Payments and digital asset firms will need shared, internet-native standards to support the next phase of digital money, as current systems remain disconnected and difficult to connect across providers, industry leaders said.
There needs to be a standard for sending and receiving money, regardless of whether it’s in stablecoins or traditional currency, said Erik Reppel, Head of Engineering, CDP, Coinbase.
Some verticalised players have their own application programming interfaces (APIs), but there’s no interoperability between different payment service providers with their own proprietary payment stacks,” Reppel said during the ‘BLOOM’ panel discussion at the Singapore FinTech Festival 2025 on 13 November.
