ClearBank’s Post

There's a lot of buzz about stablecoins in the fintech community right now. But we're just scratching the surface of what fintechs will achieve. If the opinions of this cohort of leaders are anything to go by, stablecoins are back on the agenda. In this report, we spoke to leaders at different points in the payments value chain: stablecoin issuers like Paxos, embedded banking providers like ClearBank, B2B payments fintechs like Freemarket and VCs like General Catalyst. We asked: how are you thinking about stablecoins and what progress will be made this year? Here are a few things they told us: - Market timing is a challenge we need regulators, banks and governments to come on board. But with stablecoins we’ll find the next category-defining business. - Traditional financial institutions (FIs) are experimenting. When they see clear ROI, they’ll start rolling out stablecoin rails to other countries – this will be a pivotal moment for market readiness. - Stablecoins will reach a market cap of $250bn by the end of 2024, growing 2-3x the pace of the crypto market overall. - Providers with the right licences will be in a stronger position to launch stablecoin products and offer those to other FIs. - By the end of 2024 we’ll see some marquee partnerships where traditional fintechs are launching a full stablecoin solution, wallets pay-ins and payouts. For those thinking about adding stablecoins to their tech stack, I hope this collection of views, along with summaries of use cases, can provide some useful perspectives. https://lnkd.in/dh7ZAfg2

Borderless.xyz emerges from stealth mode to announce +$3M Pre-Seed and launch of its Global Transaction Protocol!   Backed by Amity Ventures and industry leaders from both traditional finance and crypto, Borderless.xyz is building a new payments network that connects liquidity from stablecoin-enabled financial institutions all over the world across different blockchains and stablecoins into one orchestration layer and liquidity network to enable money to be moved anywhere at any time. Borderless.xyz is doing for stablecoin-enabled financial institutions what Visa did for banks by providing global cross-border payments on top of a unified and compliant network.    The long promised “payments” use case of crypto is starting to finally come to fruition and the next financial network will be Borderless!

How are fintechs thinking about stablecoins in their product strategies? Fintechs are busy doing what they do best: experimenting, learning and developing stablecoin products. We spoke to leaders from ClearBank, Freemarket, General Catalyst and BVNK and more. Download our new report to read their take 👇 Big thanks to Nicki Cho for pulling this together 👏 such an interesting read!

Ten takeaways from Money20/20 US 2023 Money20/20 US, held in Las Vegas, once again recertified itself as the must-attend fintech event of the year. This was our 10th year attending the conference and it continues to deliver, both in terms of the breadth of vendors and caliber of attendees. In this report, we share highlights from our more than 30 meetings, and discuss key observations from our time in conference sessions and on the show floor. The Take Money20/20 continues to excel at bringing the full fintech ecosystem together at scale. While there was no shortage of themes on display, running the gamut from regulation and real-time payments to artificial intelligence and open banking, it is difficult to pinpoint a single topic that dominated. In many ways, this indicates the diversity of activity occurring across the industry. What was clear in our meetings is that infrastructure is in focus. https://ow.ly/ObPJ50QvrJp #Banking #Fintech #Crypto

Global cross-border payments is undergoing a transformation, these changes will redefine how transactions are executed and also provide insights into the future of financial exchanges. Convening a gathering of payments, bank, fintech, fraud, trade and government executives, Fintech Without Borders Forum will explore the emerging opportunities and challenges facing the cross-border payments industry. Grab your pass at 50% off, providing you with an opportunity to stay at the forefront of the borderless fintech market, engage with solution/service providers, learn about trends shaping the future of cross-border payments amongst others. Don’t miss out on this opportunity to engage, meet, learn and network with leading industry players, join us on the 25th of October in London. 🎟 Book your pass now and secure your participation at this important gathering: https://fb.eventhive.ng FF News | Fintech Finance ZEX PR WIRE® Coinpedia - Crypto & Fintech News Media Fintech Review CryptoNewsZ SmartMoneyMatch Electronic Money Association Global Digital Finance The Payments Association Innovate Finance FINTECH Circle Fintech Week London #Payments #Fraud #CrossBorder #Trade #Fintech #FX #Liquidity #UK #Interoperability #Global #DigitalCurrency

𝐍𝐞𝐨 𝐁𝐚𝐧𝐤𝐬 – 𝐁𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐚𝐩 Neo Banks, an emergent force in the financial sector, blend traditional finance principles with modern technology. These digital-only banks provide banking services exclusively online or through mobile apps, without physical branches. They offer streamlined, user-friendly experiences, often with lower fees and innovative features compared to traditional banks. While they are shaking up the banking industry, Neo Banks still operate under the regulatory frameworks of traditional finance, offering a balance between innovation and security. A clear understanding of traditional finance, Neo Banks, and DeFi is essential in the modern financial landscape. This guide provides a foundation for exploring these diverse financial systems, encouraging informed and responsible engagement. Learn More: https://lnkd.in/dMhhx5mr #Finance #DeFi #NeoBanks #BusinessGrowth #Entrepreneurship #Innovation #Global12Banking #Global12Banking #Global12Crypto #BankingPartner #Global12Securities #Global12 #BuyCrypto #SellCrypto #DigitalBanking #fintech #PrivateInvestments #investment #CryptoWallet #Mastercard #CryptoCreditCard #InternationalBanking #PrivateBank #BankSecurity

The adoption of Rand-based stablecoin ZARP by global exchange #Bybit marks a pivotal moment in SA's fintech landscape. ZARP offers a programmable #Rand 24/7, propelling #financialinnovation and inclusion outside traditional banking. #ZARP #StablecoinStandard 🇿🇦💰 https://lnkd.in/dEqfsxx3

For the last 10 years, neobanks built a layer of software on top of traditional banks. The next generation will build software on top of stablecoin infrastructure. Why? 1. Stablecoins are globally accessible 2. Lower transaction costs, esp. cross-border 3. Ledger is transparent and verifiable 4. Regulatory advantages 5. Instant settlement 6. Faster to build + access to innovations like DeFi Let's update the system.

Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions The future of the money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness of instant payments growing in the U.S. since the launch of the FedNow® Service last July, organizations and observers may wonder whether the benefits of instant payment rails will render blockchain-based solutions, like stablecoins, obsolete. That’s because the RTP Network and FedNow Service both offer near-instantaneous, secure and cost-effective transactions. These systems are being developed and implemented by banks and financial institutions to modernize and expedite traditional financial services by completing transactions in seconds compared to days. Eliminating processing delays for a better user experience is a key value proposition of both stablecoins and traditional instant payment platforms. But, notably, the FedNow Service does not support the integration of cryptocurrencies or distributed ledger technology. The competition between instant payment systems and cryptocurrencies, particularly stablecoins, highlights a broader shift toward faster, more efficient financial transactions. Each offers a unique approach to solving the inefficiencies of traditional banking systems, but their coexistence raises questions about the future of financial transactions. As the landscape evolves, the ultimate winners will be those that can offer winning, scalable and secure solutions that meet the diverse needs of users around the globe. News credit PYMNTS #news #technews #fintech #fintechnews #finance #financenews #usdt #cryptootc #OTC

Great to see Arf going from strength to strength & firing straight past $2Bn on-chain volumes. The company has come on leaps and bounds since I first got to know Ali Erhat N. & team a couple of years back. #stablecoins #fintech #teamwork