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The future is stablecoin. Wise regulation can foster its growth

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A visual representation of digital currencies.

Yuriko Nakao | Getty Images

Virtual payments can be costly and slow – which makes them ripe for disruption by digital currencies, particularly stablecoin.

What makes virtual payments inefficient is that they occur in a multitude of smaller closed networks: banks facilitate transfers linked to accounts, credit card networks enable payments on credit, and payment processing firms like PayPal offer payments within their own ecosystem.

Since these transactions require a middleman to facilitate them, they can become expensive, slow and restrictive. McKinsey estimates the financial system makes $2 trillion annually from facilitating payments. This…



Source cnbc.com

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