Borderless.xyz

How do stablecoins help the underbanked and help people in cash heavy emerging markets? Stablecoins in wallet apps are the easiest way to hold USD (and other currencies) on any smart phone giving anyone around the world a "dollar account". Sign up in 30 seconds, anywhere in the world with an internet connection. But, are they actually useful and how can people use them on their average daily purchases where merchants don't accept onchain money yet? I had the chance to touch on alternative payment methods speaking at the Crypto AI:CON - See you 2025 ?? in Lisbon earlier this month with Ethan Pierse, Diana Stetiu, and Gast?o F. on some of the work Borderless.xyz is doing in this space.

Our CEO, Kevin Lehtiniitty, speaking on the future of stablecoin payments at Crypto AI:CON - See you 2025 ??:

Elaborating further on the resignation of Gensler was George S. Georgiades, Esq., general counsel at stablecoin payments network Borderless.xyz, who said an SEC Chair who is more open to working with the crypto industry would be a major plus for the ecosystem as a whole. “The resignation of Chairman Gensler offers an opportunity to move beyond a tenure characterized by ‘regulation by enforcement’ to fostering meaningful engagement between regulators and market participants toward developing a regulatory framework that fosters innovation, protects consumers, and ensures market integrity,” he said in a note shared with Kitco Crypto. “A change in leadership and new approach to governance by the SEC, as well as other agencies, will be instrumental in positioning the United States as a global leader in the advancement of blockchain technology and digital assets.” Read the full article on Kitco Metals Inc.: https://lnkd.in/gW6NrJDc

???Krypto Payments: Wann kommt die Massenadaption? Digitale Assets spielen im Zahlungsverkehr eine immer wichtigere Rolle. Bereits 560 Millionen Menschen weltweit nutzen Kryptow?hrungen, und der Trend zeigt klar nach oben. Dabei kristallisieren sich #Stablecoins als "Killer-App" heraus - mit einer beeindruckenden Marktkapitalisierung von über 180 Mrd. USD! Die jüngsten Entwicklungen zeigen: Die Branche ist in Bewegung! ? Stripe's Comeback im Krypto-Markt ? Ingenico & Crypto.com erm?glichen Krypto POS-Zahlungen ? Visa & Coinbase machen Kryptow?hrungen noch zug?nglicher ? Fireblocks & Borderless.xyz adressieren die steigende Nachfrage nach sicheren Krypto-Transaktionen für Unternehmen Die Integration von Krypto-Zahlungen in bestehende Zahlungssysteme schreitet rapide voran. Eine spannende Frage bleibt: Wie werden traditionelle Banken auf diese Entwicklung reagieren??K?nnen sie durch Partnerschaften oder eigene DLT-Initiativen wettbewerbsf?hig bleiben? ???Mehr erfahren:?Link zur vollst?ndigen Analyse in den Kommentaren.

Global Payments for local consumption is sincerely a mess. Our partnership with Borderless.xyz is a move in the right direction to help streamline these pain points. We aren't just talking the talk, we are implementing the talk @ Payd HQ. #GlobalPayments #Gigworkers #GigEconomy ??

Goodbye Gary Gensler. What does this mean for crypto? Our GC George S. Georgiades, Esq. spoke with TheStreet on the very topic: https://lnkd.in/g8maYexa

Gig workers and freelancers, many of which live in emerging markets, already have enough challenges running their small business. Getting paid shouldn't have to be one of them. With stablecoin based transfers, gig workers and freelancers can get paid locally in markets like the US and EU and transfer the funds home to Africa, LATAM, etc for fractions of the cost of traditional remittances. I'm excited Payd HQ's has partnered with Borderless.xyz to power their stablecoin liquidity and local collections enabling the world get "Payd"! I can't wait to see what Benaiah and his team do next!

We're extremely excited to be working with Benaiah and his team at Payd HQ to enable accessible, fast, and now cost remittances for gig workers, creators, and freelancers. Leveraging our Global Transfer Protocol, the Payd platform can empower their users with local collections in the US and EU that settle via stablecoins into bank accounts around the world.

I really enjoyed speaking at Crypto AI:CON - See you 2025 ?? and representing Borderless.xyz's perspective on stablecoins and cross-border payments. Why is this such a trending topic? Especially in emerging markets, stablecoins hit the trifecta: (1) Improved Availability - It's significantly easier for consumers and business to hold USDC, USDT and other dollar denominated stablecoins than it is for them to get US bank accounts or multi currency accounts with access to USD. (2) Decreased Cost - Moving value across borders in the stablecoin costs a fraction in both transaction and FX costs than SWIFT and traditional correspondent banking without the currency risk (and associated cost) of holding liquidity pools across various regions. (3) Increased Speed - Transactions settle globally in seconds. Not only is this a better experience but it further decreases costs especially in areas with volatile currencies. tl;dr: it's faster, cheaper, better. Thanks to Ethan Pierse, Diana Stetiu, and Gast?o F. for being excellent co-panelists!

?? What does #Bitcoin all time high mean for stablecoins? ?? Kevin Lehtiniitty, CEO of?Borderless.xyz, told Benzinga that Bitcoin’s surge could impact #stablecoins, which are often used as a store of value on trading platforms. As Bitcoin's price rise brings more funds into the crypto market, stablecoins might see net outflows as traders reposition into other tokens. "With the majority of stablecoin collateral invested in US Treasuries, this will create sell pressure in those instruments at a time when the Fed has just lowered rates," Lehtiniitty said, hinting at potential broader impacts on traditional finance markets. https://lnkd.in/gYn36XEw