The corporate payments landscape is changing—fast. If you’re a business, you should pay attention.
Here’s why 👇
Stablecoins are driving a payments revolution. These digital assets allow businesses to transfer value across borders instantly, without traditional fees or delays.
PayPal recently completed its first B2B crypto payment to EY using PayPal USD (PYUSD). This transaction, processed via Coinbase Prime and SAP’s Digital Currency Hub, was completed instantly.
Key Benefits:
Instant Payments: No more waiting 30 days for payments—get paid instantly.
Cost Efficiency: Eliminate wire fees and international banking charges.
Improved Cash Flow: Faster payments free up capital for business growth.
Better Treasury Management: Crypto simplifies financial operations.
No Currency Risk: Stablecoins like PYUSD are pegged to fiat currencies, reducing volatility.
It’s not just PayPal making moves. Google Cloud is using crypto to streamline financial operations, and big names like Visa, Mastercard, Santander, and American Express are already using blockchain to improve global transactions.
Why This Matters: Stablecoins are not just for crypto companies anymore. In 2022, stablecoin settlements surpassed $8T, outpacing Mastercard and American Express. The cross-border payment market is expected to reach $290T by 2030. With regulations like the MiCA Act coming, now is the perfect time to explore stablecoins for your business.
Zooming in: Coinbase Prime is serving institutional clients with over 240 tradeable assets and $189B quarterly institutional trading volume. Whereas, SAP Digital Currency Hub allows businesses to send and receive digital payments instantly.
By the data: 69% of accredited investors have used digital assets like crypto or stablecoins for payments at least once in 2023.
Among those using digital assets for payments, the most frequently used stablecoins are PYUSD (47%) and USDC (38%).
What they’re saying:
“As capital markets move towards 24/7 availability, the demand for instant, always-on digital payments is becoming more important for businesses of all sizes”
Richard Widmann, Head of Web3 Strategy, Google Cloud
What’s Next? Crypto payments are happening now. Is your business ready to take advantage? This is a pivotal moment—embrace the future of payments and unlock new opportunities.
👉 Keep an eye out for our upcoming deep dive on stablecoin opportunities for businesses.
With enterprises embracing B2B payments using stablecoins, the market is set for disruption. Major players like BlackRock, Robinhood, and Revolut are entering the space, challenging Tether's dominance and setting the stage for increased competition.
Stablecoins are no more just ties to retail users.
Stablecoin solutions could reshape how businesses manage payments globally.
That’s all for today.
Talk soon,
51 Insights Research Team
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