A Peko Vision of a vastly improved global payments network centered around instant settlement features
Imagine that instead of it taking 48 hours and sometimes up to a week to settle payments transactions, we could instead do so in seconds. The average consumer may notice little difference because the global payments system has developed patchwork solutions to provide convenience. However, this comes with an immense amount of cost, inefficiency, and risk. Instant settlement reduces counterparty risk, fraud risk, and delivers incredible efficiencies in global payments. The benefits to our financial sector, B2B payments, and global trade are obvious and will result in new improvements for consumers as well.
Crypto enables all of this and is a widely used use case in its early days. Every blockchain provides for vastly faster settlement, while delivering all the other benefits simultaneously.
Why Crypto Enables Instant Settlement
Single Distributed Ledger
Blockchains are digitally built, self-custodial systems vs current which relies on multi-currency, border rules, counterparty trust, and legacy systems
Blockchain Ethos
Blockchains prioritize decentralization – self-custody, permissionless interaction, immutability, etc – to ensure instant settlement and no inefficiency
Who Claims to Solve This Crypto Use Case?*
- All cryptocurrencies settle far faster than traditional finance. Bitcoin was the standard but is slow by comparison to newer and faster chains like Solana, Avalanche, Injective, Sei, Sui, etc
- Ethereum is another popular settlement layer and is being scaled by various L2s including Arbitrum, Optimism, Metis, and Manta
*Disclaimer: This is not investment advice in any way, nor is it an endorsement of these projects. We DO NOT assess the code, roadmap, team, product quality, user experience, security, or fulfilment of this use case. We also take no position on legality of crypto/blockchain in your jurisdiction. Like everything on this website, we never comment on specific crypto tokens as investments because it would take assessment of all of the above and more to do so properly. Likewise, we are not qualified financial advisors. The purpose of this list is to encourage more research into a use case we believe in, as the listed tokens claim to solve for some of our vision. We hope they do and reserve the right to invest ourselves but leave it exclusively in your hands to do your own research and consider your unique financial objectives and situation. For more information, see our Terms of Use
