Airwallex CEO Don Start Wahala Pipo Talk Say Stablecoins Role And Fees For Cross-Border Payments No Good

Airwallex oga, Jack Zhang, don ask wetin stablecoins take dey do for money wey dem send from one country go another, e say normal finance don dey send big money transfer with small fee, less than 0.01%, and e quick-quick settle – wetin be say e cheap pass and fast pass wetin stablecoin off-ramps go give. Him talk make crypto people vex well-well, dem say old services fit still get hidden charges and slow process, while stablecoins fit give faster, cheaper transfers, especially for places wey economy dey grow. Industry people don talk say stablecoins dey ginger new global payment system wey no get central control, and e dey challenge how existing fintech companies dey do business. Recent data don show say stablecoins dey increasingly give fast, small-fee B2B and emerging market payments, areas wey banks and fintech firms bin dey rule before. This ongoing gbege dey show big question for industry: whether make dem fix old payment systems or make dem rebuild global payment roads for better inclusion and make things work well. Crypto traders suppose know say, how this technology fight go end fit affect how people go adopt stablecoin and how much fintech companies go worth.