Stablecoins are going to be the next frontier. Visa and Mastercard are developing cards that directly interface with wallets for spend. Additionally, there are platforms they are enabling #bitcoin and stablecoin bill pay. (ie. spritz.finance) More will arrive soon.

Save in #bitcoin and spend in stablecoins. You can use a dex to trade your #bitcoin for stablecoins when you need to spend and then use a Visa/Mastercard connected wallet. Less centralized than the current system, but still centralized, I know. But its a step in the right direction.

This is how it scales to billions and fast. It's going to be like a digital version of how gold backed currencies and banks used to work. Deposit gold and receive cash to spend.

Blockchains are really just competing to be the best stablecoin network at the end of the day.

Keep an eye out for the stablecoin bill in the U.S.

https://www.congress.gov/bill/119th-congress/senate-bill/394/text/is

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Discussion

I don’t understand the stable coin argument fully… especially with all the intermediaries.

It comes off as a round about way for governments to introduce CBDC’s to the unaware populace without taking the time to be accountable or responsible for the abuse inflicted upon them. They feel exploitative.