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Distribution is the key to disrupt credit card network.
Imagine Apple adds default stablecoin wallet or Meta adds stablecoin payment in its whatsapp/fb messager.
They also has the money to promote for the users to change the behavior for the good like how wechat did in China.
In US, credit card payment cost ~ 3% (mostly issuing bank) for merchant - ~ half profit for many SMBs.
In China, wechat (alipay, etc) charges up to 0.6%.
The payment system in US is a ripoff. will be sad if nothing changes in 5 years with stablecoin.
@QwQiao@Apple@Meta
Distribution is the key to disrupt credit card network.
Imagine Apple adds default stablecoin wallet or Meta adds stablecoin payment in its whatsapp/fb messager.
They also has the money to promote for the users to change the behavior for the good like how wechat did in China.
Distribution is the key to disrupt credit card network.
Imagine Apple adds default stablecoin wallet or Meta adds stablecoin payment in its whatsapp/fb messager.
They also has the money to promote for the users to change the behavior for the good like how wechat did in China.
one of the most interesting things i learned from working with the world's largest cohort of stablecoin startups at @alliancedao is that
visa has an insane moat
the best way for consumers around the world to spend their stablecoin is... via a visa card
cc @raincards