Isn't USD digital when it is your bank account anyway?
Why do they bother at all?
The whole point of having a crypto currency is because of its decentralized nature.
What difference does it make If I use Visa's new infrastructure or the already established "swift"?
As they don't allow me to send receive USD via swift freely and for free, what makes them think that the US will allow that just because Visa does it?
The problem is the USD here.
Oh wow, is this will be the end of stablecoins like USDT, USDC, TUSD, etc.?
For me, if VISA coin can be cheap for remittance, and go in/out exchanges, then I have no complaints.
Stable coins should have been exterminated by now but they are still freely scamming people. I don't understand how a scam like this keep going on.
But then, what the CB's do isn't that much different. I still thought they wouldn't want any competition unless, it already them scamming us with tether..