These Crypto Assets Will Massively Change International Payments: Lyn Alden, Macro Analyst

Macro-investment strategist Lyn Alden says cryptocurrencies will revolutionize the international payments industry over the coming decades.

Alden recount its 316,700 followers on Twitter that some of the crypto assets that will be used for global payments in the future include Bitcoin (BTC) as well as private and public stablecoins.

“International payments are going to be very different over the next few decades from what they have been in previous decades.

Regulated stablecoins, offshore stablecoins, central bank digital currencies, BTC, etc.

The macro-investment strategist was react to a report that Myanmar’s parallel government led by ousted leader Aung San Suu Kyi designed the Tether stablecoin (USDT) as the official currency for local use.

“Chinese media reports that the Myanmar government will now accept the yuan in cross-border trade with China, while the parallel / ousted Myanmar government adopts Tether USD according to Bloomberg.”

Tether praised the development, saying that “the importance of this moment goes far beyond the potential of cryptocurrency to provide financial security.”

At the start of the year, Alden noted that the importance of Bitcoin’s Lightning Network in the payments industry was underestimated.

The Lightning Network is a second layer technology at the top of the Bitcoin blockchain that enables faster and cheaper transactions than would otherwise be possible.

“I think people are sleeping on the potential importance of the Lightning Network over the next five years to the payments industry.

As BTC base layer fees increase, Lightning Network becomes more important. Applications / utilities are starting to reach critical mass and liquidity may increase.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

Featured Image: Shutterstock / Tithi Luadthong / Alexxxey

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