GARY CONROY
PAYMENTS
Blackrock College and Trinity College Dublin alumnus), to preserve Europe’ s monetary autonomy.
The concern is avoiding a situation where transactions in Europe occur via third-party systems beyond European control. This echoes ECB President Christine Lagarde’ s position that Europe must build alternatives to US and Chinese controlled platforms like Visa, Mastercard, PayPal and Alipay.
There are many similarities with the drive towards instant payments. We discussed the need to convert currencies while markets are closed and to settle instantly 24 / 7. Stablecoins offer similar benefits by never shutting down. Additionally, for volatile markets, USDC and other stablecoins play an important role in providing currency stability. Currently, most stablecoins are pegged to the dollar.
GARY CONROY
TITLE: CEO, GLOBAL PAYMENTS COMPANY: TRANSFERMATE
Gary Conroy is a payments industry leader who scales fintech companies globally, driving TransferMate’ s strategic partnerships while previously growing Realex Payments to become a worldwide eCommerce gateway of choice. fintechmagazine. com 79