Original sourceBusinessMirror
Summary
Visa executive Qinwen Xiao notes that low awareness and trust in stablecoins among Filipinos is actually an opportunity for education. Data shows 42% of Filipinos know little about stablecoins, and trust in stablecoin transfers stands at 38%, far below cash at 81% and digital remittances at 79%. Th…
Key points
- Provides trust data on stablecoins in a real market, helping providers determine that education rather than features should be the focus of outreach.
- The trust gap, not the technology gap, is the main obstacle to stablecoin adoption in emerging markets.
- Payment and remittance providers operating in the Philippines should invest resources in user education and transparency rather than emphasizing speed advantages alone.
Editorial note
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