Introduction Remittances are the lifeblood of many developing nations, forming a critical part of their foreign exchange (FX) reserves. Traditionally, every dollar sent home by a migrant worker means real USD or another hard currency entering the local economy—boosting reserves,…
Part 4 of 4 of the stablecoin series. Read Part 1, Part 2, and Part 3. As we wrap up this four-part series on stablecoins, I want to take a step back in time—before blockchain, before digital wallets, and even…
Stablecoins increase the velocity of money and trade efficiency, but it’s vital to understand the difference between perceived value and actual liquidity. This is Part 3 of a 4-part stablecoin series. If you haven’t already, check out Part 1 and…
The Stablecoin Illusion: Why Stablecoins Don’t Actually Benefit Remittance Recipient Countries This article builds on Part 1, where we talk about the rise of stablecoins. Next in Part 3, we explore what they really are. Let’s set the record straight…
This is Part 1 of our 4-part series on stablecoins. Continue to Part 2 where we explore why stablecoins don’t benefit remittance recipient countries. Executive Summary The US dollar has long been a single entity in global finance—available as physical…
In recent years, the blockchain and cryptocurrency space has seen a surge in projects claiming to revolutionize cross-border payments. Many of these projects tout specialized “utility tokens” as the key to faster, more efficient international transactions. However, a closer look…
Executive Summary This article explores the current state of XRP in the cross-border payments landscape, arguing that stablecoins have effectively rendered XRP obsolete. Despite its initial promise of providing on-demand liquidity, XRP has failed to gain significant real-world adoption. The…
Explore how Ripple's strategic shift towards launching a stablecoin impacts the role of XRP in cross-border payments. This article delves into the challenges faced by XRP and the potential overshadowing by Ripple's new stablecoin initiative.
In today's digital age, the capability for instant money transfers exists, yet their widespread implementation remains notably sluggish. This article explores the underlying reasons, revealing how financial interests, regulatory barriers, and the advent of disruptive technologies like blockchain are shaping the landscape. As fintech innovations continue to push the boundaries, traditional financial institutions are faced with a choice: evolve to meet consumer demands for real-time payments or risk obsolescence in a rapidly changing economic environment.
I’ve spent over a decade and a half navigating the ebbs and flows of cross-border payments, witnessing firsthand the evolution from traditional banking to the digital currency revolution. Recently, there’s been an undeniable shift towards stablecoins, and I’m here to…