Updates
Stablecoin Adoption Accelerates as Businesses Embrace Real-Time Transactions: Kevin Lehtiniitty Discusses Blockchain's Impact on Cross-Border Payments
Jan 6, 2025
January 6, 2025 – Kevin Lehtiniitty, CEO of Borderless.xyz, participated in a roundtable discussion hosted by Rob Nelson alongside Bentzi Rabi, Co-Founder and CEO at Utila, and Patrick Zielbauer, Managing Director of Sales at BlockFills. The conversation focused on how blockchain technology and stablecoins are accelerating real-time cross-border payments and revolutionizing financial systems.
Lehtiniitty highlighted how stablecoins and blockchain are bridging the gap between traditional finance and crypto ecosystems, improving payment efficiency across industries. He explained how stablecoin infrastructure is particularly addressing issues in emerging markets like Latin America and Southeast Asia, where problems such as inflation and delayed settlements are common. By facilitating real-time transactions, stablecoins are helping to enhance remittance flows and improve financial practices.
Zielbauer discussed the increasing adoption of stablecoins in treasury management and remittance, emphasizing how companies like BlockFills are making international trade payments more seamless and efficient. He predicted that stablecoin-powered payment solutions, such as USDC or Tether, would become commonplace in everyday financial transactions.
Rabi expanded on the broader implications of blockchain’s shift from crypto trading to applications like stablecoins. He pointed out that these technologies are enhancing existing financial systems, enabling them to operate more efficiently without the need for complete overhauls.
Lehtiniitty agreed, noting that visible adoption includes consumers using stablecoins at checkout to help merchants save on processing fees. However, he also highlighted the back-end adoption, where stablecoins are driving real-time transactions in emerging markets, supporting smoother operations.
The roundtable discussion underscores the transformative potential of stablecoins in the global finance sector, offering a glimpse into how blockchain technology can bring significant efficiency and cost reductions to financial systems worldwide.
For the full discussion, please visit The Street.
