_how-crypto39s-faster-payment-systems-are-influencing-traditional-finance-124-future-focus.jpg "How crypto's faster payment systems are influencing traditional finance | Future Focus from met internet explorer openen Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 7:41
👁 View: 15.3M times
✓ Published: 11-Apr-2024
👁 View: 15.3M times
✓ Published: 11-Apr-2024
Description:
<p>On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to BCB Group Chief Product Officer Ashley Pope about the transformative impact of blockchain's settlement capabilities on established financial institutions.<br><br>Pope highlighted how blockchain facilitates near-instantaneous settlement, driving traditional market players to adapt rapidly to evolving client expectations. He emphasised that the expectation for instant settlement, inherent in the cryptocurrency sphere, is gradually permeating into traditional finance. This trend is fueled by evolving user needs, ultimately aiming for a world where value moves at the speed of the Internet.<br><br>To bridge this gap, traditional financial incumbents are exploring innovative solutions, such as Visa's stablecoin settlement for merchants and JP Morgan's initiatives like Onyx to enhance liquidity in private markets. Additionally, the UK government's plan to oversee fiat-backed stablecoins signals a broader trend towards embracing crypto-inspired settlement mechanisms.<br><br>Pope discussed a diverse range of settlement options, including stablecoins, native cryptocurrencies like bitcoin and litecoin, and existing payment rails like FPS in the UK and SEPA in Europe. He also noted how blockchain providers are also offering cross-border payment solutions, exemplified by Ripple's On-Demand Liquidity service.</p>
<p>On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to BCB Group Chief Product Officer Ashley Pope about the transformative impact of blockchain's settlement capabilities on established financial institutions.<br><br>Pope highlighted how blockchain facilitates near-instantaneous settlement, driving traditional market players to adapt rapidly to evolving client expectations. He emphasised that the expectation for instant settlement, inherent in the cryptocurrency sphere, is gradually permeating into traditional finance. This trend is fueled by evolving user needs, ultimately aiming for a world where value moves at the speed of the Internet.<br><br>To bridge this gap, traditional financial incumbents are exploring innovative solutions, such as Visa's stablecoin settlement for merchants and JP Morgan's initiatives like Onyx to enhance liquidity in private markets. Additionally, the UK government's plan to oversee fiat-backed stablecoins signals a broader trend towards embracing crypto-inspired settlement mechanisms.<br><br>Pope discussed a diverse range of settlement options, including stablecoins, native cryptocurrencies like bitcoin and litecoin, and existing payment rails like FPS in the UK and SEPA in Europe. He also noted how blockchain providers are also offering cross-border payment solutions, exemplified by Ripple's On-Demand Liquidity service.</p>
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_how-to-open-internet-explorer-without-edge-124-internet-explorer-open-but-opens-microsoft-edge.webp "Positive Energy")
⏲ 1 minute 39 seconds 👁 65.7K
_internet-explorer-automatically-opens-edge-124-how-to-open-internet-explorer-without-edge.webp "Crown GEEK")
⏲ 3 minutes 25 seconds 👁 28.3K
_deep-dive-0992-0492-2024-any-change-from-all-the-wet-met-office-weekly-weather-forecast-uk.webp "This is an in-depth Met Office UK Weather forecast for the next week and beyond.<br/> <br/>Why has the weather been so wet? Met Office meteorologist Aidan McGivern looks at the prevailing pressure patterns, position of the jet stream and some bigger forces that have been at work during recent months and asks if there is any change to come.<br/> <br/>You may also enjoy:<br/>– 10 Day trend forecast https://www.youtube.com/playlist?list=PLGVVqeJodR_ZDSHKqsgszMnk9d5IEF5UH <br/>– Podcasts exploring weather and climate https://www.youtube.com/playlist?list=PLGVVqeJodR_brL5mcfsqI4cu42ueHttv0<br/>– Daily weather forecasts https://www.youtube.com/playlist?list=PLGVVqeJodR_Zew9xGAqYVtGjYHau-E2yL<br/> <br/>Subscribe to make sure you never miss the latest UK weather forecast or important weather warning - https://www.youtube.com/c/metoffice?sub_confirmation=1<br/> <br/>We are the Met Office, the UK’s national weather service, and every day of the week we bring you a morning weather forecast and an afternoon weather forecast so that wherever you are in the UK we have you covered.<br/> <br/>Forecast and any weather warnings are accurate at time of recording. To ensure you have the most up to date weather information, check the hourly forecast and live warnings on the Met Office website or app.<br/>")
⏲ 20:56 👁 14.4M
_how-to-get-internet-explorer-back-in-windows-11-10-2024.webp "Crown GEEK")
_how-to-open-internet-explorer-without-edge-124-internet-explorer-open-but-opens-microsoft-edge.jpg)
_internet-explorer-automatically-opens-edge-124-how-to-open-internet-explorer-without-edge.jpg)
_deep-dive-0992-0492-2024-any-change-from-all-the-wet-met-office-weekly-weather-forecast-uk.jpg)
_how-to-get-internet-explorer-back-in-windows-11-10-2024.jpg)
![[+]](/images/menu.gif){kind=small}