APPLE AND GOOGLE EXPLORE STABLECOINS 🪙
Apple and Google are exploring the use of stablecoins for payments, according to reports from Fortune. Stablecoins are cryptocurrencies linked to stable assets like the dollar or the euro, which reduces the volatility associated with other cryptocurrencies.
Details of the exploration
- Google Cloud: already accepts payments in PYUSD, PayPal's stablecoin, and has processed transactions for two clients without altering their billing systems. Rich Widmann, head of Web3 strategy at Google Cloud, highlights the transformative potential of stablecoins in global payments.
- Apple: is in talks with companies in the crypto ecosystem, including Circle, issuer of the USDC stablecoin, to integrate stablecoins into its payment infrastructure and reduce costs associated with traditional payment processors.
- Airbnb: is also exploring the use of stablecoins for international payments and has held discussions with Worldpay to evaluate their incorporation into its platform.
- X (formerly Twitter): under the direction of Elon Musk, is developing X Money, a payment infrastructure that could include stablecoins, aiming to become a "super app" similar to WeChat.
