tl;dr
The London Blockchain Conference 2024 featured a panel discussion on stablecoins and their role in digital payments. The panel, moderated by Sebastian Ploetzeneder of nChain, included industry experts discussing topics such as stablecoin capabilities, consumer trust, low transaction fees, and the po...
The London Blockchain Conference 2024 featured a panel discussion on stablecoins and their role in digital payments. The panel, moderated by Sebastian Ploetzeneder of nChain, included industry experts discussing topics such as stablecoin capabilities, consumer trust, low transaction fees, and the potential impact on traditional banking systems.
One panel focused on stablecoins, particularly those issued by private firms, and their role in on-chain digital payment solutions. The panel was moderated by Sebastian Ploetzeneder, Senior Strategy Manager and Public Affairs Director U.K. for enterprise blockchain technology firm nChain. Panelists included Reginald Tumusiime, President of the Blockchain Association of Uganda; Bernhard Müller, General Manager/Chairman at Zurich-based digital payments operator Centi Ltd; and Harbind Likhari, VP of Trading And Exchange Services with the self-custodial RockWallet.
Bernhard Müller discussed CCHF, a Swiss franc-based stablecoin, emphasizing its potential for radical micropayments and its unique direct-to-consumer sales approach. He also highlighted its impact on African remittance services.
Harbind Likhari spoke about the importance of low transaction fees and faster transactions, citing the example of BSV-based stablecoin MNEE.
Bernhard Müller explained Centi's choice of BSV blockchain for its stablecoin, emphasizing the importance of transparency and the potential to empower unbanked individuals.
The discussion also touched on the intersection of stablecoins with other offerings, potential impacts on central banks, and the future of money, with an emphasis on private sector innovation and CBDCs.
Reginald Tumusiime highlighted the potential for private sector innovation to drive growth in Africa's payment systems, while emphasizing the importance of ease and functionality for end users.