Macro-investment strategist Lyn Alden says that Cryptocurrencies will revolutionize the international payments sector in the coming decades.
Alden tells her 316,700 Twitter followers that some of the crypto assets that will be used for global payments in the future will Bitcoin (BTC) as well as private and public stablecoins.
“International payment traffic will look very different in the coming decades than in the previous decades.
Regulated stablecoins, offshore stablecoins, central bank digital currencies, BTC, etc.
The macro-investment strategist responded to a report that Myanmar’s parallel government led by ousted leader Aung San Suu Kyi den Tether (USDT) Stablecoin designed as the official currency for local use.
“Chinese media reports that Myanmar’s government will now accept yuan in cross-border trade with China, while Myanmar’s parallel / displaced government introduces Tether USD, according to Bloomberg.”
Tether welcomed the development, saying that “the importance of this moment extends well beyond the potential of cryptocurrency to provide financial security”.
Earlier this year, Alden said the importance of bitcoins Lightning Network is underestimated in the payments industry.
The Lightning Network is a second-layer technology on the BitcoinBlockchain, which enables faster and cheaper transactions than would otherwise be possible.
“I think people are sleeping on the lightning network’s potential impact on the payments industry over the next five years.
As BTC base tier fees rise, the Lightning Network becomes more important. Apps / utility are slowly reaching a critical mass and liquidity can grow. “
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Source: Crypto News Deutsch