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Miha Vidmar Reveals How Long It Will Take for Crypto to Be as Accepted as Fiat Currency
In this video, Miha Vidmar, Chief Product Officer at Bitstamp joins FF News’ Douglas Mackenzie for a virtual discussion about the cultural acceptance of cryptocurrency in the modern day. Miha gives us his insight on how long he thinks it will take for crypto to be accepted on the same level as fiat currency.
“We’re probably not that far out considering that stablecoins will probably make the first move. So, the biggest issue with using crypto as payment is price volatility. So, that’s a gap and the question is do you really want broad crypto to be accepted as payments? It’s just one subset of stablecoins that are really fit for purpose for that and they’re sort of getting there.”
“There’s a lot of payments actually being facilitated already. So, a lot of it is being used for remittance. Globally, it’s not something that we tell clients to use but it’s something that companies might use for moving large transfers around just because they’re actually a lot more price competitive compared to like fiat rails.”
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Lorum Extends Correspondent Rails Into Yield, Taking on the BNY Model for Mid-market Financial Institutions
Lorum today announced the upcoming launch of a yield-bearing capability within its cash management offering for institutional treasurers. The capability extends Lorum's existing cash management service, giving treasurers access to money market instruments alongside the multi-currency clearing, custody, and FX they already use, through a single account structure. Clients will be able to earn yield on idle balances held on the platform, including dollars held for foreign exchange execution, operational liquidity buffers, and funding held between collection and payout cycles.
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Hey Savi and PayPal Launch UK’s First Agentic Commerce Platform with In-App Checkout; Debenhams Group Joins as First Retail Adopter
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BHM Capital Becomes First UAE Financial Institution to Connect Clients to Amman Stock Exchange Through ADX’s Tabadul Platform
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