Fireblocks, a blockchain platform, has processed over $3 trillion in client transfers, with stablecoins accounting for over 50% of the transactions.
Experts at the Blockchain Expert conference in Tel Aviv predict that all payments worldwide will be instantaneous in a few years.
Bitcoin has lost its edge in cross-border payments, while stablecoins like PayPal's PYUSD are gaining popularity due to their instant and cheaper transfer capabilities.
Banks are facing challenges in the digital era, in terms of outdated infrastructure, while central bank digital currencies (CBDCs) are seen as a revolutionary tool for greater monetary control.