See Stablecoin Adoption Outside US First: PayPal SVP of Blockchain

The video discusses the role of cryptocurrencies in the payment system, focusing on the current and potential future adoption of stable coins. It highlights the limited use of crypto for consumer transactions, with more traction in B2B commerce due to cost savings and reduced risks. The video also explores the potential for stable coins to gain adoption outside the US and in digital goods markets.

What is the current trend in using cryptocurrencies like Bitcoin for transactions?

• They are mostly used for buying real estate.

• They are primarily held for appreciation.

• They are used for paying taxes.

• They are widely used for everyday purchases.

Why might stable coins see adoption outside the US before within?

• They facilitate international purchases more easily.

• They are not subject to US regulations.

• They offer better interest rates.

• They are more stable than local currencies.

In which area are stable coins currently gaining traction?

• B2B transactions

• Retail shopping

• Real estate investments

• Personal savings

What is one benefit of using stable coins in B2B transactions?

• Higher counterparty risk

• Increased transaction fees

• Longer transaction times

• Reduced wiring fees

What is a potential advantage of using stable coins for international B2B payments?

• Longer transaction times

• Increased counterparty risk

• Better forex rates

• Higher transaction costs