Macro-investment strategist Lyn Alden says cryptocurrencies will revolutionize international payments in the coming decades.
Alden said several cryptocurrencies that will be used for global payments in the future include bitcoin, as well as private and public stablecoins.
“In the coming decades, international payment transactions will look very different than in the past.
Regulated stablecoins, foreign stablecoins, central bank digital currencies, BTC, etc.
The strategist responded to a report that Myanmar’s parallel government, led by Aung San Suu Kyi, has accepted Tether (USDT) as the official currency for domestic use.
“Chinese media reports that the government of Myanmar will now accept the renminbi in cross-border trade with China, while the parallel / overturned government of Myanmar introduces tether.”
Alden said earlier this year that the importance of the Bitcoin Lightning Network in the payments industry is being underestimated. Lightning Network is a layer 2 technology on the Bitcoin blockchain that enables faster and cheaper transactions.
“I think people are ignoring the potential importance of the Lightning Network in the payments industry over the next five years.
As BTC base tier fees rise, the Lightning Network becomes more important. Applications / utilities are starting to increase in volume and liquidity may increase. ”
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
According to Bloomberg, April is reportedly the worst month for Bitcoin since FTX's fall, declining…
According to CoinDesk, Binance founder CZ sentenced to four months in prison for violating anti-money…
Roger Ver arrested in Spain for tax evasion. Accused of causing a $48 million loss…
Crypto market liquidation reaches over $300M in the last 24 hours. Ethereum and Bitcoin saw…
Binance's Changpeng Zhao sentencing guidelines are being considered for money laundering violations, with the judge…
Allegations have surfaced against SEC Chair Gary Gensler, accusing him of misleading Congress about the…
This website uses cookies.