Cryptocurrency expert says Bitcoin, Stablecoin payments will be accepted by more businesses
More companies will accept cryptocurrency as payment, especially Bitcoin and Stablecoin, Voyager Digital CEO Steve Ehrlich told FOX Business’ Maria Bartiromo on “Mornings with Maria” Tuesday.
MIAMI TO HOST LARGEST CRYPTOCURRENCY CONFERENCE IN HISTORY
STEVE EHRLICH: I think there’s going to be more, you know, more companies accepting crypto. I think one of the other things are Stablecoins there, and I think there will be more companies accepting Stablecoins as the first step then they will start accepting Bitcoin.
…
That’s a growing population. Us at Voyager, we’re already seeing that as… our business caters to small and mid-sized businesses as well as retail consumers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
…
Those small mid-sized businesses want to accept USDC Stablecoin, they want to accept Bitcoin and they want to hold some of their Treasury in both of them because you can earn interest on those as well as use them in everyday payment.
CLICK HERE TO WATCH THE ENTIRE INTERVIEW
Digital Asset Firm Coinbase has Unlocked Stable (Stablecoin) Pair Trading, Company Focused on Increasing Economic Freedom
Digital asset firm Coinbase (NASDAQ:COIN) announced on Monday (May 31, 2021) that it has unlocked stable (stablecoin) pair trading.
Crypto exchange Coinbase says its mission is to “increase economic freedom in the world.” According to the company that recently went public, an open financial system should offer improved access to financial services “for everyone, and enable greater economic freedom for individuals and businesses.”
Coinbase’s management noted in a blog post that a “core part of making this mission successful is continuing to develop a healthy and liquid exchange for crypto-assets.”
The company added:
“Today we are announcing that we have updated our pricing for 9 “Stable Pairs” and will continue to add additional pairs with competitive pricing. Stable Pairs, or a price quotation between two cryptocurrencies where the price is designed to be pegged to some external reference such as the USD, play an important part of the crypto ecosystem by allowing users to benefit from multiple funding options and instant settlement.”
Coinbase also mentioned that the Stable (stablecoin) Pair market has “grown 10x in trading volume over the last 6 months.”
The crypto firm added that leveraging their fiat channels and their USDC issuer status, they feel confident that offering Stable (stablecoin) Pairs to the market will be “an attractive offering to our global user base.”
Coinbase confirmed that effective June 1, 2021, Coinbase Pro in Stable Pairs are “simply 0 bps for maker volumes, 1 bps for taker volumes for all volume tiers.”
The exchange also shared the following details:
Stable Pairs subject to change
Stable Pair Fees Pricing Tier = All Volume Tiers Maker Fee = .00% Taker Fee = .01%
Coinbase clients will be able “to access these Stable Pairs through Coinbase Exchange which is the deep pool of liquidity underpinning many of our trusted retail, institutional, and business products.”
Coinbase also noted that its exchange is “one of the most liquid regulated crypto spot exchanges in the world and has a dynamic fee structure for high-volume trading.” To learn more about Coinbase Exchange, check here.
Are you a robot?
Why did this happen?
Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.