_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 future life insurance 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: 16.1M times
✓ Published: 11-Apr-2024
👁 View: 16.1M 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
_the-361-million-karlmann-king-suv.webp "BE PREPARED to spend big to own a Karlmann King - the world’s most expensive SUV. With a starting price tag of over $1M, the monster-sized vehicle can even come provided with an optional bullet proof exterior. Intentionally designed asymmetrical, the sport utility vehicle has what the creator calls the ‘diamond design’. Designer Luciano D’Ambrosio says inspiration was drawn from the Batmobile that featured in The Dark Knight trilogy. Luciano told R.Rides: “When you’re in this business for so many years you think, how about being a little different, especially exaggerated. The maverick designer threw the engineering manual out when envisioning the look for the Karlmann King. Multiple protruding surfaces making up its idiosyncratic look - the car is a spectacle to look at when it’s on the road. He said: “Going opposite to what the design rules would usually ask you for, it’s called the diamond design.” Although the car has been designed to be domineering and big, Luciano is quick to point out the car shouldn’t be seen as too aggressive. The construction of the car is comprised of a shell built and overlapped a Ford F550 chassis, but its unique design doesn’t stop there. For the more discerning customer the car is almost fully customisable. Under the bonnet the car boasts a Ford 6.7l V10 engine giving off 420 horsepower and, despite its mammoth shape, provides a smooth drive on the roads. The top speed of the vehicle is 220 km/h. Luciano said: “Given the size of the car you can imagine you’re driving an elephant but it’s a very flexible and nice drive.” Although its starting price begins at a cool $1,085,000, for a more bespoke design and with its customisable extras the vehicle can cost up to $3,800,000. “My most favourite thing is the way people look at the car, it doesn’t go unseen,’ said Luciano.")
_tom-hiddleston-is-unsure-if-he39s-playing-loki-again-in-future-projects-124-thr-news-video.webp "Tom Hiddleston is unsure if he'll return to the MCU as Loki. The actor shared the news while stopping by 'Jimmy Kimmel Live!' reflecting on 14 years of being part of the Marvel Cinematic Universe. He admitted that he isn't sure he'll return to the role after season 2 of the 'Loki' series.")
_basketball-star-from-sittingbourne-shares-advice-for-future-ballers.webp "Bringing his camp back to Kent for a third time, former NBA draftee Ryan Richards has just coached his highest number of attendees so far.")
_by-applying-the-hotel-model-this-entrepreneur-says-finding-a-nursing-home-can-be-a-joyful-process.webp "Will Donnelly, the cofounder and CEO of Lottie, wants to make finding and booking a spot in a retirement or care home for an aging family member as easy as finding a hotel stay. In other words, \")
⏲ 16:43 👁 2.4M
_a-look-at-harvey-elliotts-significant-impact-on-liverpools-success-so-far-this-season.webp "A look at the impact of youngster Harvey Elliott and how he’s become a main-stay in the Liverpool lineup. What does the future hold for him and how will he be utilised following the departure of Jurgen Klopp?")
_genesis-magma-amp-neolun-concept-cars-reveal-the-future-of-luxury-vehicles-124-forbes.webp "Genesis has been turning up the heat on BMW and Mercedes for nearly a decade, and now Hyundai’s luxury brand is showing off a crop of futuristic concept cars at the 2024 New York International Auto Show. Forbes Contributor Scotty Reiss (A Girls Guide to Cars) shows off the X Gran Berlinetta and Neolun, and explains the real reason concept cars are so important for brands.<br/><br/>The Genesis X Berlinetta concept is a piping hot orange colored Korean supercar. Created by Genesis for the Vision Gran Turismo series, this sleek coupe is powered by a hybrid V6 powertrain pumping out a total of 1071 hp and 986 lb-ft of torque. For anyone wanting to drive the X Berlinetta (virtually of course), just access Gran Turismo 7, as the car was added to the game in January.<br/><br/>The fully-electric Neolun (meaning “new moon”) is a big, hyper-luxurious SUV concept with a lavish two-row interior with front seats that swivel backward, but it could easily be a three-row machine if it reaches production.<br/><br/>Inside, the Neolun is full of ambitious features, only some of which would make it to a real-world model. Rotating seats and coach doors have been done before on other vehicles, but the radiant heating in the floor and the complete lack of a B-pillar are ambitious indeed. The lights, which are totally flush with the body panels, seem more likely to make production.<br/><br/>Read more on Forbes:<br/>https://www.forbes.com/sites/alexkwanten/2024/03/28/the-10-coolest-cars-from-the-2024-new-york-auto-show/<br/><br/>For more from Scotty Reiss:<br/>https://agirlsguidetocars.com/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_future39s-billboard-chart-history-92.webp "Can Future snag another No. 1 album? In anticipation of Future and Metro Boomin's second collaboration project 'We Still Don't Trust You,' let's look back at his Billboard chart accomplishments. <br/><br/>This is Billboard Explains: Future's Success on The Charts.")
_qld-flood-victims-advise-inquiry-theyre-still-waiting-on-insurance-claims.webp "Fed up and forced out of their homes, flood victims have told an inquiry they're still waiting on insurance claims after the 2022 disaster that ravaged eastern Australia. The major probe into the industry heard many families see insurance as a luxury they can no longer afford.")
_the-361-million-karlmann-king-suv.jpg)
_tom-hiddleston-is-unsure-if-he39s-playing-loki-again-in-future-projects-124-thr-news-video.jpg)
_basketball-star-from-sittingbourne-shares-advice-for-future-ballers.jpg)
_by-applying-the-hotel-model-this-entrepreneur-says-finding-a-nursing-home-can-be-a-joyful-process.jpg)
_a-look-at-harvey-elliotts-significant-impact-on-liverpools-success-so-far-this-season.jpg)
_genesis-magma-amp-neolun-concept-cars-reveal-the-future-of-luxury-vehicles-124-forbes.jpg)
_future39s-billboard-chart-history-92.jpg)
_qld-flood-victims-advise-inquiry-theyre-still-waiting-on-insurance-claims.jpg)
![[+]](/images/menu.gif){kind=small}