Macro· ★★★· neutral·

BIS: fintechs like Wise beat banks and stablecoins on cheap cross-border payments

  • —Fintechs substantially reduce cross-border payment costs versus bank wires
  • —Stablecoins remain hampered by friction and high costs
  • —Traditional retail bank wires stay slow and expensive
Why it matters: The findings give regulators a data point that fintechs currently outperform stablecoins in remittances, shaping payments policy debate.
Source: Finextra Crypto
More on this
Regulation · Oct 20
BIS paper: stablecoins cut cross-border costs but do not remove intermediaries
 Regulation · Sep 30
Ripple No Longer Part of BIS Cross-Border Payments Task Force
 Regulation · Oct 14
BIS unveils anonymous CBDC prototype with cash-like privacy