Hua Xia Shi Bao·2025-06-26 06:52Group 1 - Major internet companies are actively planning to establish stablecoin payment networks, with notable players including Walmart, Amazon, and Expedia, as well as domestic firms like JD.com and Ant Group [1][2] - The primary goal of these companies entering the stablecoin market is to create their own payment networks, reducing the high costs and inefficiencies associated with traditional payment systems [1] - Traditional payment systems incur significant fees, with retailers paying billions annually to companies like Visa and Mastercard, and often face delays of several days for transaction settlements [1] Group 2 - JD.com aims to apply for stablecoin licenses in all major currency countries, targeting a 90% reduction in cross-border payment costs and achieving transaction efficiency within 10 seconds [2] - Currently, cross-border payments take an average of 2 to 4 days, with high costs, which JD.com seeks to address through its stablecoin initiative [2] Group 3 - Traditional cross-border payment methods involve complex processes with multiple institutions, including banks and remittance companies, leading to slow processing times and high fees [3] - Mainstream cross-border payment channels like SWIFT and PayPal have their advantages, such as security and user trust, but also suffer from high costs and lengthy processing times [3][4] Group 4 - Domestic cross-border payment options like Alipay and WeChat Pay are popular among Chinese consumers, offering fast transaction processing and high security, but have limited international reach [4] - Blockchain and stablecoin payments offer significant advantages over traditional methods, including near real-time settlement and reduced intermediaries, although they face regulatory uncertainties and market acceptance challenges [4][5] Group 5 - Stablecoins represent a potential "payment revolution" by eliminating reliance on commercial bank account systems, leading to more efficient transaction processes and lower costs [5]