Welcome to FinTech TV.
I'm Remy Blair.
We're here on the ground at Money 2020 USA in Las Vegas, Nevada, and I'm joined by May Zabane from PayPal.
May, great to have you here.
Thank you so much for joining me.
So great to be here.
Well, we are here in the midst of the FinTech conference, so first and foremost, tell us what your take is on this year's event.
On this, on this event, it's I I think incredible.
Like what I love about Money 2020.
I've been coming here for many Many different years this is the energy, the vibe, the relationships, the different conversations you can have and whether it's like here like with you or whether it's just off the scenes, it just really creates this dynamic like environment and I also kind of really love how like cryptos become a little more mainstream now in the conversation like I remember a long time ago Money 2020 was a very different state and now you see crypto almost mainstream in conversations throughout the board.
Yeah, I think it really does speak to the changing times, especially given some of the organizations that are represented here.
But May, when it comes to crypto payments as well as mainstre commerce, tell us about the barriers to adoption that have fallen.
I think what's changed completely is the the Genius Act, to be honest.
I think that was such an instrumental moment for the US um to drive and help keep America like in continuing innovation, and then secondly for the crypto industry.
And what that did is it allowed like traditional players that allowed everything from banks to crypto Native players to really embrace and start having the conversation.
And so that really opened the door and I think helped, you know, drop down one of those barriers that we've we've had traditionally to drive this industry forward.
And may I do want to ask you about the role that layer two solutions have played when it comes to adoption.
I think they just continue to drive like faster, better, higher through budget and transactions, and so I think everything, whether it's layer ones, layer twos, whether it's the stablecoin industry, whether it's a different on and off ramps, they're really helping to drive a comprehensive suite for us to really be able to evolve and change um commerce.
And when it comes to merchants, tell us about how they're being onboarded more quickly and also what impact this actually has when it comes to the user experience.
Yeah, so think about it now, like we're in a world where you can drive faster, cheaper, and always available and programmable money.
And now if you step back and think about what this means for consumers, like they can now send money across the world, like you can with.
Venmo be able to send money across the world internationally with crypto.
You think about it for merchants they can earn, send and spend also with PayPal, um, and really help drive their processing costs.
They can now you adopt pay with crypto, which is a product we released and now accept like an international base.
They can also have cheaper processing costs and so you can really start to imagine and then you take that.
Forward to like business to business and you can really imagine a world where now just it becomes part of the infrastructure and the fundamentals such as driving a better economy and more value back to both sides, consumers and merchants.
Yeah, and speaking of which, for those in the viewing audience who might be wondering what are some strategies that they can use not just heading into the new year but beyond.
I think look you gotta really look at what you're as a merchant you gotta look at where your costs are.
Um, a lot of merchants are driven obviously by by the profits and some are really squeezed smaller merchants squeezed on margins.
Larger ones are really great about optimizing different parts of their business, and I think I'd say is like look at where your costs are, look at where you want to grow and the priorities for your.
Business and then as you think about crypto and stable coins really talk to players in the industry that have been there that have tested like we launched our stablecoin in 2023, right?
We were the first Fintech to launch a Sablecoins and it was, it's branded obviously by PYSC um and by PayPal but our Paxas is our issuer but now we're in the place of applications so we're taking that and.
Saying and this is really where the value is like how do you take this and really apply it to and integrate it into consumer as well as merchant use cases so you can really start to help them really appreciate the value back from that.
And May finally before I let you go as we head into year end, this is the time that we look back in the rearview mirrors.
So what's some key lessons that can be learned from 2025.
I think even when you think you're moving fast, you're not moving fast enough.
I think I'd say say that this industry is dynamic and the speed of what it's changing is just unparalleled.
So I think that's pretty much one of my biggest lessons this year.
Well, thank you so much for joining me and thank you so much for taking time out of your busy schedule to share your perspective as well as all of your insights.
Thank you.
So great to be here.
Thank you.
Thanks.
