The adoption of cryptocurrencies continues to advance globally, and the latest companies that, according to reports, are considering entering the industry include X, Airbnb, Google, and Apple, according to a Fortune report dated June 6.
Big tech companies are exploring the integration of stablecoins
The Fortune article debuted highlighting how the cryptocurrency industry finally seems able to integrate blockchain technology into traditional finance, and stablecoins could be the solution, a "killer app" to drive the adoption of innovative technologies.
The publication revealed that Apple, X, Google, and Airbnb are some of the latest companies exploring the integration of stablecoins into their platforms, citing sources familiar with the matter.
Google Cloud has already accepted payments from two customers in PYUSD (PayPal's stablecoin).
Airbnb is reported to be able to cut transaction fees it pays to Visa and Mastercard with the integration of stablecoins. The company has been in talks with Worldpay about the use of stablecoins.
X, Elon Musk's social media platform, is also considering the integration of stablecoins into X Money, the platform's payment app. X is currently in discussions with payment processor Stripe.
Apple is already present in the payment ecosystem through its Apple Pay solution and could collaborate with Circle, the company that supports businesses and developers to use USDC for payments and commerce. On June 5, Circle officially became a publicly traded company on the NYSE under the symbol CRCL.
