Mobile payments have only been around for a few years, and financial heavyweights are already sounding the alarm: the payment world is about to change again!

Just when everyone is used to pulling out their phones to scan Alipay and WeChat payment codes, far across the ocean, Eric Gordon, CEO of Wall Street capital giant Canopy Capital, made a shocking statement. He boldly predicts: within the next decade, at least 9 out of every 10 payment transactions globally will be completed using stablecoins! This essentially declares that the existing payment systems, including the credit cards, Alipay, and WeChat Pay that we are familiar with, may be completely overturned!

Financial heavyweights declare: Credit cards and electronic wallets, all 'step aside'!

Gordon is not just an internet troll; he is a Wall Street big shot managing billions in capital. He threw out this shocking viewpoint at a recent fintech summit in New York, instantly igniting the crowd.

He asserts that traditional payment methods—whether credit card giants like Visa and Mastercard or electronic wallets like Alipay and WeChat Pay that we use every day—will be steadily defeated under the impact of stablecoins.

"Imagine," Gordon described in his speech, "a cross-border payment using traditional bank wire could take days, with fees often reaching dozens or even hundreds of dollars. But with stablecoins? Done in seconds, with costs almost negligible. This crushing advantage cannot be matched by any existing payment tool."

What makes stablecoins so powerful? Fast, cheap, and borderless!

So what exactly is a stablecoin? Why does Gordon believe it can 'defeat' Alipay and WeChat?

In simple terms, a stablecoin is a 'cryptocurrency tethered to a chain.' Unlike Bitcoin, which fluctuates wildly in price, it is usually pegged to stable assets like the dollar or euro (for example, 1 coin = 1 dollar), with a very stable price, solving the biggest pain point of cryptocurrencies—too much volatility makes them hard to use.

Its real killer feature lies in payments:

Fast as lightning: Transaction confirmations measured in seconds, 24/7 without rest, no more waiting for bank business days.

So cheap it's crying: The fees are so low they're negligible, making cross-border remittances as cheap as transferring money to a neighbor.

Ignoring borders: Wherever the internet goes, stablecoins can go, breaking down cross-border payment barriers instantly.

Safe and Transparent: Based on blockchain technology, transaction records are publicly accessible and difficult to tamper with.

Payment giants like PayPal, with a massive user base, are already embracing stablecoins. Last August, PayPal boldly launched its own dollar stablecoin, PYUSD. Data shows that the on-chain transaction volume of PYUSD has frequently surpassed $3 billion in a single day recently, with over $200,000 flowing on-chain every second.

China is also taking action! Digital Renminbi: Our 'national team stablecoin'

Gordon's prophecy mainly targets the global market, especially the cross-border payment sector. However, in China, the payment landscape has distinct local characteristics.

Alipay and WeChat Pay rely on a strong ecosystem and user habits, making their position in the domestic market still hard to shake. Meanwhile, China is actively laying out its 'next-generation payment tool'—the digital renminbi (e-CNY).

Although the digital renminbi and decentralized stablecoins differ in their technical routes (it is a centrally issued legal digital currency), their core goals are highly consistent: a faster, cheaper, safer, and more powerful payment experience.

Currently, the pilot for digital renminbi has blossomed everywhere, covering all aspects of clothing, food, housing, and transportation. It represents the national-level strategic layout for the future payment forms and is truly a 'national team player.'

Eve of the Payment Revolution: Is your mobile wallet ready?

Eric Gordon's prophecy paints a picture of dramatic changes in the payment world. The blockchain payment force represented by stablecoins is launching a fierce charge against the old order, leveraging its disruptive technological advantages.

Whether or not Gordon's 'nine out of ten' theory completely holds true, one undeniable trend is that a faster, cheaper, and more open payment network has become a global tide.

While giants like Alipay and WeChat Pay have the advantage, they are by no means resting easy. The wheels of technology are rolling forward, and users' pursuit of the ultimate experience never stops. PayPal's turnaround and the rise of digital renminbi are both vivid annotations of this profound transformation.

Don't wait until scanning codes becomes an 'antique' to regret! The 'Nokia moment' in the payment industry is counting down—either embrace the wave of stablecoins or get crushed on the beach. Have you chosen which side your wallet stands on?

#币安钱包TGE

"Still struggling with whether to buy BTC/ETH? The wind of the payment revolution has shifted! Stablecoin + real use cases = the strongest narrative of the next bull market! Can't keep up with the rhythm? Brother Qiu will help you overtake on the curve!"

$BTC