Since American lawmakers are working to pass decisive legislation related to encryption, multiple technology giants are said to explore Stablecoins to reduce the costs of transactions and simplify the cross -border payments.
Apple, Airbnb and X Eye Stablecoin Integration
On Friday, Fortune stated that many major technology companies are in early talks with encryption companies to integrate Stablecoins. The sources familiar with the issue have told the new media outlet that Apple, X, Airbnb and Google explore the adoption of Stablecoins to improve payments and transactions across border.
According to the report, Airbnb has been in talks with encryption companies since the beginning of the year, as it reduces the cost of transactions fees from payment processors such as Visa and MasterCard by adopting Stablecoins.
CEO of Chefir said that the short -term house rental platform discussed the integration of Stablecoin with WorldPay, one of its payment processors. It is worth noting that WorldPay recently announced that it would enable Stablecoin batches with Stablecoin BNVK infrastructure.
“While encryption payments are not something we focus on integration into the podium in the near future, we are always looking for all aspects of payments for ways to improve our society’s experience, including developments in digital assets and their use cases,” Airbnb spokesman said.
Likewise, Apple has been in talks since January to integrate Stablecoins into the payment infrastructure. According to what was reported, these talks included discussions with a great director in Serkel, who works as “strategic partnerships in Stablecoin payments”.
The X social media platform is in contact with the encryption companies about the integration of Stablecoins into the new payment application, X Money. Apparently, the ELON Musk platform is holding conversations with a paid payment tape for integration.
According to Patrick Targear, the former Consumer Products and Payments in X, the discussions before the company left in January to work in the world of the Crypto project supported by Sam Altman. Now, Payam Abedi, the chief software engineer in X, is claimed to lead the conversations.
More technology giants explore the adoption of encryption
Google Cloud is “far from Stablecoin’s integration”, as the report began, as the technology giant has already accepted payments from two of its customers in Pysud’s Pysud, which recently witnessed that the Securities and Stock Exchange Committee (SEC) end its achievement in Stablecoin without enforcement procedure.
“It is clear that this may be one of the largest promotions to payments since Swift,” Rich Widman, head of the Web3 Strategy at Google Cloud, told News Media Outlet.
“We did the customer lecture as if we had usually denied them. They paid this bill the way they usually pay. But they used Stablecoins to raise the settlement,” he said.
The report indicated that other large technology companies, including Meta, also explore Stablecoins. On Thursday, Dara Khosrowshahi, Uber CEO, stated that the company in the “study” stage is from Stablecoins to transfer global funds.
Meanwhile, Haun Ventures Chris Ahn partner, said, “[Stablecoins] Is this old idea, but finally I think we have the right pieces that gather so that it will actually bear fruit. “
It should be noted that under the Trump administration, the American organizational agencies have moved away from the “organization before enforcement” approach, and seeks to create detailed guidelines and a clear framework for the encryption industry.
The recent change prompted the industry to adopt new levels, with many strategic bitcoin reserve proposals and treasury plans that make headlines. In addition, American lawmakers continue their parties from the two parties to advance the guidance and creation of the national innovation of the United States Law (Genus), a legislation aimed at allowing the growth of the Stablecoin industry in the United States.
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