Stripe explores alliances with banks to help you integrate stablcoins

By Hannah Pérez

The president of Stripe said that the company is in early conversations with banks, which are “very interested” in integrating the stablecoins.

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Stripe is in early conversations with banks for integration of Stablecoins.
President of the company talked about the interest of banks and the importance of modernizing payments.
The last sign of the global relevance taken by the stablecoins in the payments.
Stripe anticipates that tokens with fiduciary parity will dominate their business in the future.

THE GIANT OF PAYMENTS Stripe Apparently he is collaborating with banks to help them channel their interest in Stablcoins as this kind of tokens gains more and more land within the global payment industry.

In an interview for Bloomberg published on Friday, the co -founder and president of StripeJohn Collison, said that the company has been held early conversations with banks about the possible integration of Stablecoins

“In the conversations we have with them, they are very interested“said Collison.

“It is not something that banks are leaving aside or trying as a passing fad. Banks are very interested in how to integrate Stablecoins into their product offer“He continued to say to that news agency.

Banks are “very interested” in the stablecoins

The Stablecoinsa type of token based on Blockchain Linked to a real asset – ultimately a fiduciary currency such as the US dollar.

Once a niche inside cryptocurrencies, Stablecoins They have grown to reach a market capitalization of USD $ 250,000 million today, becoming a new pillar of global finances. Also called stable currencies, in Spanish, allow transactions to be liquidated in seconds, thus providing advantages against the system inherited.

In the classic banking system, international payments may take several days to complete and incur high commissions, presenting friction for the end user. With the Stablecoinsthis process can be expedited in terms of speed, in addition to being much cheaper and fluid, both for banks and users.

Faster payments with lower costs

Stripewho has recently been betting on Stablecoins To innovate your payment business, you have noticed some of the advantages involved in integrating this kind of assets for everyday processes, once cumbersome.

“It is an extremely expensive process”Collison said talking about currency exchange operations between banks when sending money abroad.”In addition, it is very slow, since it can take several days. No one is satisfied with this current situation. I think we will see how these profit margins begin to be questioned”

Heavyweights of the industry such as PayPal, Visa and the giant French bank I société générale They have been integrating the Stablecoins. This week, it was reported that the bank Santander You are exploring to add stablcoins to your products or even create your own. Great American banks JPMorgan, Citi and Bank of America They are others who consider launching their own whole token.

Stripe trusts that Stablcoins will be the nucleus of his business

The director of Stripe He expressed in this regard his confidence that the company’s new products will help reduce costs for both institutions and users who send and receive remittances.

The financial multinational with double headquarters in Ireland and the United States has presented a series of products related to Stablecoins In recent months, including a platform in alliance with Visa to allow the Fintechs to quickly start their own card programs linked to Stablecoin For customers.

These efforts occur after Stripe will complete at the beginning of the year the acquisition of the platform of Stablecoins Bridge for USD $ 1.1 billion. As a result, it now has a team of around 100 employees working on Stablecoins and cryptocurrencies.

“Much of our future payment volume will be in Stablecoins“said Collison to Bloomberg. “This is, without a doubt, a large part of our business in the future”

Hannah Estefanía Pérez / Diariobitcoin

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