8 ms·

https://techcrunch.com/2025/01/31/stablecoins-are-finding-product-market-fit-in-emerging-markets/ https://techcrunch.com/2025/01/31/stablecoins-are-finding-pr..

• simonw 1y ago
  Sounds like it's used for accepting payment from Starlink customers in numerous counties: > The company [SpaceX] partnered with Bridge, a stablecoin payments platform, to accept payments in various currencies and instantly convert them into stablecoins for its global treasury.
• ec109685 1y ago
  Why can’t bridge just convert the money into USD? What’s the point of the stable coins step?
  • jdminhbg 1y ago
    Once you buy the stablecoins, moving the money anywhere is an API call and a sub-1¢ transaction fee, rather than a cross-border wire transfer and a multi-day settlement process.
    • ec109685 1y ago
      I still don’t know why there is the settlement process. If it was just a row in the database that this person has N dollars, why isn’t that enough?