The Chief Executive of Exchange -Traded Fund (ETF) provider Vaneck predicts that “Super Apps” will challenge the payment system of traditional finances.
In a new interview with CNBC television, Van CEO Vaneck, Jan van Eck, says that apps that offer support for Stablecoins will soon begin to exert pressure on traditional payment methods.
According to Van Eck, since Stablecoins skip intermediaries such as Visa and Mastercard who charge around 3% in reimbursements for payments, the Super Apps could serve as viable alternatives.
“I absolutely think that this will put the costs on the payment system because it is cheaper and enables all these competitors to get on the market, whether it is a cracking, whether it is a robinity, whether it is an X, there will be many super apps.”
On Friday, President Trump signed the genius law, which establishes a strict regulation framework for companies that issue payment stablecoins.
Van Eck also notes that although the Stablecoin -Mittentcirkel has done so far this year, new competition is preparing to enter the space.
“It will take several quarters before it has the profit, either on the positive or the negative. But shares are currently moving awaiting that.
And you see the established operators – Ethereum has had a great month; Circle, the only public stablecoin company, has had a great run since the IPO (first public offer). The market runs for it, but those are only the established operators; There will be many competitors who take on this space. ”
https://www.youtube.com/watch?v=WJVFR-4GKMS
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