I’ve got a feeling that as folks start chatting about real world assets on the blockchain, the crypto scene might shift gears to something else that’s kinda low-key, you know? I’m thinking this could be about stablecoins and payments related to them.
If you can get in on a project where you can grab a token or catch a presale, that might be a solid investment. Big names in crypto are gearing up for this upcoming wave, haha.
I heard that Coinbase and Mastercard are in talks to snag BVNK, a London-based fintech creating stablecoin payment systems. Some insiders told Fortune that these talks are serious.
They haven’t sealed the deal yet, but sources say the price tag could be around $1.5 billion to $2.5 billion. There’s a chance the talks might fall through, but it looks like Coinbase is in the lead over Mastercard for now, according to a few insiders.
I've observed the stablecoin projects for quite a while now, from old to new. It seems the stablecoin payments narrative that you're talking about is basically what they called neobank.
It's basically just a bank that store crypto like stablecoin instead of fiat and they allow you to issue virtual card and allow you to send money through their app, sort of making payments.
The recent Plasma (stable coin blockchain) presale give people 30x ROI and other stablecoin projects are reaching billions of FDV. Now they're shifting into phase 2 which is neobank such as Plasma one, etc.
So I believe the storyline is already playing out silently and majority of people still didn't notice.
I haven't really studied this stablecoins and how they are unfolding, yet I still have seen few topics regarding this next boom market space and what everyone was suggesting is AI projects and stablecoins like this which means the ROI will be like the early days of altcoins coming up and giving xxx return of investment, I think I have to look into them, since it's still not mature enough in the industry it will definitely profit me.
Good for the businesses and business owners I agree but for the average crypto person? Not really.
Stablecoins are not investment opportunities. If they sell a stablecoin for cheap in a presale it is likely something suspicious or the project is going to be irrelevant.
No this is not correct. AI has no place with cryptocurrencies it is mostly used for marketing. Stablecoins are not profitable, they are not supposed to give a ROI they are supposed to be stable. At best you can use them in DeFi platforms to farm yield and interest.
I guess the plan is to make stablecoins the "de-facto" CBDCs. Neobanks will eventually replace traditional banking institutions in the long run. With stablecoins under governments' (and corporations') control, we will be entering a new era of totalitarianism. The US passed the GENIUS act into law, providing a regulatory framework for stablecoins. You can see where this is all heading into. It's the hype of the moment, where companies race against each other in a bid to launch Fiat-backed stablecoins of their own.
At the time of this writing, USD-based stablecoins are the largest ones in the market. This gives the US advantage over other countries. Since they're the next big thing, every country would want to draft legislation in favor of the industry. At this pace, we'll be seeing a stablecoin for nearly any Fiat currency you can imagine. I hope the market doesn't get saturated with too many stablecoins of the same type. Enough is enough, right?
For sure that will happen, japan is already issuing, india seems to go to that direction and even big countries are using stablecoin to bypass SWIFT.
I think it's obvious that the market will be saturated with too many stablecoin, every single one of them want to take advantage of global adoption to keep their inflation in check, if the US is very successful with stablecoin, just wait until other countries follow.
US as the first mover in the stablecoin sector will definitely have the advantage of large market share though.
If countries are using stablecoins to "bypass SWIFT", then this means stablecoins will become the de-facto CBDCs. Perhaps, SWIFT will cease to exist in the future as cross-border payments are made through the Blockchain. Unless, SWIFT adapts itself and starts using the tech for its own benefit. While governments can't control stablecoins directly (as in changing monetary policy, etc), they can draft legislation that would keep them in-check. For complete control, having their own CBDCs and private blockchain network would be the ideal solution.
The stablecoins hype is just getting started. I'm sure credit card companies such as VISA and Mastercard will join the game. Even banks are exploring this (eg: JP Morgan). Who knows what lies ahead in the future?
It does not matter, don't see it as a negative. This is one step of the centralization process. Every if every single stablecoin is centralized that is still a step towards decentralization when moving from a system that is controlled by one entity, the USA. I see positive developments in this area.
Your prediction is right, VISA and mastercard is already joining the game, they are issuing cards for neobanks massively right now. $10 gets you virtual card, $100 gets you physical card at neobank provider price.
Seems like they are also trying to eliminate middle man such as CEX while transitioning to the "future tech".
The fact that the neobank narrative is going on, mainly because issuing cards for crypto users have never been easier to be honest.
Cards? I've thought stablecoins and CBDCs were going to replace these? I mean, what's stopping payment giants from making a credit-based system built on Blockchain tech? The system would use stablecoins as the standard unit of account.
At least we know, VISA and Mastercard are joining the craze. Neobanks seem to be the perfect replacement of traditional banks. Only time will tell. We'll see how regulators react to this. As long they're given a big piece of the pie, there shouldn't be a problem. Just my two sats.
I think that with the stable coins, what people will like with them aside from having that stable value but also the potential profits that they'll get passively when they put it on stake. Because that's going to earn them interest and there will be more platforms that will do that when it's already partnered with some known services like Visa or mastecard. It will be amazing if they will also have that support where we can use our cards as well wherever we go. I might like it if I personally have used it just like what the exchanges cards are able to offer.