Blockchain Technology and Stablecoins Transform Cross-Border Transactions
At Blockchain.RIO on August 12, Alvin Kan, COO of Bitget Wallet, discussed how blockchain technology and stablecoins can revolutionize cross-border transactions. He pointed to Latin America as a region where instant payments are already the norm.
Kan cited Brazil's Pix system, which allows for fast and seamless transactions. However, he noted that not all countries have access to such infrastructure. As a result, digital wallets like Bitget Wallet can fill the gap for individuals and businesses exposed to international services.
According to Kan, blockchain technology and stablecoins provide transparency and security for transactions, even across different regulatory frameworks. Through partnerships with other payment institutions, Bitget Wallet helps overcome barriers to using local payment methods.