa, one of the world's leaders in digital payments. Crypto has opened up a new world of possibilities, and Visa’s helping everyone take part. Consumers now can enjoy the freedom and flexibility of using their Visa crypto-linked cards for everyday purchases at millions of Visa-accepting merchant locations around the world. Join us in this new money movement; learn more visa.com/crypto.

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Want to join the conversation on all the topics discussed? Tweet the show at: www.twitter.com/bchaininsider

Special Guests: Catherine Gu, Dante A. Disparte , and Mina Khattak.