Wei Zhou is the CEO of Cash.ph, the biggest crypto-native fintech platform within the Philippines, which he acquired in 2022. A former CFO of Binance and long-time finance govt — Wei has been rebuilding Cash.ph as a totally regulated on-ramp between fiat, crypto and stablecoins for Filipino customers and companies, whereas extending the playbook globally via Cash.xyz.
Why it’s best to hear
An actual-world stablecoin case research. The Philippines pulls in near $100 billion a 12 months in overseas inflows — roughly $38 billion in retail remittances from almost 10 million abroad Filipino staff, plus round $50 billion flowing into the nation’s large enterprise course of outsourcing sector. Traditionally virtually all of it moved over Swift banking rails at 5–6% in charges, which remittance pioneers like Remitly and MoneyGram dragged all the way down to 2–4%. Wei walks via how stablecoin rails are collapsing these prices additional nonetheless — Cash.ph has run USDC flows with Circle at simply 20–30 foundation factors — and why, post-Covid, on a regular basis Filipino households and companies with abroad ties are pivoting into stablecoins on their very own.
A two-sided market with a stablecoin flywheel. Wei thinks of Cash.ph much less as an change and extra as a stablecoin market, with retail customers as web consumers of digital {dollars} on one aspect, and companies and establishments sending cash into the nation as web sellers on the opposite — a stability that drives liquidity, tightens pricing and fuels progress. The largest friction, he argues, isn’t crypto; it’s fiat. Opening up low-cost 24/7 deposits and withdrawals is what pulls customers in, and weekend buying and selling volumes on Cash already outstrip weekday volumes just because conventional banks are closed. He additionally previews a B2B push launching earlier than the top of Might, enabling on-line and offline Cash retailers to simply accept USDC and USDT funds, alongside partnerships with Circle, HashKey and different licensed gamers to construct out regional stablecoin corridors.
Stablecoins as the brand new unit of account. Trying three to 5 years out, Wei sees a world the place increasingly property — from Bitcoin pairs to tokenised securities and real-world property — are denominated in stablecoins quite than fiat. The GENIUS Act within the US, together with parallel regimes within the EU, Singapore, Hong Kong, Japan and the UAE, is the unlock: conventional monetary establishments can lastly have interaction with stablecoins instantly, letting platforms like Cash.ph faucet deeper swimming pools of liquidity and produce extra funding merchandise to Filipino customers. Within the hot-take spherical, Wei calls Bitcoin to one million {dollars} (“after which sats turn out to be the brand new stablecoin”), argues the AI intelligence layer is already quietly embedded in all the things we use, and names Asimov’s Basis and Liu Cixin’s The Three-Physique Downside as his favorite sci-fi.
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