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Blaze CEO says stablecoins will ignite cross-border payment revolution
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May 8, 2025
Key Points
A new wave of stablecoin technology is poised to streamline cross-border payments, offering cheaper transactions.
Blaze Co-Founder, Faiyam Rahman, discusses creating a seamless global payments platform using blockchain as a more efficient solution compared to traditional systems.
Stablecoins could allow individuals to conduct finances in any currency, mitigating the impact of local economic instability.
Now is the most interesting time in borderless payments that we've seen in a very long time. The maturation of stablecoins as a technology really gives you an opportunity to rewrite how cross-border payments work.
Faiyam Rahman
Co-Founder and CEO | Blaze
The way the world moves money across borders—a system long tethered to national boundaries and often clunky, decades-old infrastructure—is ripe for a shake-up. For countless individuals and businesses, the dream of simple, fast global payments has felt just out of reach. But a new wave of stablecoin-powered technology is knocking at the door.
For Faiyam Rahman, Co-Founder and CEO of Blaze, this isn't just a small ripple effect; it's an incoming tidal wave.
A moment in time: "Now is the most interesting time in borderless payments that we've seen in a very long time," he says with conviction. "The maturation of stablecoins as a technology really gives you an opportunity to rewrite how cross-border payments work."
Blaze is focused on building the world's best cross-border peer-to-peer payments platform, a vision born directly from personal experience. "My co-founder Luke and I travel a lot, and we've experienced a lot of frustration handling cross-border payments in our own lives," Rahman shares. "We decided to build the payments experience we wish we had," aiming to export the seamless "Venmo experience" globally.
The stagnation of old systems: At the heart of this mission is a deep-seated dissatisfaction with the old guard of global finance. "The global financial system was built around the idea of a nation-state," Rahman explains, pointing to systems like Swift as "very much a product of its era, essentially stitching together disjointed banking systems." Even now, sending money internationally can feel like navigating a bureaucratic maze, often slow and expensive.
Previously, currency has been mostly geographically or commercially constrained. I envision a world where 10 years from now, you can be living in any part of the world but choose to conduct your finances in almost any currency you want, using stablecoins as the medium.
Faiyam Rahman
Co-Founder and CEO | Blaze
Better with blockchain: The real game-changer, Rahman contends, lies in the contrast that blockchain offers. "Blockchain is essentially a set of databases that are Internet native," he says, "and therefore are just fundamentally better tuned for cross-border payments than databases which were defined around particular nation-states." The bottom line? "It's just faster and cheaper, and from first principles, better set-up."
Visions for the future: Rahman paints a picture of a world where sending money is intuitive and stress-free: "We just want to make the most fun, most simple, most effective way to send money cross-borders," so "you don't even have to spend any mental energy thinking about how to handle your finances, no matter where you are."
Imagine, he says, an application where "you could essentially drop into any country on the planet and pay anyone you meet without having to think about it, just like you might send somebody a WhatsApp message."
A force for good: This isn't just about sparing a globetrotting nomad a headache. The implications are profound for those in economically volatile regions. "For people in countries like Venezuela or Argentina with unstable currencies, a stablecoin-based application that allows you to conduct your finances denominated against the US dollar, this is a game-changer," Rahman asserts.
"Previously, currency has been mostly geographically or commercially constrained. I envision a world where 10 years from now, you can be living in any part of the world but choose to conduct your finances in almost any currency you want, using stablecoins as the medium." He brings it home with a stark example: "You might be an electrician in Mexico, just as good as one in Oklahoma, but one of you is holding that currency in a highly inflationary environment. The impact on your financial life is going to be very different."
