[405] How Stablecoins are used for Cross-Border Transfers: Part II of III (MSB Model)

Stablecoins are digital tokens with fixed values, making them ideal for swift and affordable cross-border transfers. Compared to conventional methods, stablecoins offer rapid transaction speeds, reduced costs, and enhanced transparency. Users purchase stablecoins from exchanges, then send them to recipients' digital wallets. Blockchain technology validates and secures transactions, ensuring immediate settlement. Recipients can use stablecoins directly or convert them to local currency. With their stability and blockchain efficiency, stablecoins provide a transformative solution for seamless and accessible global transactions.

Here is a concise explanation of how stablecoins are utilized for cross-border transfers between two Money Services Businesses (MSBs) / Money Transfer Operators (MTOs).

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Faisal Khan LLC

[satejgadekar]

How long will it take to release/upload part 3 ?

[fnaik]

Thanks for putting up this series. A wealth of knowledge in these videos! One question - The banking/payment rails section of the blue-print (transferring funds/value from one MSB to another - blue column in the center), does not show Crypto exchange? Is it because you have explained that this funds transfer is happening on the blockchain already?

[sherazedwin]

I really need your answer please tell me

[sherazedwin]

Sir can any online working company registered with MSB license do frauds or scams with money that people already invested in them??