_how-crypto39s-faster-payment-systems-are-influencing-traditional-finance-124-future-focus.jpg "How crypto's faster payment systems are influencing traditional finance | Future Focus from ashes 2015 trent bridge Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 7:41
👁 View: 16.2M times
✓ Published: 11-Apr-2024
👁 View: 16.2M times
✓ Published: 11-Apr-2024
Description:
<p>On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to BCB Group Chief Product Officer Ashley Pope about the transformative impact of blockchain's settlement capabilities on established financial institutions.<br><br>Pope highlighted how blockchain facilitates near-instantaneous settlement, driving traditional market players to adapt rapidly to evolving client expectations. He emphasised that the expectation for instant settlement, inherent in the cryptocurrency sphere, is gradually permeating into traditional finance. This trend is fueled by evolving user needs, ultimately aiming for a world where value moves at the speed of the Internet.<br><br>To bridge this gap, traditional financial incumbents are exploring innovative solutions, such as Visa's stablecoin settlement for merchants and JP Morgan's initiatives like Onyx to enhance liquidity in private markets. Additionally, the UK government's plan to oversee fiat-backed stablecoins signals a broader trend towards embracing crypto-inspired settlement mechanisms.<br><br>Pope discussed a diverse range of settlement options, including stablecoins, native cryptocurrencies like bitcoin and litecoin, and existing payment rails like FPS in the UK and SEPA in Europe. He also noted how blockchain providers are also offering cross-border payment solutions, exemplified by Ripple's On-Demand Liquidity service.</p>
<p>On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to BCB Group Chief Product Officer Ashley Pope about the transformative impact of blockchain's settlement capabilities on established financial institutions.<br><br>Pope highlighted how blockchain facilitates near-instantaneous settlement, driving traditional market players to adapt rapidly to evolving client expectations. He emphasised that the expectation for instant settlement, inherent in the cryptocurrency sphere, is gradually permeating into traditional finance. This trend is fueled by evolving user needs, ultimately aiming for a world where value moves at the speed of the Internet.<br><br>To bridge this gap, traditional financial incumbents are exploring innovative solutions, such as Visa's stablecoin settlement for merchants and JP Morgan's initiatives like Onyx to enhance liquidity in private markets. Additionally, the UK government's plan to oversee fiat-backed stablecoins signals a broader trend towards embracing crypto-inspired settlement mechanisms.<br><br>Pope discussed a diverse range of settlement options, including stablecoins, native cryptocurrencies like bitcoin and litecoin, and existing payment rails like FPS in the UK and SEPA in Europe. He also noted how blockchain providers are also offering cross-border payment solutions, exemplified by Ripple's On-Demand Liquidity service.</p>
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_39fast-and-furious39-ludacris-talks-saying-goodbye-to-the-franchise-and-his-biggest-goal-for-the-final-film.webp "Fans know a few details about \")
⏲ 0:49 👁 170K
_how-to-play-triple-j-hoedown-part-2-tutorial-with-josh-smith.webp "LIVE FR0M FLAT V by Josh Smith<br/>LET IT RING<br/><br/>Last time, Josh Smith started teaching his tune “Triple J Hoedown,” specifically the version from the Live at the Spud album. The lesson made it all the way up to almost the bridge, which leads the way into a long unison lick, played by both guitar and bass, which is then followed by the funk section of the tune. So, as a composition, we transition from “bluegrass-fusion” to a funk groove.<br/>#JoshSmith #Inception")
_dad-has-smart-hack-to-avoid-carrying-tot-up-flights-of-stairs.webp "A dad came up with a smart hack to get his tot's pram up a flight of stairs without having to unstrap her or carry her. <br/><br/>The funny video shows Mr. Zhang from Wuxi, China smoothly flipping the pram over - allowing his daughter Zhang Youwen to walk up the stairs.<br/><br/>According mum Ms Zhang, there are many bridges and stairs in Wuxi's tourist areas so the dad and daughter duo often cooperate to making each other's life easier.")
_if-trailer-ryan-reynolds.webp "Get ready for a heart-warming, all-family film from the director of A Quiet Place, the star of Deadpool, and the studio that brought you Annihilation.<br/><br/>From writer and director John Krasinski, IF is about a girl who discovers that she can see everyone’s imaginary friends — and what she does with that superpower — as she embarks on a magical adventure to reconnect forgotten IFs with their kids.<br/><br/>Written and directed by John Krasinski, who also stars alongside Ryan Reynolds, Cailey Fleming, Fiona Shaw, Phoebe Waller-Bridge, Louis Gossett Jr., Alan Kim, Liza Colón-Zayas, Awkwafina, Emily Blunt, Matt Damon, Richard Jenkins, Sebastian Maniscalco, Christopher Meloni, Sam Rockwell, Maya Rudolph, Jon Stewart, George Clooney, Bradley Cooper, Keegan-Michael Key, Blake Lively, Matthew Rhys, Amy Schumer and Steve Carell.<br/><br/>Check out all the character posters below to see who they will all be voicing.<br/><br/>IF hits cinemas on 17th May, with advance screenings on 11th and 12th May 2024.")
_people-love-listening-to-sad-songs-but-why.webp "New research suggests listening to sad songs can actually enhance the music.")
_sarah-olney-mp-marks-five-years-since-closure-of-hammersmith-bridge-to-motorists.webp "Londoners have been warned on the fifth anniversary of the closure of Hammersmith Bridge that it will be at least another five years before it can be reopened to cars, even if the £250 million estimated cost of fixing it is found today.The Grade II* listed crossing was hurriedly closed to vehicles five years ago after its owner, Hammersmith and Fulham council, found that its wrought-iron structure was riddled with cracks. Pedestrians and cyclists were temporarily banned the following year.")
_pro-palestine-protesters-shut-down-san-francisco39s-golden-gate-bridge.webp "Pro-Palestinian demonstrators shut down both directions of the Golden Gate Bridge Monday and stalled a 17-mile (27-kilometer) stretch of Interstate 880 in Oakland.")
_transport-for-nsw-wallaga-lake-bridge-repairs.webp "Transport for NSW and Bega Valley Coaches have organised free shuttle buses for anyone needing transport while Wallaga Lake Bridge is closed for repairs.")
_39fast-and-furious39-ludacris-talks-saying-goodbye-to-the-franchise-and-his-biggest-goal-for-the-final-film.jpg)
_how-to-play-triple-j-hoedown-part-2-tutorial-with-josh-smith.jpg)
_dad-has-smart-hack-to-avoid-carrying-tot-up-flights-of-stairs.jpg)
_if-trailer-ryan-reynolds.jpg)
_people-love-listening-to-sad-songs-but-why.jpg)
_sarah-olney-mp-marks-five-years-since-closure-of-hammersmith-bridge-to-motorists.jpg)
_pro-palestine-protesters-shut-down-san-francisco39s-golden-gate-bridge.jpg)
_transport-for-nsw-wallaga-lake-bridge-repairs.jpg)
![[+]](/images/menu.gif){kind=small}