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Stock impact report

Fiserv exec outlines stablecoin uses [Yahoo! Finance]

Fiserv, Inc. (FI) 
Last fiserv, inc. earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
When major payments players got together to talk about moving money between countries at a fintech conference last week, stablecoins always seemed to be a part of the discussion. The digital assets are frequently held up as a way to simplify and reduce the cost of cross-border transactions. But stablecoins have a number of other practical applications, according to a top executive for the Milwaukee-based payments processor Fiserv. The digital currencies, which are tied to the value of a fiat currency like the dollar, can also be used to move money between banks and to settle insurance bills, said Sunil Sachdev, Fiserv's head of embedded finance and digital assets. Blockchains, the distributed ledgers that make it possible to move cryptocurrencies from person to person, are accessible 24 hours a day, he noted, making stablecoins appealing to financial institutions for all manner of transactions. “You can move that money outside of normal banking hours,” Sachdev said in an inte Show less Read more
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