BlockBeats News, September 30th – At the “The New Money Era” theme event of the OKX Alphas Summit, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin jointly participated in the “OKX Pay” theme roundtable discussion, engaging in an in-depth conversation about payment innovation and future financial applications. During the discussion, Star mentioned that one of the greatest achievements in the past 12 to 13 years in the crypto industry is the globalization of Bitcoin. Bitcoin has become one of the most successful digital assets globally. Additionally, the second major achievement is stablecoins, with the total market capitalization of stablecoins currently approaching 300 billion USD and expected to further grow rapidly in the next 1 to 2 years.
Furthermore, Star pointed out that historically, the essence of payments has always been “peer-to-peer”: from gold coins, silver coins to paper money, funds were controlled by individuals. However, in the digital age, money is held by financial institutions, and once an institution goes bankrupt, individuals often have to rely on limited insurance protection. The emergence of blockchain and stablecoins has made it possible for payments to return to a “peer-to-peer,” low-cost, and high-efficiency model. Especially in cross-border payments, stablecoins are expected to replace the current 1% to 3% credit card transaction fees and become the foundation of future payment infrastructure. Additionally, with the development of multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure both security and compliance, enhance efficiency, and are expected to accelerate into mainstream daily life in the coming years.
