Payments are a foundational part of the blockchain ecosystem, as blockchains enable efficient and secure transactions on a global scale. Stablecoins have also played a pivotal role in payments, offering users and institutions exposure to traditional currencies onchain, with the stablecoin market expected to significantly grow over the next year.

However, significant improvements are still needed to effectively address the challenges in making crypto-based payments ubiquitous and globally accessible not only in the backend, but as an accepted payment method for merchants and consumers alike:

• Outdated Infrastructure: Stablecoins are currently operating on networks that aren’t optimized for the nuanced requirements of modern payment systems and significant UX challenges exist, such as refunds, reconciliations and analytics.

• Complex Compliance Requirements:  Crypto payment systems and stablecoins still can’t meet the compliance needs of global merchants and users. 

We have yet to effectively compete with traditional payment service providers at scale despite their ongoing challenges with high processing fees, fraud, and onboarding difficulties.

However, imagine a world where a purpose-built payments network could provide seamless solutions for merchants worldwide. What if this network was optimized for efficient stablecoin transfers and tailored to meet the specific needs of modern commerce, offering efficiency, reliability, and regulatory compliance that far surpasses existing systems? The future of money rests on the ability to redefine global payments and modernize our existing digital transaction systems.

Institutions will likely drive the next wave of adoption, but they need a compliant and scalable solution. Merchants and consumers need a payments infrastructure they can trust– one that simplifies payment processes and effortlessly integrates into existing global systems. We believe there’s never been a better time for innovation to address all this, and 1Money will make this possible. 

1Money is creating a transformative network to revolutionize how we think about global payments. They are building a purpose-built L1 explicitly designed to optimize for payments and stablecoins. This new network rivals traditional payment rails, offering unparalleled efficiency, compliance customization, and reliability for merchants and institutions. The 1Money network is poised to also include near-instant transaction confirmations, fixed or low-cost fees, native multicurrency support to support global commerce, and built-in compliance. With native features like sanctions-blocking controls and rigorous onboarding requirements for permissioned validators, the network prioritizes integrity and trust.

We're confident that there is a future where payment processing costs approach zero, chargebacks and fraud become relics of the past, and seamless merchant payments change how we do business globally. This is an ambitious vision that will take an exceptional team to implement. The 1Money team has been meticulously constructed with experts in their individual fields, uniquely positioned to execute this grand vision. We’re proud to be backing and working with Brian and the rest of the team as they continue to redefine what’s possible in the world of stablecoins and payments with 1Money.

We believe 1Money will create a better financial system for everyone. 

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