how stablecoins will transform everyday payments for everyday people (you and me)
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everyone talks about how great stablecoins are for business: it's faster, cheaper and global. it solves a lot of problems with today's payment networks.
credit card and banking payment networks are slow, expensive and create headaches and complexity for businesses.
if things go well for stablecoins in the next few years, nothing really changes for you and me. click, tap to pay, done.
the only thing that changes is what's under the hood.
the benefits everyone talks about is tilted in favor of businesses.
why should you and i care?
because it makes everyday payments smarter.
we have smart phones, smart refrigerators, smart toilets.
but we don't have smart money.
the code that powers stablecoins run on open payment networks that anyone can access.
which means ANYONE can create tailor-made automations, not just the banking apps.
it can be programmed to know what you want and work on your behalf to get it.
when money is smart it can:
1. save you time
2. save you money
3. make you money
imagine tapping your friend's phone to auto-approve a split when the bill comes.
or a wallet that automatically submits a business expense or reimbursement when you spend from that account.
or set limits on spending. not just all spending, but for specific items you tend to splurge on, too.
imagine your wallet syncs with screen time and tracks usage. if you use a subscription is below a certain amount, it auto-cancels.
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