$USDC BigTechStablecoin BigTechStablecoin Big tech companies like Apple, Google, Airbnb, and X (formerly Twitter) are exploring stablecoins to streamline payment systems, reduce transaction costs, and optimize cross-border payments. Here's what's happening¹ ²:
- *Companies Involved*:
- *Apple*: Negotiating with Circle, the issuer of USDC stablecoin, to integrate it into their payment systems.
- *Google*: Already facilitating stablecoin payments for two clients using PayPal's PYUSD stablecoin and exploring further integrations.
- *Airbnb*: Discussing stablecoin integration with Worldpay and considering bypassing traditional payment processors like Visa and Mastercard.
- *X*: Developing a payment app, X Money, and exploring stablecoin integration, potentially with Stripe.
- *Benefits*:
- *Lower Transaction Fees*: Stablecoins can reduce fees associated with traditional payment processing.