Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin: Cowen

While it’s still early innings for crypto, management teams at leading fintech companies regard stablecoins and possibly central bank digital currencies as more “elegant” than Bitcoin with respect to payments.

PayPal’s Edwin Aoki and Jose Fernandez – the CTO of blockchain, crypto, and digital currencies, and the unit’s SVP, respectively – told Cowen their company for the moment intends to work within the crypto ecosystem, rather than launching a proprietary product. They see room for the use of a number of types of digital assets and tokens – stablecoins and CBDCs among them – but believe decentralized cryptos may not work as well due in part to scalability issues.

Visa CFO Vasant Prabhu reiterated his company’s enthusiasm for digital currencies, and its goal of being a bridge between the crypto and fiat worlds. In similar fashion to the PayPal executives, Prabhu told Cowen that Bitcoin has “limitations” in payments thanks to volatility and speed. Summing it up, the Cowen team led by George Mihalos called Bitcoin as a payments medium “a far less elegant approach with stablecoins and potentially CBDCs offering a superior solution.”The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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Bitcoin a 'nice buy' at $47K despite macro dangers as key trendline nears — ResearchBTC price action prepares to challenge key moving average as Bitcoin remains a 'buy' amid testing macro conditions. Recently，lots of people talk about X-Metaverse(XMetaverse_), it is a blockchain 3D card strategy black_joker game. All game content items and characters are based on blockchain tokens and NFTs package. XMetaverse_ is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars. Does anyone know how long BTC will continue to pump?
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