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The Future of Machine Money: How Stablecoins Can Drive Europe's M2M Economy
by Digital Euro Association on Mar 2, 2023 8:26:22 AM
Machine-to-Machine (M2M) payments are a key enabler of the digital economy, powering everything from connected cars and smart homes to industrial automation and e-commerce. As the M2M economy in Europe continues to grow, there is a rising demand for new payment solutions that can deliver speed, security, and scalability. This is where stablecoins can play a vital role.
Our latest whitepaper, "The future of machine money – opportunities for stablecoins in Europe", explores the current and future use cases for stablecoins in the European M2M economy. The paper examines the benefits and drawbacks of M2M payments and provides industry use cases that highlight the potential benefits of stablecoin-enabled IoT and M2M payments.
Stablecoin use cases
The whitepaper begins by examining the current use cases for stablecoins, such as cryptocurrency trading and remittances, and their advantages over traditional fiat currencies.
Zooming in on IoT and M2M payments
The paper then zooms in on IoT and M2M payments, differentiating between IoT and M2M payments and exploring the European M2M economy's potential for a breakthrough.
Assessing current and future use cases for stablecoin-enabled M2M payments
Next, the whitepaper assesses the current and future use cases for stablecoin-enabled M2M payments. It covers the benefits and drawbacks of M2M payments and examines the potential benefits of stablecoin-enabled IoT and M2M payments.
The paper concludes by summarizing the potential of stablecoins in driving a competitive edge for the European M2M landscape and highlights the importance of regulatory support in realizing this potential.
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