Galaxy Partners: Crypto Payments Will Have Great Potential

1. Blockchain-based payment methods are becoming increasingly feasible and popular, consistent with the payment use cases highlighted in the Bitcoin white paper.
2. The cost and performance of blockchain infrastructure have improved significantly in recent years, especially with Ethereum's Dencun upgrade and the application of Layer 2 networks, which have reduced transaction costs.
3. The rise of stablecoins has brought changes to the payment industry, and its transaction volume has grown rapidly. Data from Visa shows that the stablecoin transaction volume in the past 30 days was about US$265 billion.
4. The current payment infrastructure has problems such as being outdated and fragmented, and blockchain technology provides a simplified, efficient, and low-cost solution, especially for cross-border payments.
5. The crypto payment market is divided into four layers: settlement layer, asset issuer, deposit and withdrawal provider, and interface/application front end, among which emerging trends include cross-border payments, B2B payments, and on-chain revenue.