How Stablecoins Are Quietly Dismantling the Payment Monopoly
IT News Africa | Staff Writer - Dec 26, 2024
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AI-generated highlightsThe most relavant information from the article.
- Businesses pay trillions in fees annually to payment networks.
- Kroger could double its profits by switching to stablecoins.
- Stablecoins can reduce remittance costs for migrant workers significantly.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The shift towards stablecoins is not just a trend but a necessary evolution in the payments industry. As businesses and consumers seek more efficient and cost-effective solutions, the adoption of stablecoins could lead to a more equitable financial landscape. However, overcoming regulatory hurdles and entrenched interests will be crucial for this revolution to fully materialize.
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