🟦Venture capitalist Chamath Palihapitiya revealed that SpaceX uses stablecoins to minimize currency risks. The company reportedly converts payments for Starlink services received from clients in various countries into stablecoins, which are then exchanged for US dollars.
🟦Palihapitiya highlighted that this approach helps SpaceX avoid the complexities of bank transfers and reduces the impact of currency fluctuations. He expressed confidence that stablecoins will become a primary tool for international payments, competing with traditional banks and payment systems.
🟦The adoption of cryptocurrencies by Elon Musk’s companies, including Tesla and X, underscores their growing significance in the modern economy.