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Today at 06:01:19 PM |
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The entire pitch is “You can pay without intermediaries” but most people want intermediaries?They wish to have somebody yelling at them when things go wrong. They want fraud protection. They want to dispute charges.
Last year, the volume of stablecoins was greater than that of both Visa and Mastercard combined ($33 trillion). Sounds like crypto won but if you look at what's moving that number, it's mostly institutional flows. B2B settlements. Treasury stuff. Cross-border remittance.
And the GENIUS Act was passed. Now, Mastercard is settling on Ethereum and Solana. Visa's across nine chains. But none of this is actually occurring on the retail terminal level as you describe. It's all backend.
Apple's definitively NOT going to do native crypto integration on their own. The DMA in Europe is pushing in that direction maybe. Yet, until now this doesn't mean anything tangible when it comes to accessing the NFC.
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