Why 70% of PSPs Still Won’t Touch Crypto

On Ep. 7 of Stablecoin Stories, Simon Taylor, Head of Market Development @ Tempo and Ran Goldi, SVP Payments, Fireblocks are joined by John Egan, Chief Product Officer @ Polygon to discuss the utility theory that blockchain should be used for money, only 30% of PSPs own stablecoin infrastructure and more!

Timestamps:

• 00:00 Introduction
• 5:51 Institutional users demand data proof of value
• 7:58 Utility theory that blockchain should be used for money
• 11:33 MiCA license sparked stablecoin adoption in payments
• 16:30 Only 30% of PSPs own stablecoin infrastructure
• 22:33 Open Money Stack integrates multiple stablecoin vendors into API
• 27:35 Polygon is the leading chain for stablecoin payments
• 35:15 Stablecoins create new use cases, not replacing Swift
• 43:36 Stablecoins become invisible and are just called money

Tokenized is sponsored by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is also presented by Fireblocks

With over $100 billion in monthly stablecoin volume, Fireblocks powers stablecoin strategies at scale with infrastructure that enables PSPs, fintechs, remitters and banks to issue, move, hold, and manage stablecoins. And it’s all done securely, at scale, and with built-in compliance. Learn more at fireblocks.com

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

Music by Henry McLean